Ten companies are sounding out shareholders to temporarily switch their listing from the Ho Chi Minh Stock Exchange to the Ha Noi Stock Exchange since the former’s system is overloaded and smooth trading has become difficult.
Bao Viet Life Insurance Corporation will open five new affiliated companies this month, raising its total number of subsidiaries to 75 in 63 cities and provinces nationwide.
The Bank for Foreign Trade of Vietnam, one of the country’s four largest State-owned commercial banks, plans to open subsidiaries in Laos and Cambodia this year, a bank official has said.
Vietnam Rubber Group (VRG) sold one lot of 110.8 million shares from five hyower companies for over VND1.4 trillion (US$62.6 million), aimed at divesting from its non-core subsidiaries.
Employees of State-owned enterprises'' subsidiaries will be able to buy
shares of the parent companies at preferential prices when those
State-owned enterprises (SOEs) are equitised.
