Kinh Bac chairman completes 25 mln KBC shares purchase
Dang Thanh Tam, chairman of Kinh Bac City Development Holding Corp., one of Vietnam's leading industrial real estate companies, has completed his purchase of 25 million shares of the developer.

Kinh Bac City Development Holding Corp. chairman Dang Thanh Tam. Photo courtesy of Viet People newspaper
With the purchase, conducted from November 15 to December 13, Tam’s stake in Kinh Bac increased from 14.81% to 24.91% of the company’s charter capital.
At the December 13 closing price of VND22,500 ($0.96) per share, it is estimated that Tam spent up to VND562.5 billion ($23.89 million) on the deal.
From January 6 to November 9, Kinh Bac, listed on the Ho Chi Minh Stock Exchange (HoSE) as KBC, plunged 69.4% from VND46,350 ($1.97) to VND14,200 ($0.6) per share.
After that, the stock recovered, reaching VND22,800 ($0.97) on December 14, 60.6% higher than its bottom price recorded on November 9 but 50.8% below its January 6 peak price.
In a plan to be submitted to shareholders at the second extraordinary general meeting in 2022 scheduled for December 28, Kinh Bac would buy back 100 million KBC shares at the market price, but not higher than VND34,000 ($1.45) per share, in order to reduce its charter capital.
Kinh Bac also plans to pay a cash dividend of 20% for this year, meaning a shareholder owning one KBC share will receive VND2,000 ($0.08). With a total of 767.6 million floating shares, the firm is expected to spend over VND1,335 billion ($56.7 million) on dividend payments.
It targets revenue of VND9 trillion ($382.3 million) and after-tax profit of VND4 trillion ($169.9 million) next year.
In the first nine months of this year, the corporation recorded more than VND1,288 billion ($54.7 million) and over VND2,136 billion ($90.72 million) in revenue and after-tax profit, down 58.1% and up 191.4% year-on-year, respectively. With these results, it reached only 47.5% of its yearly profit plan.
By September 30, 2022, the company's total assets had increased by 9.1% compared to the beginning of the year to over VND33.37 trillion ($1.42 billion).
- Read More
Japan seeks to implement 15 energy projects worth over $20 bln in Vietnam
Japan wants to execute 15 projects worth over $20 billion in Vietnam's energy transition field, said Prime Minister Ishiba Shigeru.
Economy - Mon, April 28, 2025 | 11:07 pm GMT+7
Malaysia highlights roles of ASEAN, BRICS in regional cooperation
Malaysian Foreign Minister Mohamad Hasan is scheduled to deliver a speech at a dedicated session themed “The Role of the Global South in Reinforcing Multilateralism,” held as part of the BRICS Ministers of Foreign Affairs Meeting in Rio de Janeiro, Brazil, from April 28-29.
Southeast Asia - Mon, April 28, 2025 | 10:10 pm GMT+7
Singapore negotiates for US concessions on pharmaceuticals, chips
Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Singaporean Trade and Deputy Prime Minister Gan Kim Yong.
Southeast Asia - Mon, April 28, 2025 | 10:03 pm GMT+7
Vietnam’s leading IP builder Idico applies for major bourse listing, targets $100 mln pre-tax profit
Idico Corporation, a major industrial park developer in Vietnam, has applied for listing its shares on the Ho Chi Minh Stock Exchange (HoSE) and kept its 2025 business plan unchanged with a pre-tax profit target of VND2.6 trillion ($100 million).
Companies - Mon, April 28, 2025 | 9:53 pm GMT+7
Property giant Sun Group commences work on $1.35 bln spiritual tourism complex in central Vietnam
Sun Group, Vietnam's leading real estate developer, on Saturday broke ground on its Am Tien spiritual and historical tourism complex project in the central province of Thanh Hoa.
Real Estate - Mon, April 28, 2025 | 9:30 pm GMT+7
Vietnam's SHB bank records 'fastest growth in customer satisfaction' for 2 straight years
In the Bank Satisfaction Rankings 2025, Saigon-Hanoi Bank (SHB) not only makes it to the top 10 but also stands out as the bank with fastest growth in customer satisfaction for two consecutive years.
