Vice president of Ho Chi Minh Development Joint Stock Commercial Bank (HDBank) Nguyen Thi Phuong Thao said that the bank would sell 20 per cent stake worth US$300 million to foreign investors this year.
A foreign investor spent nearly VND9 trillion (roughly US$396.2 million) acquiring the entire 3.33 per cent of Vietnam Dairy Product JSC (Vinamilk)’s stakes, equaling 48.4 million shares from State Capital Investment Corporation (SCIC).
On the second day (Nov 07) being traded on the Hochiminh Stock Exchange (HOSE), Vincom Retail’s shares (VRE) hit the record of the stock market with 415 million shares worth nearly VND17 trillion (roughly US$740 million) being purchased.
VNDirect surpassed Viet Capital Securities (VCSC) on HOSE to rank the 3rd brokerage agency by market share in third quarter of 2017.
Acting Chairman of Board of Directors, Hochiminh Stock Exchange (HOSE) Le Hai Tra said that the average daily trading value can reach up to VND10,000 billion (roughly US$500 million).
The rumors that former president of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) (stock code: BID) was arrested have made the local securities market pay for a slump at the closing session on August 9, the lowest level in the past two years, equivalent to a vapor of US$1.8 billion in value losses.
Rumours of BIDV former President’s arrest was priced at the deep slump of Vietnam stock market on August 9th, which was a fall at the sharpest rate in nearly two years.
The Ministry of Finance said the stock market has grown 29% in the first six months of this year