A Thanh Thanh Cong Bien Haa JSC factory. (Photo: congthuong.vn)
Hanoi (VNS/VNA) — Dozens of companiesare racing to buy back shares to stabilise prices amid the COVID-19 outbreak.
“Companies buying back shares at this time might helpreassure shareholders,” said Phan Dung Khanh, investment director of MaybankKim Eng Securities.
Companies buying their own stocks reduce the total amount ofshares on the market, leading to a rise in earnings per share that boosts stockprices.
“To help companies repurchase their shares faster, the StateSecurities Commission has shortened the process from seven days to just one,”said Tran Van Dung, Chairman of the State Securities Commission.
Tran VuMinh, son of Tran Dinh Long, Chairman of steel giant HoaPhat Group (HPG), bought back 20 million HPG shares between March 17 to April16.
HPG is trading at 18,600 VND per share.
Nguyen Thi Mai Thanh, Chairwoman and CEO of the RefrigerationElectrical Engineering JSC (REE), bought 15 million REE shares between March 18to April 17.
The chairwoman is expected to spend over 450 billion VND onREE, that is priced at 29,800 VND per share.
Thanh’s ownership in the company will increase to 12.2percent, equivalent to 37.7 million shares, when the transaction is completedby April 17.
A major shareholder in REE, Platinum Victory Pte Ltd, alsoregistered to buy more than 3 million shares between March 19 and April 17.
Bui Thanh Nhon, chairman of real estate developer NovalandInvestment Group (NVL), has registered to buy five million shares between nowand April 18 at a cost of 255 billion VND.
After the transaction, he will hold 206 million shares in thecompany, equivalent to 21.25 percent of the capital.
On the stock market, NVL is priced at 51,000 VND per share.
𓄧 The board of directors at Sai Gon Thuong Tin Real Estate JSC(SCR) will buy back five million shares at a cost of 22 billion VND beforeApril 17.
Masan Consumer Holdings Ltd bought 1.3 million shares ofMasan Consumer Corporation (MCH) between March 17 to March 31 at a price of 58,000VND per share.
Tien Phong Joint Stock Commercial Bank (TPBank) alsoregistered to buy 10 million shares before April 18 at a cost of 200 billion VND.
꧒ The PAN Group has announced a plan to buy back 21.6 millionshares worth nearly 370 billion VND./.
Brokerages on national stock exchanges will be rated according to new criteria offering greater transparency, under a draft classification produced by the Ministry of Finance (MoF) and the State Securities Commission (SSC).
Foreign investors bought more Vietnamese stocks than they sold in January, snapping a month-long streak as net buyers after offloading shares in the last five months of 2019.
The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
A Thanh Thanh Cong Bien Haa JSC factory. (Photo: congthuong.vn) 
