VietNamNet Bridge - Most of them were born into rich families, inheriting huge fortunes from their parents. Many of them hold important positions in businesses, though they are still very young. Holding more than 2 million TNA shares, or 25.49 percent of the charter capital, Thao Nguyen is now the biggest shareholder in Thien Nam. Meanwhile, her parents, Nguyen Quang Hoa and Tran Thi Dan Thanh, hold 1.9 million shares, or 23.91 percent of the company’s charter capital. Most of them were born into rich families, inheriting huge fortunes from their parents. Many of them hold important positions in businesses, though they are still very young. Thao Nguyen is now the youngest face among the richest stock millionaires. Born in 1991, Dang Nguyen Quynh Anh, the daughter of Dang Thanh Tam, president and CEO of the Kinh Bac Urban Development Company (KBC) began attracting special attention from the public in March 2015, when she tried to collect 10 million KBC shares. It was estimated … [Read more...] about The youngest female dollar multi-millionaires on the stock market
New companies on the stock market
VietNamNet Bridge – The newly released Circular No 36, which limits commercial banks’ lending to fund securities investments, thereby blocking capital flow into the stock market, could lead to a collapse of the market, some believe. Thoi Bao Kinh Te Vietnam quoted its sources as saying that policymakers have met again to reconsider Circular No 36 just released by the State Bank. The State Bank has never before incurred such pressure after issuing new regulations. The Vietnamese stock market unexpectedly saw sharp declines in the second half of December 2014, when foreign investors sold more than they bought, while securities companies were hesitant in their trading activities. Some analysts blamed the sharp fall on Circular No 36, which they believe has blocked capital flow to the market. An analyst commented that the stock market now does not have the "leverage" to grow, because banks have cut capital to securities investors who want to make investments. He went … [Read more...] about Will new regulations stall the stock market?
Chang Yih has the chartered capital of VND 90.47 billion and was the fourth 'then-FDI' enterprise to join the stock market. As there was not much information of CYC available before its listing, the 1.99 million CYC shares (VND 19.9 billion in par value) were not priced highly by investors. From now on, the construction material sector has a representative in ceramics industry on the listed market, adding to the already listed enterprises of cement, concrete, mechanics, packing, plastic pipeline, brick, and cable industries... In the next few days, another enterprise in the same industry - the Thanh Thanh Ceramics Joint-stock Company will follow Chang Yih to go public. Despite being supplied by several new listings, the market cannot buck its downward trend as stocks fell hard in July 31 trading session. 41 out of 44 stocks slid, causing the VN-Index to drop 17.16 points to 422.41 points at closing. The main factor behind the fall of the whole market was the drop of STB stock of … [Read more...] about Ceramics Company Joins the Stock Market
It is not the ‘fashion’ but it is no longer unusual for rich men on the Vietnamese stock market to own a football club. Ranking 14th in the top 100 rich people on the stock exchange, Vice Chair of the Asia Commercial Bank (ACB) Nguyen Duc Kien is the owner of the Hanoi ACB FC. Kien is also the football boss that attracted public attention the most in 2011. Without big changes in business, Kien’s assets based on securities reduced by 5 percent, to nearly VND760 billion ($36.1 million), mainly due to the reduction of ACB share price. However, this fall is unremarkable compared to the common reduction of the stock market so Kien still moved forward by 9 grades to be the 14th rich man on the stock market. Before the V-League 2011 closing ceremony, Kien was not as famous as Doan Nguyen Duc of Hoang Anh Gia Lai FC or Vo Quoc Thang of Dong Tam Long An FC. However, with the speech that directly criticized the Vietnam Football Federation (VFF), Kien is considered the … [Read more...] about Football bosses on the stock market
Both investors and listed companies have experienced a very difficult year 2011. The Club of Securities Journalists has announced the 10 most outstanding events of the stock market as follows. On December 15, the HNX Index of the Hanoi bourse dropped to the deepest low in the history to 58.04 points. The capital mobilized from issuing more shares, auctioning shares in equitization has reached 17.5 trillion dong, equal to 22 percent of that of 2010. Meanwhile, the capital raised from the government bond issuance has reached 73.7 trillion dong, or 2.6 times higher than that of 2010. 71 securities companies have reportedly incurred accumulative losses. The market capitalization value has dropped to 20 percent of GDP. 2. The plan on restructuring stock market kicked off The State Securities Commission (SSC) on February 24, stated at the conference discussing the implementation of the stock market development task in 2012 that Vietnam will step by step restructure the stock … [Read more...] about The stock market in 2011: sadness goes abreast hope