Share issuance and repurchase of shares

On the Ho Chi Minh Stock Exchange, the VN-Index edged down 0.11 per cent to close Friday at 1,252.74 points. It had gained nearly 4 per cent in the previous four sessions. An investor makes transaction at a brokerage in Ha Noi. The VN-Index edged down 0.11 per cent on Friday after rising for four straight days.-VNA/VNS Photo Tran Viet Liquidity also declined with nearly 699 million shares worth VND15.6 trillion (US$672.4 million) being traded, down 3.5 per cent in volume and 8.5 per cent in value compared to the previous session and the lowest of the week. “Given the rising streak over the past week, the demand became timid, meaning the VN-Index was unable to extend its gaining force and retreat to the reference level,” said Phuong Pham, a stock analyst at Viet Dragon Securities Co. Blue chips' slump weighed on the market. Only eight of the top 30 shares by market value and liquidity gained value while 18 declined and four were flat. Securities companies surprised … [Read more...] about Shares retreat after four-day rally, liquidity declines

A customer using a tablet at a HDBank (HDB) branch. HDB rose 1.2 per cent Monday. — Photo courtesy of the bank Vietnamese shares opened higher on Monday, led by banking and large-cap stocks which were bolstered by continued improvements in investors’ sentiment. On the Ho Chi Minh Stock Exchange, the VN-Index edged up 0.32 per cent to close Monday at 1,256.75 points. The VN-Index had risen by 3.85 per cent last week. Some 699 million shares worth VND15.8 trillion (US$675.5 million) were traded on the southern exchange. The market's breadth was positive with 271 stocks climbing, of which 75 stocks hit ceiling prices, while 189 stocks declined. The index's rallies were driven by sharp gains in some large-cap stocks, especially in the banking sector. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped 0.36 per cent, to 1,276.70 points. In the VN-30 index, gainers included Sacombank (STB), HDBank (HDB), ViBank (VIB), VPBank (VPB), Techcombank (TCB) and … [Read more...] about Shares open the week higher on banking sector

The national flag carrier remains optimistic about the recovery of the market from late 2022 and in 2023. Vietnam Airlines is taking steps to issue shares, scheduled for 2023-2024, in a bid to raise funds and improve the carrier's financial situation. The airline is still struggling with Covid-19 impacts. File photo As a State-owned entity, the airline would need approval from the Government for the issuance plan. The move was revealed in the national flag carrier’s document submitted to the Ho Chi Minh Stock Exchange on measures to halt its continual losses after its stock (HVN) was placed under supervision. In 2021, Vietnam Airlines issued shares worth VND7.9 trillion (US$337.6 million) to existing shareholders and raised its registered capital to over VND22.1 trillion ($945 million). Another plan is to issue shares to the public, and therefore the Government’s stake-holding in the airline. Amid severe impacts from the Covid-19 pandemic, Vietnam … [Read more...] about Vietnam Airlines plans share issuance to raise funds

Gas supply system of PV Gas Ca Mau. PV Gas (GAS) topped the list of shares lifting the VN-Index most with a growth of 3.5 per cent. — VNA/VNS Photo Huy Hung Shares climbed for a third day this week on stronger cash flow but divergence is also expanding during the earnings season. The VN-Index on the Ho Chi Minh Stock Exchange increased 0.66 per cent to close Wednesday at 1,249.76 points, lifting its gain this week to 3.6 per cent. On the Ha Noi Stock Exchange, the HNX-Index added 0.77 per cent to close at 298.11 points. The northern market’s index has gained 3.3 per cent in the past three days. Liquidity remained positive with 877 million shares worth VND19.3 trillion (US$833 million) being traded in the two markets. Especially, trading value in HCM City’s exchange hit a 50-day high of VND17.6 trillion. “The market’s uptrend is prolonged due to the positive spread of cash flow,” said Phuong Pham, a stock analyst at Viet Dragon Securities Co in a daily report. “However, … [Read more...] about Shares climb for third day on strong cash flow

Illustrative image (Source: VNA) Sydney (VNA) – Vietnam and Australia have displayed their resolve and efforts to ease the impacts of climate change, and have potential for cooperation in this field, an expert has said. Dr. Do Nam Thang, an expert in environment and climate change at the Australian National University, noted that the two countries share the goal of net zero emissions by 2050. They also have great potential in solar and wind energy, especially offshore wind, he said, adding that Australia led worldwide in terms of solar power per capita with 1,129 kwh per person in 2021, while Vietnam took the lead in Southeast Asia with 218 kwh. The expert emphasised a joint statement on commitment to practical climate action signed by Prime Minister Pham Minh Chinh and his Australia n counterpart Scott Morrison last November. During her visit to Vietnam last June, Australian Foreign Minister Penny Wong also laid stress on the transition towards cleaner and more … [Read more...] about Vietnam, Australia share resolve in climate change response: expert

