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Added to YB: 2026-09-04

Pitch date: 2026-08-29

VSH.VN [bullish]

Vinh Son - Song Hinh Hydropower Joint Stock Company

Author Info

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Company Info

Vinh Son - Song Hinh Hydropower Joint Stock Company provides electricity services in Vietnam. It also involved in the project management consultancy and construction supervision of energy projects; and provides consulting, design, and construction of monitoring systems for energy, construction, traffic, irrigation and environmental works; testing, calibrating, and inspecting the technical safety of electrical equipment and tools; trades materials and equipment in the field of hydropower; real estate business; electricity business; manages, operates, and maintains services for power plants; installs electrical systems for energy, industrial, and civil engineering projects; installs water supply, drainage, heating and air conditioning systems; installs, maintains, and repairs non-electrical equipment in energy projects, buildings, and other construction works; road construction; and vocational training, fostering, training knowledge, specialized skills in electricity and labor safety.

Market Cap

VND 9.8T

Pitch Price

VND 41.5K

Price Target

N/A

Dividend

7.20%

EV/EBITDA

6.27

P/E

10.49

EV/Sales

4.82

Sector

Independent Power and Renewable Electricity Producers

Category

N/A

Show full summary:
Vietnam Holdings - Vinh Son–Song Hinh Hydropower

VSH.VN (quick overview): Vinh Son–Song Hinh is one of Vietnam’s larger listed hydroelectric producers, operating three plants with 356 MW of combined capacity. The 220 MW Thuong Kon Tum plant, commissioned in 2021, represents just over 62% of capacity and gives the portfolio a relatively young capacity-weighted asset base. Hydropower offers generally consistent, clean generation that can receive government incentives, though output remains dependent on rainfall.

Read full article (1 min)