Domestic retailers are showing strength to their foreign rivals.
Industrial park and township developer Becamex IDC will move its listing from UPCoM to the Ho Chi Minh City Stock Exchange, the country’s largest stock exchange.
UK-based Vietnam Investments Fund II registered to sell more than 42.8 million shares in Gemadept (HoSE: GMD), the remaining14.44% stake at the Vietnamese logistics firm.
A recent retreat in Vietnamese stocks has brought the market’s valuation back below its five-year average. While that’s the cheapest level in a year, tapping this opportunity is easier said than done.
- Bank of America recommends a BUY for Masan, says stock could rise 32% 1
- Vietnam’s stock market to welcome a Taiwan fund with a scale of trillions dong 2
- Number of billion-dollar public firms in 2021 TOP 50 list hits record high to 22 3
- Nova Consumer to list shares in Q2, seeks $220 mln market value 4
- Thai plastics maker Indorama to buy Vietnam bottle maker Ngoc Nghia 5
- OCB to sell 882,341 shares to Aozora Bank via private placement 6
Masan MEATLife, a subsidiary of Masan Group to list shares on the Unlisted Public Company Market with reference price at VND80.000 ($3.42) apiece on December 9th, according to Hanoi Stock Exchange.
Thai Beverage is considering an initial public offering of its brewery business in what could be the biggest listing in Singapore in close to a decade.
For the time being, the government would redefine functions and responsibilities of each stock exchange, ensure no overlapping in operations.
Around 37% of 1.7 million phones sold in Vietnam during September were feature phones, according to the latest report from market researchers GfK.
Vietnam's State Securities Commission on Tuesday fined FLCHomes Real Estate Development and Investment JSC for offering unregistered securities to the public.
The three international clothing retailers with over 2,000 stores worldwide each are competing for Vietnam market share. The arrival of international fashion brands could be a threat for local ones.
Heineken sold 5.2 million ordinary shares of Saigon Beer - Alcohol - Beverage Joint Stock Corporation (HoSE: SAB), reducing its ownership to 2.47 million shares or 0.39 percent of shares.
Months ago, Vietnamese consumers refused to buy pork since the deadly African swine fever hit local farms. Now, they are rushing to buy the meat at exorbitant prices. .
The number of companies which listed shares or are planning to list shares in 2019 remains very modest.
About 832 businesses, most of listed companies on the Vietnamese stock market, generated profits of $3.16 billion profit during the previous quarter, up 22.8 percent from a year earlier.
Clean water has become one of the most potential markets in Vietnam. However, with the participation of private sector, this field implicit risks and challenges that need to be promptly addressed.
Uniqlo considers Vietnam a key market which will help it access the Southeast Asian market. However, the strong development of Zara, H&M, Elise and Hnoss will challenge the global Japanese brand.