PetroVietnam Power Corporation (PV Oil), a subsidiary of Vietnam National Oil and Gas Group is seeking strategic partners to sell up to 44% equity interest, as part of its planned offer to offload 49% stake in the company via a listing in the near future. Shortlisted candidates are expected to be reported to the government within this month, while the bidding process will complete by May 2017, the company said. The stake sale might be implemented through both auction and negotiations with the investors, it added. Meanwhile, PV Oil aims to go for an IPO in the second quarter of 2017.