Companies - Mon, April 28, 2025 | 4:19 pm GMT+7
India's KCP Limited to inject extra $60 mln into sugar, biomass power plants in south-central Vietnam
Indian-invested KCP Vietnam Industries Limited has proposed raising the capacity of its Son Hoa sugar plant to 15,000 tons of sugarcane per day and deploying the 45 MW second phase of its 75 MW KCP Phu Yen biomass power plant, both in Phu Yen province.
Industries - Mon, April 28, 2025 | 3:35 pm GMT+7
Central Vietnam hub Danang eyes country's 'first urban complex on the sea'
The central city of Danang is studying an urban complex project on Da Nang Bay, with five floating islands - home to an international service, commercial and financial center complex.
Real Estate - Mon, April 28, 2025 | 1:49 pm GMT+7
Private equity firm Creador acquires 13% of Vietnam’s Long Chau pharmacy chain
Creador Sdn. Bhd., a private equity firm headquartered in Malaysia, has acquired a 13% stake in FPT Long Chau Investment JSC, one of Vietnam’s largest pharmacy chains and a subsidiary of retail major FPT Retail.
Companies - Mon, April 28, 2025 | 12:00 pm GMT+7
Major Vietnamese contractor Hoa Binh to raise $133 mln for bank, supplier payments
Hoa Binh Construction Group, one of Vietnam's top contractors, plans a private placement for up to 347 million shares, with an estimated total value of VND3.47 trillion ($133.4 million).
Companies - Mon, April 28, 2025 | 11:51 am GMT+7
Chocolate Alluvia celebrates Vietnam's Reunification Day with 4 HCMC stores to watch the parade
Xuan Ron Cho Gao Cocoa Co., Ltd., the maker of Alluvia Chocolate from Tien Giang province, is joining the celebration of Vietnam’s Reunification Day - April 30, with four stores favorably positioned around Nguyen Hue and Le Loi walking streets in District 1, Ho Chi Minh City.
Travel - Mon, April 28, 2025 | 8:57 am GMT+7
Two Vietnamese banks to list on stock exchanges in 2025
Vietnamese private lenders VietABank and KienlongBank are set to move their shares from the unlisted public companies market UPCoM to the Ho Chi Minh City or Hanoi stock exchanges in 2025.
Banking - Mon, April 28, 2025 | 8:24 am GMT+7
AI to reshape Malaysia’s economic landscape: expert
Artificial intelligence (AI) is set to significantly reshape Malaysia’s economic landscape, presenting not only challenges but also groundbreaking opportunities for growth, job creation, and innovation, according to an expert.
Southeast Asia - Sun, April 27, 2025 | 5:35 pm GMT+7
Vietnam's retail giant Mobile World to keep growing even if market stagnates: chairman
Mobile World Investment Corporation (MWG), a leading retailer in Vietnam, will continue to grow even if the market stagnates or retreats, said chairman Nguyen Duc Tai.
Companies - Sun, April 27, 2025 | 5:24 pm GMT+7
Japanese PM Ishiba arrives in Hanoi, beginning three-day visit
Japanese Prime Minister Ishiba Shigeru and his spouse, together with a high-level Japanese delegation, arrived in Vietnam on Sunday for a three-day official visit from April 27 to 29.
Economy - Sun, April 27, 2025 | 3:58 pm GMT+7
Thailand plans to inject $15 bln into economy
Thailand's Ministry of Finance aims to inject over THB500 billion ($15 billion) into the economy to boost the country's GDP growth by over 1.8%, focusing on stimulating consumption, investment, and providing soft loans.
Southeast Asia - Sun, April 27, 2025 | 1:54 pm GMT+7
- Consulting
-
Rethinking resilience: How typhoon Yagi redefines supply chain strategies in northern Vietnam
-
Remove roadblocks to lure foreign investment into Vietnam: HSBC exec
-
AI can be a game changer for Vietnam tourism
-
In trade and investment, ASEAN and China are better together
-
Investment opportunities in LNG-to-power projects in Vietnam
-
Pepper prices 2024: will the dream of 'black gold' repeat?