Although Vingroup (VIC) shares unexpectedly tumbled in the final minutes, Việt Nam’s stock market still ended in positive territory, supported by robust gains in banking stocks.
Liquidity improved modestly compared to the previous day, though foreign investors remained net sellers with a significant outflow of over VNĐ4.5 trillion (approximately US$173.9 million).
Hòa Phát Group sets forth an ambitious business plan, projecting consolidated revenue of VNĐ170 trillion (US$6.5 billion) and a post-tax profit of VNĐ15 trillion.
With aims of bolstering their operational capabilities and expanding their footprint within the burgeoning financial ecosystem, several local securities firms are strategically planning substantial capital increases.
The stock market has entered a consolidation phase, after several turbulent sessions, with the VN-Index fluctuating within a tight range of under ten points in the morning — a notable change from the recent volatility.
Had it gone through, Becamex IDC stood to raise a minimum of VNĐ20.88 trillion (approximately $808 million), surpassing the VNĐ10.5 trillion raised by Vietcombank in its landmark 2007 auction.
In the financial system, the capital market must play a central role, not only in providing financial resources, but also creating confidence for investors, say experts.
Novaland has been actively engaging in dialogues with creditors and bondholders, having already established initial restructuring agreements related to debts totalling nearly VNĐ18 trillion.
The primary reason for this downturn appears to be the country’s stringent listing requirements, which, while aimed at maintaining market stability and protecting investors, have also made it difficult for companies, especially in the technology sector, to go public, said...
