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❓ If the "super project" Nam Du - U Minh officially operates, will GAS enter the strongest growth cycle in many years and be revalued by the market?
PV GAS will hold the Annual General Meeting of Shareholders at 08:00 on May 22, 2026 at PV GAS Tower, 673 Nguyen Huu Tho, Ho Chi Minh City. This is considered one of the most important congresses in recent years when the business also possesses a very strong financial foundation, a strategic LNG portfolio and the newly approved Nam Du - U Minh gas contract. 
This year's conference is not just an annual event.
This could be the time to establish a new growth cycle for Vietnam's largest gas enterprise.
Strategic context of PV GAS
PV GAS plays a central role in the national energy chain.
1. Natural gas collection and transportation
2. Processing of LPG, condensate and LNG
3. Providing gas for electricity and fertilizer
4. Developing national-scale LNG infrastructure
In the context of Vietnam promoting electrification and energy transition, PV GAS's role is increasingly important.
Big milestones before the congress
Event Timing Strategic Significance
Announcement of 2025 audited financial statements March 4, 2026 Confirming financial health
Approval of Nam Du - U Minh Contract April 20, 2026 Opening a new long-term gas source
Receive resignation letter from Board of Directors member April 23, 2026 Restructuringgovernance structure
Announcement of invitation letter to the General Meeting of Shareholders April 29, 2026 Preparing big decisions
2026 Shareholders' Meeting May 22, 2026 Establishing a new strategy
Nam Du - U Minh - the most important growth driver
Resolution No. 34/NQ-KVN approving the main content of the Nam Du - U Minh gas purchase and sale contract. 
This project is considered to have a huge impact because
* Supplying new gas to the Southwest
* Support for gas power plants
* Providing raw materials for fertilizers
* Compensate for declining output of old mines
* Create a stable revenue source for many years
If implemented on schedule, this could be the biggest growth driver for PV GAS in the next decade.
The financial platform is among the strongest in the market
According to the 2025 audited financial report, PV GAS owns a very healthy balance sheet. 
Value Indicator
Total assets 93,568 billion VND
Equity 67,063 billion VND
Cash and cash equivalents 6,876 billion VND
Profit after tax for shareholders of the parent company is 11,214 billion VND
Basic EPS 4,647 VND/share
With large assets and cash resources, PV GAS has the ability to self-finance many key projects without relying heavily on debt.
Compare position with other energy businesses
Criteria PV GAS PVS PVD
National gas infrastructure Absolute leader No ownership No ownership
Imported LNG Pioneer Participates in EPC Does not participate
Stable cash flow Very high By project According to oil and gas cycle
Cash dividends Attractive Moderate Volatility
PV GAS has almost no direct competitors in Vietnam in the fields of collection, transportation, processing and distribution.national scale gas organization.
High intensity corporate governance
The report of the independent members of the Board of Directors shows that in 2025, the Board of Directors issued more than 278 resolutions and decisions.
This reflects
* Ability to make quick decisions
* Strict strategic control
* Proactively handle difficulties
* High administrative discipline
Content shareholders will be especially interested in
1. Revenue and profit plan for 2026
2. Cash dividend policy
3. Progress of Nam Du – U Minh
4. Thi Vai and Son My LNG projects
5. Changes in senior personnel
Dividends - a great attraction of GAS
With profits of over 11,000 billion VND and strong cash flow, GAS continues to be considered a defensive stock capable of maintaining attractive cash dividends.
This is the reason why many long-term investment funds always hold GAS as a core asset in their portfolio.
Outlook 2026–2030
Impact Motivation
Nam Du - U Minh Increasing new gas sources
LNG Thi Vai Expanding the LNG market
Son My LNG Breakthrough on long-term scale
Electricity growth Increases consumption demand
Energy transition Expanding strategic role
Investment perspective before the congress
Investors are watching three important factors
* 2026 profit plan
* Commitment to dividends
* Progress of implementation of gas and LNG projects
If the announced indicators are positive, GAS may be revalued by the market according to new growth expectations.
Conclusion
PV GAS enters the 2026 Shareholders' Meeting with outstanding advantages
* Extremely strong financial foundation
* Largest gas infrastructure in Vietnam
* Nam Du - U Minh has been approved
*Qeffective treatment
* Attractive dividends
* Central role in national energy strategy
The biggest question before the congress is not whether PV GAS will continue to grow or not, but what level the market will value GAS when new gas projects simultaneously enter the implementation phase.
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