Vietnam energy and infrastructure firms report mixed Q3 2026 results

Several Vietnamese companies in the energy, gas, and infrastructure sectors reported diverse financial results for the third quarter of 2026.

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) significantly raised its 2026 business targets. The company adjusted its consolidated revenue forecast from 17,600 billion VND to 19,000 billion VND, while increasing its projected after-tax profit by over 112% to 1,445 billion VND.

In the gas sector, Gas South (Southern Gas Joint Stock Company) reported a 69.4% increase in after-tax profit for Q3, reaching 61.6 billion VND. The company attributed profit growth to market price fluctuations and supply availability, noting that Middle East tensions impacted liquefied gas imports.

Petrosetco recorded a 46.5% increase in Q3 after-tax profit, reaching 109.1 billion VND, despite a fourfold increase in interest expenses. Meanwhile, Tasco reported a sharp decline in Q3 after-tax profit, falling 89% year-on-year to 32.8 billion VND, primarily due to a significant rise in financial costs, with interest expenses tripling compared to the previous year.