Foreign investors buy $33 mln worth of industrial park developer Idico’s shares since early this year

Foreign investors buy $33 mln worth of industrial park developer Idico’s shares since early this year

Foreign investors have net bought IDC shares of Vietnam’s leading industrial park developer Idico to the tune of VND846.9 billion ($33.3 million) since the beginning of this year, according to Vietcap Securities.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Broker Vietcap to issue private placement shares to strategic investors

Broker Vietcap to issue private placement shares to strategic investors

Vietnamese broker Vietcap Securities plans private placements of shares to strategic investors to raise its charter capital this year, CEO To Hai said Tuesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign investors to be allowed to trade stocks in Vietnam without pre-funding: draft circular

Foreign investors to be allowed to trade stocks in Vietnam without pre-funding: draft circular

Foreign institutional investors will not have to deposit 100% of the transaction value before trading stocks in Vietnam, according to a draft circular.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major developer Sudico targets new name, 38% increase in pre-tax profit

Major developer Sudico targets new name, 38% increase in pre-tax profit

Vietnam property developer Sudico plans to adopt a new name and earn pre-tax profits of VND350 billion ($14.8 million) this year, up 38.3% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam securities firms prepare plans to increase capital as annual meeting season nears

Vietnam securities firms prepare plans to increase capital as annual meeting season nears

Several securities companies in Vietnam have prepared plans to increase their charter capital for submission at upcoming annual general meetings of shareholders to fit in the growing market.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam begins 2024 with M&A flourish

Vietnam begins 2024 with M&A flourish

2024 is shaping to be a favorable year for merger & acquisition (M&A) activities in Vietnam with several firms striking early deals and others announcing their intentions to do so.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

VN-Index to reach 1,200-1,220 points in February: broker

VN-Index to reach 1,200-1,220 points in February: broker

Increasing domestic capital flow is likely to push Vietnam’s benchmark VN-Index towards the resistance territory of 1,200-1,220 points in February, according to VNDirect Securities.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Finnish fund reports 6.8% growth in Vietnam investment performance

Finnish fund reports 6.8% growth in Vietnam investment performance

Finland’s Pyn Elite Fund saw its investment performance in Vietnam grow 6.8% month-on-month in January, well above the 3% gain in Vietnam’s benchmark VN-Index.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign investors net buy $42 mln of Vietnamese shares during Jan 22-26

Foreign investors net buy $42 mln of Vietnamese shares during Jan 22-26

Foreign investors recorded their second consecutive week of net buying Vietnamese stocks with 64.64 million shares worth over VND1.03 trillion ($41.86 million) from January 22-26, up nearly 3.5 times in volume and 2.3 times in value than the previous week.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Institutional shareholders holding over 10% stake in seven Vietnam banks

Institutional shareholders holding over 10% stake in seven Vietnam banks

Vietnam has seven banks with institutional shareholders holding more than 10% of charter capital, according to banks’ 2022 and H1/2023 governance reports.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors can feel secure in Vinamilk shares: exec

Investors can feel secure in Vinamilk shares: exec

The dairy industry still has great potential for growth, so investors can be assured when investing in dairy giant Vinamilk, said Nguyen Quang Tri, the company’s marketing executive director.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bamboo Capital chairman to sell BCG Land shares to invest in energy projects

Bamboo Capital chairman to sell BCG Land shares to invest in energy projects

Nguyen Ho Nam, chairman of Bamboo Capital Group JSC, will transfer 20 million personally owned shares in BCG Land, a real estate subsidiary of Bamboo Capital, to invest in the group's renewable energy projects, BCG Land announced on Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel producer Pomina battles mammoth debts

Steel producer Pomina battles mammoth debts

Vietnamese steel firm Pomina has found itself in a crisis with VND2.2 trillion ($90.67 million) and VND922 billion ($38 million) in overdue bank and supplier debt respectively, and many of its owners have had to sell millions of shares to clear debts with suppliers.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agri major HAGL erases list of three potential buyers of 130 million shares 

Agri major HAGL erases list of three potential buyers of 130 million shares 

Agricultural giant Hoang Anh Gia Lai (HAGL) on Friday scrapped the list of three investors planning to buy its 130 million shares it had announced one day earlier, citing "reporting errors" as the reason.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Real estate developer Phat Dat gets nod to issue 67.2 mln shares

Real estate developer Phat Dat gets nod to issue 67.2 mln shares

Phat Dat Real Estate Development JSC says it has received approval from the State Securities Commission (SSC) to issue 67.16 million new shares in a private placement.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's stock market plunge offers opportunity for cash holders

Vietnam's stock market plunge offers opportunity for cash holders

The Vietnamese stock market may continue negative developments in the short term, but in the long term it is still the No. 1 investment channel; therefore, the current corrections offer cash holders a good opportunity to accumulate stocks, said experts.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Contractor Hoa Binh to increase charter capital, swap debts

Contractor Hoa Binh to increase charter capital, swap debts

Shareholders of Hoa Binh Construction Group approved Tuesday the issue of 274 million shares at VND12,000 ($0.49) per share towards increasing its charter capital and swapping debts.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

HDBank announces second divestment from budget carrier Vietjet

HDBank announces second divestment from budget carrier Vietjet

Vietnamese private lender HDBank has registered to sell another 8 million VJC shares of Vietjet in October, its second divestment from the low-cost airline this year, said the bank.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas to issue new shares, raise charter capital to $950 mln