Workers at a facility of PetroVietnam Gas JSC (GAS). GAS rose 0.9 per cent yesterday. — VNA/VNS Photo Vietnamese shares rose on Tuesday as risk appetite improved amid the authorities' efforts to curb inflation, promoting economic growth. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.17 per cent to close at 1,258.85 points. The VN-Index had gained 0.32 per cent to close Monday at 1,256.75 points. Some 721.6 million shares worth VND16 trillion (US$684 million) were traded on the southern exchange. The market's breadth was positive with 270 stocks climbing, of which 12 stocks hit ceiling prices, while 193 stocks declined. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped 0.37 per cent, to 1,281.44 points. In the VN-30 index, gainers included Asia Commercial Bank (ACB), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), HDBank (HDB), Hoa Phat Group (HPG), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), Novaland (NVL), Tien Phong … [Read more...] about Shares rise on upbeat sentiment

The headquarters of Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company (HTTN) in the northern province of Thai Nguyen. — Photo HTTN State Capital Investment Corporation (SCIC) plans to sell its entire 98.84 per cent stake in its affiliate Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company (HTTN). Interested investors must register to buy the whole lot, equivalent to more than 13.9 million shares. The whole lot is valued at more than VND316.2 billion (US$13.5 million). The auction will be held at the Ha Noi Stock Exchange (HNX) on August 5. HTTN was established in 2003. The unit performs the functions and tasks of the investor and project manager for infrastructure construction projects inside Song Cong I Industrial Park assigned by Thai Nguyen Province's People's Committee. HTTN's main business and production activities are sub-leasing land, leasing and using infrastructure in Song Cong I Industrial Park, providing services … [Read more...] about SCIC to sell 13.9 million shares in Thái Nguyen Industrial Zone Infrastructure Development JSC

The headquarters of the Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company (HTTN) in the northern province of Thai Nguyen. (Photo: HTTN) Hanoi (VNS/VNA) - The State Capital Investment Corporation (SCIC) plans to sell its entire 98.84% stake in its affiliate Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company (HTTN). Interested investors must register to buy the whole lot, equivalent to more than 13.9 million shares. The whole lot is valued at more than 316.2 billion VND (13.5 million USD). The auction will be held at the Hanoi Stock Exchange (HNX) on August 5. HTTN was established in 2003. The unit performs the functions and tasks of the investor and project manager for infrastructure construction projects inside Song Cong I Industrial Park assigned by the Thai Nguyen provincial People's Committee. HTTN's main business and production activities are sub-leasing land, leasing and using infrastructure in the Song Cong I … [Read more...] about SCIC to sell 13.9 million shares in Thai Nguyen IZ Infrastructure Development JSC

An overview of the workshop (Source: daibieunhandan.vn) Hanoi (VNA) – Representatives from some foreign embassies in Hanoi shared their respective countries’ experience in developing blockchain technology at a workshop held in Hanoi on August 5. The event was held by the National Assembly’s Committee for External Relations and the Vietnam Blockchain Association with the intention of learning from international experience to complete the legal system, build institutions and policies towards creating a legal corridor for technology-related activities Vice Chairman of the NA’s Committee for External Relations Nguyen Manh Tien highlighted the great benefits from the use of the blockchain technology, the enormous potential of the technology and its wide application in many fields. Acting Deputy Ambassador of the US to Vietnam Pamnella Devolder said the US’s policy encourages innovation and investment in blockchain. She noted that digital money is one of the most popular … [Read more...] about Countries share experience in developing blockchain technology

Participants at the program called People Ask - Government Answers The Deputy Director made the state at a program called People Ask - Government Answers with the topic ‘Reform of administrative procedures in the field of administrative law in the field of administrative law" land and construction sector’ organized by the People's Council in Ho Chi Minh City in collaboration with the Television Station and the Department of Information and Communications with the participation of Nguyen Thi Le, Chairwoman of the municipal People's Council. During the program, voters posed many problems for delegates and guests. Specifically, voter Tran Viet Trung in Thu Duc City said that people who go to administrative procedures for land are looking forward to knowing how their dossiers have been handled. In fact, some state agencies make an appointment to return the land records but they didn’t write a detailed date. Meanwhile, voter Nguyen Dinh Tue from the HCMC Union of Business … [Read more...] about HCMC to digitize land records to create shared data for all districts