Vietnam National Petroleum, VN000000PLX1

Vietnam National Petroleum stock reports 114.3 percent profit growth

Published on 10/07/2026 at 09:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vietnam National Petroleum stock posted VND 136,046.3 billion in Q2 revenue, up 77.8 percent year over year. Net income reached VND 3,052.2 billion, while October 7 trading showed VND 36,100.

Vietnam National Petroleum, VN000000PLX1, Illustration mit AI erstellt.

Vietnam National Petroleum (ISIN VN000000PLX1) was trading at VND 36,100 on the Ho Chi Minh City Stock Exchange on October 7, 2026 at 2:02 p.m. ICT, down 0.28 percent from the previous close. The company entered the session with a Q2 2026 profit increase of 114.3 percent, according to 24HMoney.

Q2 revenue reaches VND 136,046.3 billion

Vietnam National Petroleum reported Q2 2026 revenue of VND 136,046.3 billion, up 77.8 percent from Q2 2025. Net income after corporate income tax reached VND 3,052.2 billion, compared with VND 1,424.4 billion a year earlier, while profit attributable to the parent company rose to VND 2,799.7 billion from VND 1,366.4 billion.

The earnings rebound also followed a weak first quarter. Net income after tax moved from a loss of VND 662.5 billion in Q1 2026 to a profit of VND 3,052.2 billion in Q2, making the second-quarter comparison more important than the headline growth rate alone.

Treasury share sale changes ownership structure

A separate corporate event involved the sale of 23,285,846 treasury shares between August 26 and September 16, 2026, at an average price of VND 36,252. Petrolimex received estimated proceeds of VND 844 billion, as VnEconomy reported on September 18, 2026.

The transaction lifted ownership by non-major shareholders to 11.05 percent. That level exceeded the 10 percent threshold cited in the report for maintaining public-company status, while the Ministry of Finance remained the largest shareholder with 75.9 percent.

Analysts see further valuation upside

Investing.com lists a Buy consensus from 5 analysts, with 4 Buy ratings, 1 Hold rating and no Sell rating. The average 12-month price target is VND 44,750, with a high estimate of VND 49,100 and a low estimate of VND 41,100.

The market data page also shows a 52-week range of VND 30,796.8 to VND 70,400 and a trading volume of 1,550,800 shares on October 7, 2026. The current price therefore sits inside a wide yearly range, leaving the Q2 earnings quality and the companys ownership structure as the key points for assessing the stock.

PLX stock trades at VND 36,100

Vietnam National Petroleum stock was trading at VND 36,100 on October 7, 2026, down 0.28 percent on the session. The companys market capitalization was VND 46.0 trillion as of October 6, 2026.