Vinhomes spends $412.4 million on record buyback
Vinhomes JSC, the largest housing developer in Vietnam, spent VND10,482 billion ($412.39 million) on purchasing back its shares in the largest corporate buyback in the country so far.
The Zen Park at the Vinhomes Smart City complex in Hanoi. Photo courtesy of Vinhomes.
The company bought back 246.96 million shares, listed on the Ho Chi Minh Stock Exchange (HoSE) as VHM, at an average price of VND42,444.36 ($1.67) apiece, it said in a release on Tuesday.
In early August, Vinhomes announced a plan to buy back up to 370 million shares from October 23 to November 21 to safeguard the rights of itself and its shareholders as VHM market prices were below the “real value” of the company.
Techcom Securities acted as the agent to execute the buyback.
After the buyback, the company's voting shares stand at 4.107 billion. As such, its charter capital will reduce to VND41,074 billion ($1.62 billion) from VND43,544 billion.
During Vinhomes’ buyback transactions, foreign investors net sold nearly 91 million VHM shares, valued at VND3.8 trillion ($149.5 million).
VHM shares soared to a one-year peak after the company unveiled the buyback before fluctuating strongly during the one-month transactions.
At Tuesday’s close, VHM shares were down 0.7% at VND42,400 ($1.67), 12% lower than the one-year peak but 23% above the historic bottom.
Vinhomes now has a market cap of VND184.63 trillion ($7.26 billion), the fifth highest on the HoSE after Vietcombank, BIDV, FPT Corp, and VietinBank.
Its parent firm, Vingroup, ranks ninth with a market value of VND156.96 trillion ($6.18 billion).
- Related News
- Read More
Vietnam's industrial production on upward trend
Vietnam's industrial production index continued to rise in the first eight months of the year, with all 34 cities and provinces recording an increase.
Economy - Sat, September 6, 2025 | 10:20 pm GMT+7
Vietnam's leading industrial park developer Becamex IDC raises $75 mln in latest bond issuance
Becamex IDC (HoSE: BCM), a leading Vietnamese industrial park developer, has raised VND2 trillion ($75.4 million) in its latest bond issuance.
Finance - Sat, September 6, 2025 | 8:35 pm GMT+7
Vietnam's FDI capital disbursement hits five-year high amid global decline
Disbursed foreign direct investment (FDI) capital in Vietnam hit $15.4 billion in Jan-August, up 8.8% year-on-year, despite declining global investment flows, the Foreign Investment Agency (FIA) reported.
Economy - Sat, September 6, 2025 | 4:30 pm GMT+7
EVNNPT leader inspects 220kV substation project progress in central Vietnam
Pham Le Phu, CEO of EVNNPT, a subsidiary of state utility Electricity Vietnam (EVN), on Thursday inspected the construction of the 220kV Chan May Substation and its associated transmission line in the central city of Hue.
Companies - Sat, September 6, 2025 | 3:42 pm GMT+7
Vietnam’s gas transmission firm PV Gas SE: a journey of creation and pride
For over two decades, Petrovietnam Gas South East Transmission Company (PV Gas SE) has stood as a lasting symbol within Petrovietnam Gas Joint Stock Corporation (PV Gas) - one of the earliest-established units closely tied to the pioneering steps of Vietnam’s gas industry.
Companies - Sat, September 6, 2025 | 3:33 pm GMT+7
Politician Anutin Charnvirakul wins vote to become new Thai PM
Thailand’s Bhumjaithai Party leader Anutin Charnvirakul has secured enough votes to become the country's new Prime Minister.
Southeast Asia - Sat, September 6, 2025 | 10:55 am GMT+7
Vietnam’s sugar productivity maintains top regional spot
In the 2024-2025 crop, Vietnam maintained its position as the regional leader in sugar productivity, reaping 6.69 tons per hectare, outpacing other major producers such as Thailand, Indonesia, and the Philippines.
Companies - Sat, September 6, 2025 | 10:53 am GMT+7
Gaming drives Vietnam tech unicorn VNG’s H1 revenue
Vietnamese tech unicorn VNG Corp (UPCoM: VNZ) reported net revenue of over VND4.8 trillion ($181.82 million) in H1, up 11% year-on-year, with gaming remaining its major contributor at VND3.59 trillion ($135.98 million).
Companies - Sat, September 6, 2025 | 10:39 am GMT+7
Hanoi gives green light to fifth metro line Van Cao-Hoa Lac
Vietnam's capital city of Hanoi has approved a plan to build the Metro Line No. 5, connecting Van Cao with Hoa Lac.
Infrastructure - Sat, September 6, 2025 | 9:02 am GMT+7
VAFIE helps Hai Phong-based firms get updates on tax policies
The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) and Hai Phong's Tax Department co-organized a seminar titled “Updates on Tax Policies and International Financial Reporting Standards (IFRS)” on Friday in the northern port city.
Companies - Sat, September 6, 2025 | 8:56 am GMT+7
Vietnam coffee exports hit record high
Vietnam’s coffee industry is experiencing a breakthrough year, with exports setting new records in both volume and value.
Economy - Sat, September 6, 2025 | 8:10 am GMT+7
H&M eyes expansion in Vietnam’s wealthiest city
Fashion retail giant H&M is looking into procedures for leasing locations and opening new stores at the heart of Ho Chi Minh City, as it aims for expansion in Vietnam.
Industries - Fri, September 5, 2025 | 9:41 pm GMT+7
Vietnam Politburo’s new resolution targets national energy security through 2030
Party chief To Lam, on behalf of the Politburo, has signed Resolution 70, a strategic framework to ensure national energy security through 2030, with a vision to 2045.
Economy - Fri, September 5, 2025 | 4:23 pm GMT+7
Petrovietnam subsidiary, Malaysia’s Hibiscus Petroleum sign Heads of Agreement for Block 46/13
The Petrovietnam Exploration Production Corporation (PVEP), a subsidiary of state-owned giant Petrovietnam, and Hibiscus Oil and Gas Malaysia Limited recently signed a Heads of Agreement for Block 46/13 Production Tie-in to PM3 CAA PSC (HOA PTI).
Energy - Fri, September 5, 2025 | 3:48 pm GMT+7
Vietnam's EV maker VinFast posts 92% revenue growth in Q2
VinFast, a Vietnamese electric vehicle manufacturer (Nasdaq: VFS), reported total revenue of over VND16,609 billion ($663 million) for Q2/2025, an increase of 91.6% year-on-year and 1.9% higher than Q1.
Companies - Fri, September 5, 2025 | 3:38 pm GMT+7
Korean pharma, biotech firms eye burgeoning Vietnamese market
Pharmaceutical and biotechnology companies from South Korea are turning their attention to Southeast Asia, with Vietnam emerging as one of the most promising “pharmerging markets” in the region.
Companies - Fri, September 5, 2025 | 2:38 pm GMT+7
