Vinhomes' VND 194 trillion Cam Ranh figure now includes land
Corporate Analysis

Vinhomes' VND 194 trillion Cam Ranh figure now includes land

The total investment for Vinhomes' Cam Ranh Bay project has been raised to approximately VND 194,000 billion, about 2.3 times the previous figure. The gap is not simply a cost overrun: the new number adds land-related financial obligations that the old one left out.

Minh Quan·
HDBank's 30% stock payout: Your account dips, no money lost
Investor Guide

HDBank's 30% stock payout: Your account dips, no money lost

HDBank closes its shareholder list on October 12: every 100 HDB shares receive 30 new shares and no cash dividend. More than VND 12,500 billion of profit stays inside the bank to fund lending.

Mai Linh·
Foreign selling in September: nearly 99% hit three stocks
Market Beat

Foreign selling in September: nearly 99% hit three stocks

Foreign investors were net sellers of VND 4,848.5 billion on HoSE in September, almost triple August. Broken down by ticker, nearly all of it sits in VHM, VIC and VPB.

Minh Quan·
HNX stocks move to HoSE: four days with no trading
Investor Guide

HNX stocks move to HoSE: four days with no trading

Buy a Hanoi-listed stock on December 22 or 23 and the earliest you can sell it is December 28, by which time it will be trading on HoSE under different rules.

Mai Linh·
BIDV puts Ba Huan debt up for sale, eggs and hens included
Risk Watch

BIDV puts Ba Huan debt up for sale, eggs and hens included

Ba Huan's roughly VND 624.85 billion debt is secured by over 42 hectares of land, an egg plant and live inventory. Which assets actually carry the value, and what BIDV has yet to disclose.

Duc Tri·
Aqua City: 7 of 8 zones owe no extra land-use fees
Corporate Analysis

Aqua City: 7 of 8 zones owe no extra land-use fees

Eight land price decisions issued on September 28 and 29 have filled in the land-use fee unknown across most of Aqua City. Signing sale contracts and handing over homes still depend on releasing bank-pledged certificates and on the figure for the eighth zone.

Phuong Nam·
PNJ seeks a private placement larger than its share count
Corporate Analysis

PNJ seeks a private placement larger than its share count

PNJ wants approval to sell up to 550 million shares privately, more than it currently has outstanding. The 51.8% figure is only the ceiling. How much existing shareholders keep will depend on the offer price.

Minh Quan·
Hodeco CEO registers negotiated sale of 500,000 HDC shares
Corporate Analysis

Hodeco CEO registers negotiated sale of 500,000 HDC shares

The 500,000 HDC shares registered for sale by Hodeco's CEO will never sit in the order book. For shareholders, the bigger question is when the VND 1,050 billion Seavillage deal gets a buyer.

Minh Quan·
Vietnam's draft AML rule rates banks, not VIP clients
Macro Insights

Vietnam's draft AML rule rates banks, not VIP clients

The State Bank of Vietnam's draft anti-money laundering supervision circular does mention VIP customers, but according to the SBV's response on September 29, they appear only as counts. The party being risk-rated, and inspected more or less often as a result, is the bank itself.

Phuong Nam·
Long Thanh sets USD 25 per international passenger, USD 5 above Tan Son Nhat
Corporate Analysis

Long Thanh sets USD 25 per international passenger, USD 5 above Tan Son Nhat

Vietnam's Ministry of Construction has set the passenger service charge at Long Thanh for tickets issued from October 1. International travellers pay USD 25, but for ACV the number that matters is the USD 5 gap, not the full charge.

Phuong Nam·
Broker IPOs underwater: priced at the liquidity peak
Corporate Analysis

Broker IPOs underwater: priced at the liquidity peak

TCX, VPX, VCK and LPS all trade below their offer prices even though the VN-Index sits higher than on any of their listing days. The data points less at the companies than at when they were priced: the top of the liquidity cycle.

Minh Quan·
Oil and gas Q3 profit forecasts: check the Q2 column too
Corporate Analysis

Oil and gas Q3 profit forecasts: check the Q2 column too

MBS expects all six Vietnamese oil and gas companies to post higher Q3 profit than a year ago. The same forecast shows five of them earning less than in Q2, one by nearly two-thirds.

Minh Quan·