HCMC – The Hochiminh Stock Exchange said in its 2022 financial statement that it generated VND2,508 billion in revenue, a 23% decrease against the previous year. Its 2022 expenses dropped 20% to VND562 billion, resulting in a pre-tax profit of VND1,946 billion, which was still 23% below the
Data in the past showed that the market performance in May was not always the worst. In recent years, the “selloff in May” phenomenon seems no longer a significant concern. So, is the fear of May exaggerated? The past was not too bad After a rise of 3.7% in March, the VN-Index reversed course and
HCMC – Foreign investment in Vietnam’s securities in April plunged by nearly half versus its peak in 2022 and hit a 12-month low. Foreign investors bought over VND17.8 trillion worth of stocks, fund certificates and warrants listed on the Hochiminh Stock Exchange (HOSE), while they sold securities
Although Vietnam’s stock market has come under pressure due to global financial market volatility, the VN-Index had still maintained its upward trend since mid-November last year. A variety of supporting factors Now that a series of policies aimed at supporting the economy, especially the stock
That many enterprises will be subject to inspection regarding their previous stages of flotation or divestment of State capital sparks concerns among investors. This could be another source of pressure on the stock market, which is already in a sensitive and very vulnerable state. Check on
HCMC – Binh Duong Water Environment JSC (BWE) has approved a board resolution to buy three million LAW shares, or a 24.5% stake, in Long An Water Supply Sewerage JSC (LAW). It is likely that BWE would buy the shares from DNP Holding Joint Stock Company (DNP), which has registered to sell three
HCMC – City Auto Corporation (CTF) has announced it will issue over 3.8 million shares under the employee share ownership plan with a price of VND15,000 per share. The shares will not be tradable within one year from the date of issue and will be bought back if the holders quit their job within
HCMC – PetroVietnam Gas Joint Stock Corporation, whose GAS shares are listed on the Hochiminh Stock Exchange (HOSE), has received a “BB” rating from Fitch Ratings, with a positive outlook. The rating is expected to help the firm win the trust of partners and banks, GAS said. For Standalone Credit
HCMC – Century Synthetic Fiber Corporation (STK) has announced its affiliated company, Unitex Corporation, has secured a syndicated loan of US$52.5 million, equivalent to VND1,233 billion. The lenders comprised CTBC Bank, Kasikorn Bank, Shanghai Commercial and Savings Bank, Entie Commercial Bank
HCMC – Viet Capital Securities Joint Stock Company (VCSC), whose VCI shares are traded on the Hochiminh Stock Exchange, wants to be renamed as Vietcap Securities JSC. This is part of its plan to improve its brand recognition, as the firm now is called many different names, such as VCI, VCSC, and
HCMC – Petro Vietnam Ca Mau Fertilizer JSC (PVCFC), whose DCM shares are traded on the Hochiminh Stock Exchange (HOSE), signed a strategic partnership with the Yunnan Yuntianhua Honglin Chemical Company yesterday, March 7. Yuntianhua Honglin Chemical Company is an affiliate of the Yuntianhua Group
HCMC – Mobile World Investment Corporation (MWG) has halted its cooperation with personal financial service provider F88 after the police searched the latter’s headquarters. F88 offers loans to consumers who use their motorcycles, automobiles, laptops, or smartphones as collateral, with an