Orient Commercial Bank is expected to make debut on Ho Chi Minh Stock Exchange on January 28, offering over 1 billion shares at VND22,900 ($0.99) apiece, according to exchange filing.
Minister of Finance plans to rearrange the securities trading market in a newly-promulgated Circular, a move towards the merging two national stock exchanges into one named the Việt Nam Stock Exchange.
Vietnam’s private conglomerate Masan Group has got approval from the State Securities Commission to raise foreign ownership limit to 100%, according to a statement posted on its website.
Ticker RIC of the Royal International Corporation has surged 755 percent since January despite the company reporting losses for years.
- Finance ministry announces roadmap to reorganise stock market 1
- Masan gets approval to remove foreign ownership limit 2
- Casino operator stock skyrockets despite sustained losses 3
- Japan’s ENEOS Corp. to raise stake in Petrolimex to 11 percent 4
- VN-Index plummets over 74 points 5
- Power firm EVNGENCO 2 to auction over 580 mln shares on Feb. 8 6
Japanese energy firm ENEOS Corporation has registered to buy 25 million treasury shares of the Vietnam National Petroleum Group (Petrolimex), according to exchange filing.
Hundreds of stocks were offloaded as investors were thrown into a state of panic selling, causing the VN-Index to plunge by a historical record of 74 points Tuesday morning.
Power Generation Corp. 2, a unit of Vietnam Electricity Group, gets approval to auction over 580 million shares on February 8, according to the Ho Chi Minh City Stock Exchange.
The State Treasury of Vietnam raised nearly VND324 trillion ($14 billion) through government bond auctions in 2020, beating whole-year plan by 8 percent, according to data from the Hanoi Stock Exchange.
The number of new securities trading accounts opened by domestic individual investors surged 109 percent percent year-on-year, adding 392,527 new accounts in 2020, according to data from the Vietnam Securities Depository.
VN-Index increased by nearly 15% in 2020 and stock accounts for 84.3 percent of gross domestic product, said Finance Minister Dinh Tien Dung while opening the first trading session of stock market.
The VN-Index will continue gaining in 2021 without the turbulence seen last year, several securities firms predict.
Orient Commercial Bank has got approval to list more than 1 billion shares on the Ho Chi Minh City Stock Exchange, according to exchange filing.
Power Generation Corp. 2, known as EVNGENCO 2, a unit of Vietnam Electricity Group, has got government approval to conduct an initial public share sale, according to a posting on government website.
Petri Deryng, Portfolio Manager and Board Member of the PYN Elite Fund shared his thoughts about Vietnam's stock market.
Vn-Index could reach 1,800 points as listed companies are expected to achieve significant earning growth in 2021 and the country controlled pandemic well, said Petri Deryng, Portfolio Manager of PYN Fund Management.
Maritime Bank plans to list 1.17 billion shares on the Ho Chi Minh City Stock Exchange on December 23 at the reference price at VND15,000 ($0.64) apiece, according to exchange filing.