Foreign investors return to Vietnamese stocks
HCMC – Though Vietnam’s benchmark VN-Index was down over 33% in 2022, foreign investors have recently injected capital into the market, reversing a three-year stock-selling streak. During the first trading week of 2023, foreign investors pumped over VND1,720 billion into Vietnamese shares despite
EVN Finance gets nod to double charter capital
HCMC – The State Bank of Vietnam has approved EVN Finance Joint Stock Company’s plan to raise its charter capital by a maximum of nearly VND3.55 trillion through a stock rights offering and an employee stock ownership plan (ESOP). Of the amount, more than VND3.51 trillion, equivalent to over 351
Money is no longer easy
Following the thriving 2020-2021 period, the VN-Index took a U-turn and fell sharply in 2022 amid a significant change in the macro-economic context, the global situation and internal problems plaguing the economy. In early 2022, the stock market continued its upward momentum from the preceding
Becamex IJC to issue nearly 35 million shares to pay dividend
HCMC – Becamex Infrastructure Development JSC, which trades its IJC shares on the Hochiminh Stock Exchange, will issue some 35 million shares to pay the 2021 dividend to its shareholders. With the stock dividend payment at a ratio of 16%, shareholders will receive 16 new shares for every 100
Thang Long Group to sell 24 million TIG shares
HCMC – Thang Long Investment Group JSC, which trades its shares on the Hanoi Stock Exchange under the code TIG, will sell 24 million TIG shares to mobilize VND240 billion. Four individual investors will buy these shares at VND10,000 per share, the local media reported. Of the proceeds from the
Kinh Bac raises stake in Hung-Yen-based firm
HCMC – Kinh Bac City Development Holding Corporation, whose KBC shares are traded on the Hochiminh Stock Exchange, is expected to raise its ownership at Hung Yen Investment and Development Corporation from 60% to 80%. Kinh Bac has passed a plan on stake acquisition. Under the plan, Saigon
GAB shares under watch due to poor liquidity
HCMC – The Hochiminh Stock Exchange (HOSE) has decided to move the stock of FLC Mining Investment & Asset Management JSC (GAB) from the warning list to the list of stocks under watch, with effect from January 5, 2023. According to HOSE, GAB has seen no transactions since the end of March this
VinaCapital becomes Vietravel’s major shareholder
HCMC – Vietnam Travel and Marketing Transport JSC (Vietravel), whose VTR shares are traded on the Unlisted Public Company Market (UPCOM), announced today that VinaCapital Fund Management JSC has become its major shareholder. Vietravel Holdings, the largest shareholder of Vietravel that is holding
Transimex to issue nearly 16 million bonus shares
HCMC – Transimex Corporation, which trades its TMS shares on the Hochiminh Stock Exchange, will issue more than 15.8 million bonus shares to raise its charter capital by nearly VND159 billion. The board of Transimex has passed a decision adjusting the order to implement share issuance plans, with
Saigontel to set up electronics manufacturing company
HCMC – Saigon Telecommunication and Technologies Corporation, which trades its SGT shares on the Hochiminh Stock Exchange, has passed a plan to establish an electronics manufacturing company in Quang Ninh Province with charter capital of VND230 billion. The Quang Yen electronics company, wholly
PNJ makes hefty profit in Jan-Nov
HCMC – Phu Nhuan Jewelry JSC, whose PNJ shares are listed on the Hochiminh Stock Exchange, posted over VND31 trillion in net revenue and VND1.64 trillion in after-tax profit between January and November, surging by 85.4% and 96% year-on-year, respectively. The jewelry firm’s 11-month revenue and
VIX set to acquire 15 million GEX shares
HCMC – VIX Securities JSC has registered to buy 15 million shares of Gelex Group JSC, which trades its GEX shares on the Hochiminh Stock Exchange, to raise its ownership in the latter to 3.52%. The securities firm, whose shares are traded on the HCMC bourse under the code VIX, will spend over