3.1 billion BSR shares officially listed on HOSE
On January 17, 2025, the Ho Chi Minh City Stock Exchange (HOSE) held a ceremony to present the listing decision to Binh Son Refining and Petrochemical Joint Stock Company (Stock code: BSR) and officially launched the trading of 3.1 billion BSR shares on HOSE. The reference price for the first trading day was set at VND 21,300 per share, with a price fluctuation range of ±20%.
The ceremony was attended by members of the Board of Members of Petrovietnam, including Mr. Bui Minh Tien, Mr. Nguyen Van Mau, Mr. Pham Tuan Anh, and Mr. Tran Hong Nam. Representing BSR were Mr. Bui Ngoc Duong – Chairman of the Board of Directors, Mr. Nguyen Viet Thang – General Director, along with other members of the Board of Directors and the Executive Board.

Speaking at the event, Mr. Nguyen Viet Thang, General Director of BSR, emphasized that this is a significant milestone for the company in its journey to register for stock listing and transition to a new trading platform. It marks a step forward in the company’s sustainable development journey. The official listing of BSR on HOSE at the beginning of 2025 also contributes to the VNIndex and VN30 indices by adding a leading enterprise in the energy sector.
This event is expected to catalyze the advancement of Vietnam’s stock market, supporting the development of the energy industry and encouraging the listing transition of eligible stocks. BSR is committed to making every effort to ensure compliance with, and even exceed, the regulations for listed companies while striving to enhance its position on the stock exchange.


Binh Son Refining and Petrochemical Joint Stock Company (formerly Binh Son Refining and Petrochemical One-Member Limited Liability Company) was established in 2008 and is responsible for managing and operating the production and business activities of the Dung Quat Oil Refinery. The company’s core activities include refining and trading petrochemical products.
Exactly seven years ago, on January 17, 2018, the Ho Chi Minh City Stock Exchange successfully organized the company’s initial public offering (IPO), marking a significant step in bringing the company closer to investors. Currently, BSR’s charter capital exceeds VND 31 trillion, reflecting its growth after nearly two decades of operation.
Over 16 years of operating the Dung Quat Oil Refinery, BSR has supplied more than 95 million tons of petroleum products to the market, generating VND 1.6 quadrillion in revenue, VND 51 trillion in post-tax profit, and contributing VND 230 trillion to the state budget. BSR has consistently demonstrated high operational efficiency and played a vital role in ensuring national energy security.
Looking ahead, BSR aims to further invest in the petrochemical sector, maximizing the production of petrochemical products such as polypropylene (PP) to meet market demand. The company is also exploring the production of new, environmentally friendly products aligned with the global energy transition and carbon reduction trends.


Recently, BSR announced its 2025 production targets, aiming for nearly VND 115 trillion in revenue, with pre-tax and post-tax profits of VND 837 billion and VND 752 billion, respectively. The company also plans to contribute VND 13 trillion to the state budget. BSR’s production target for 2025 is approximately 6.69 million tons of products, including 2.2 million tons of RON 95 gasoline and 2.5 million tons of diesel. BSR leadership expressed confidence in achieving results that exceed these targets, with a focus on double-digit production growth.
In terms of investment, BSR plans to allocate VND 1.74 trillion for capital construction and equipment procurement. Of this, VND 958 billion will be disbursed for the Dung Quat Oil Refinery Upgrade and Expansion Project. Additionally, in 2025, BSR intends to increase its charter capital from VND 31 trillion to VND 50 trillion. This capital increase will be implemented through two main methods: issuing shares to pay dividends and issuing shares to increase capital from equity (development investment funds).

The official listing on HOSE opens up numerous opportunities and enhances BSR’s financial strength and market position. As Vietnam’s largest stock exchange, HOSE provides BSR with access to a vast pool of domestic and international investors, facilitating trading and attracting interest from major institutional investors.
With its presence on HOSE, BSR gains access to more effective capital mobilization tools and channels, which is particularly crucial as the company pursues expansion projects, including the Dung Quat Oil Refinery Upgrade and Expansion Project, with a total investment of VND 36.431 trillion. The ability to access diverse and larger funding sources will enable BSR to execute strategic projects more flexibly while reducing reliance on traditional funding sources.
With its presence on HOSE, BSR will have access to more tools and efficient capital-raising channels, which is especially crucial as the company plans to expand its investments, notably the Dung Quat Oil Refinery Upgrade and Expansion Project, with a total investment of VND 36.431 trillion. The ability to access larger and more diverse funding sources will enable BSR to be more flexible in executing strategic projects while reducing reliance on traditional funding channels.


At the opening of the trading session, BSR shares reached VND 22,500 per share. January 17, 2025, marks the first trading day on HOSE, with BSR shares currently fluctuating between VND 22,000 and VND 22,500 per share.
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