PV Gas to issue new shares, raise charter capital to $950 mln

Leading Vietnamese gas supplier PV Gas plans to issue nearly 383 million shares and raise its charter capital from VND19.14 trillion ($792 million) to VND22.96 trillion ($950 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese carmaker VinFast drops for fourth straight session after peak on Nasdaq

Vietnamese carmaker VinFast drops for fourth straight session after peak on Nasdaq

VinFast's VFS shares on the Nasdaq declined for a fourth consecutive session on Friday to $29.5 per share after hitting their peak at $82.35 on August 28.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bamboo Capital real estate arm BCG Land to list on Vietnam stock exchange

Bamboo Capital real estate arm BCG Land to list on Vietnam stock exchange

BCG Land JSC, the real estate arm of Vietnamese conglomerate Bamboo Capital Group, will list on a Vietnamese stock exchange as BCR.

Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast brings Vietnamese stock market closer to foreign investors: expert

VinFast brings Vietnamese stock market closer to foreign investors: expert

The listing of Vietnamese electric vehicle (EV) maker VinFast on the tech-focused Nasdaq will make the Vietnamese stock market more popular among foreign investors, said Nguyen The Minh, chief analyst at Yuanta Vietnam Securities JSC.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Son of VIB chairman sells entire stake in bank

Son of VIB chairman sells entire stake in bank

Vietnam International Bank (VIB), one of the country’s major retail banks, has announced that Dang Quang Tuan, the son of bank chairman Dang Khac Vy, has sold out more than 124.7 million shares, equivalent to a 4.916% stake.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam Airlines shares grounded onto restricted list

Vietnam Airlines shares grounded onto restricted list

The Ho Chi Minh Stock Exchange (HoSE) on Wednesday announced it will switch the status of HVN shares in national flag carrier Vietnam Airlines from controlled to restricted trading from July 12, due to the late submission of its 2022 audited financial statement.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Norwegian investment fund to buy 95 million shares in Vietnam's SeABank

Norwegian investment fund to buy 95 million shares in Vietnam's SeABank

Vietnam’s SeABank will sell nearly 95 million shares to the Norwegian Investment Fund (Norfund) for about VND1.2 trillion ($50.5 million).

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam 'Shrimp seed King’ to list on mezzanine exchange

Vietnam 'Shrimp seed King’ to list on mezzanine exchange

Viet Uc Seafood JSC, Vietnam’s leading shrimp seed company, has completed the list of shareholders to conduct securities depository and share trading on the unlisted public company market UPCoM.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dragon Capital buys back into real estate developer Khang Dien

Dragon Capital buys back into real estate developer Khang Dien

Leading fund manager Dragon Capital bought back 1,050,000 KDH shares in real estate firm Khang Dien on Tuesday to raise its ownership from 10.96% to 11.1%.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

NovaGroup registers to sell 136 mln Novaland shares

NovaGroup registers to sell 136 mln Novaland shares

NovaGroup has registered to sell 136.4 million shares in Novaland (NVL), a leading property developer in Vietnam, to balance its investment portfolio and support its debt structure and other obligations.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thermal power stocks expect to benefit from El Nino as hydropower declines

Thermal power stocks expect to benefit from El Nino as hydropower declines

The majority of thermal power companies reported disappointing business results in the first quarter of 2023, but analysts say the outlook for 2023 remains bright given the El Nino effect.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Real estate firm Long Giang shares rally on market supply, demand: company

Real estate firm Long Giang shares rally on market supply, demand: company

Vietnam real estate firm Long Giang Land said its share price had hit the ceiling for five consecutive sessions since May 29 due to stock market supply and demand and investors' will.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Real estate firm Becamex IJC plans to issue 125.92 mln shares

Real estate firm Becamex IJC plans to issue 125.92 mln shares

Becamex IJC, a subsidiary of Vietnam's leading developer of industrial townships Becamex IDC, plans to issue 125.92 million shares to existing shareholders in 2023-2024 to raise VND1.26 trillion ($53.6 million) at a ratio of 50%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lender NCB plans sale of Bamboo Airways shares for $47.7 mln

Lender NCB plans sale of Bamboo Airways shares for $47.7 mln

Private creditor National Citizen Bank (NCB) plans to offload 203 million shares in Bamboo Airways for VND1.12 trillion ($47.7 million) to divest from the Vietnamese carrier.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VNG shares hit with trade restrictions over late financial statement submission

VNG shares hit with trade restrictions over late financial statement submission

The Hanoi Stock Exchange (HNX) has placed VNZ shares of Vietnamese tech giant VNG Corporation under trading restrictions from Thursday due to late submission of its 2022 audited financial statement by more than 45 days.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Construction giant Hoa Binh plans to issue 47 million shares

Construction giant Hoa Binh plans to issue 47 million shares

Leading Vietnamese construction contractor Hoa Binh (HBC) plans to issue 47 million HBC shares at the price of VND12,000 ($0.5) per unit to own 100% of the 127 An Duong Vuong residential project in District 6, Ho Chi Minh City.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam Airlines shares placed under control for late submission of financial reports

Vietnam Airlines shares placed under control for late submission of financial reports

The Ho Chi Minh Stock Exchange (HoSE) has decided to put shares of national flag carrier Vietnam Airlines (HVN) under control from May 12 due to late submission of its 2022 audited financial statements.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7