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In June the central bank allowed VietinBank to increase its charter capital from VND37.2 trillion (US$1.6 billion) to over VND48 trillion ($2.1 billion) by paying dividends in shares for 2020. — Photo vietnamplus.vn At least around seven billion shares issued as dividends, under employee stock ownership plans and public issuances by banks are expected to enter the stock market in the two remaining quarters of the year. They include MB and Vietinbank with nearly two billion shares. In June MB shareholders approved the 2020 dividend payout of 35 per cent in shares. Also in June the central bank allowed VietinBank to increase its charter capital from VND37.2 trillion (US$1.6 billion) to over VND48 trillion ($2.1 billion) by paying dividends in shares for 2020. SHB offered 175 million shares for sales to the public at the same time. Besides, more than 540 million shares were issued as dividends at the rate of 25 per cent by ACB, 443 million bonus shares at the rate of 40 per … [Read more...] about More bank shares to hit stock market on bonuses, public issues

The headquarters of Viet Capital Commercial Joint Stock Bank in District 3, HCM City. — Photo vnexpress.vn Saigon Bank For Industry And Trade (Saigonbank, SGB) has just announced the offering of more than 8 million shares of Viet Capital Commercial Joint Stock Bank (BVB). The announcement was released more than half a month after the previous auction was cancelled because no investors participated. Accordingly, the number of BVB shares that Saigonbank offered for sale was nearly 8.3 million, equivalent to 2.23 per cent of BVB’s capital. The deal is executed through public auction at the Ho Chi Minh Stock Exchange (HoSE), with a minimum purchase order of 100 units. Investors can start registering from July 28 to August 17 at auction agents according to regulations issued by Saigonbank. With the reserve price of VND22,800 per share, the deal is worth more than VND188 billion. In the previous auction, HoSE said that as of 4pm on July 14, the exchange’s auction system … [Read more...] about Saigonbank to sell nearly 8.3 million BVB shares

The move, if realized, would be welcome news for investors, especially those with limited financial capabilities, to buy stocks in small quantities. The Ministry of Finance (MoF) sent an urgent note to the State Securities Commission of Vietnam (SSC), the country’s stock market watchdog, requesting the minimum trading lot to once again be 10 shares from the current 100. Investor at a securities company in Hanoi. Photo: Cong Hung “The move would help ensure lawful rights for investors and the fairness of the market,” stated the MoF in the document released yesterday [July 26]. The move, if realized, would be welcome news for investors, especially those with limited financial capabilities, to buy stocks in small quantities. According to the MoF, HoSE’s new trading system, launched on July 5, has effectively solved the overload issue and subsequent interruption of trading that in the past would have occurred when there was a surge in transaction orders. “As … [Read more...] about Finance ministry urges minimum trading lot once again be 10 shares

A security guard of the Hoa Sen Group (HSG) measures the body temperature of an employee. HSG rose 2.8 per cent on Thursday. — Photo hoasengroup.vn Vietnamese shares rose for four straight days on Thursday, bolstered by a significant injection of cash flow into banking and steel stocks, pushing up indices. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 1.29 per cent to close the afternoon trade at 1,293.60 points. The southern market index has risen a total of two per cent in the last four days. The market's breadth was positive with 251 stocks increasing while 134 declined. Nearly VND16.3 trillion (US$713 million) was poured into the southern market, equivalent to a trading volume of more than 491 million shares. “After a boom in the first half of 2021, market liquidity has been falling sharply since the beginning of July, even as HoSE solved the problem of system overloading,” said news site cafef.vn. “The recent sharp decline in market liquidity may come … [Read more...] about Shares record four-day gains on bank, steel stocks

VPBank is among the most efficient commercial lenders in Vietnam. Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HSX: VPB) has just announced the results of shareholders' opinions on the bank's charter capital plan. The bank's shareholders approved the plan to increase VPBank's charter capital in 2021 by issuing shares to pay dividends, from the bank’s investment fund, and the reserve fund to supplement charter capital. Accordingly, VPBank will issue about 1.97 billion shares to existing shareholders, equivalent to 80 per cent of the bank’s outstanding shares. In which, 62.15 per cent of bonus shares are for paying dividends and 17.85 per cent are equity shares. After successful issuance, VPBank's charter capital will increase to more than VND45.06 trillion (nearly $2 billion). The bank aims to complete all procedures in the third or fourth quarter of this year. In the first half of 2021, VPBank recorded a consolidated pre-tax profit of more than VND9 trillion … [Read more...] about VPBank to issue additional shares and increase charter capital to nearly $2 billion

Customers and Vietcombank employees wearing masks during transactions. The bank shares posted the biggest losses in market capitalisation yesterday. Photo portal.vietcombank.com.vn HÀ NỘI — Shares settled lower on Wednesday as selling force overweighed bullish sentiment gathering in the previous session. Foreign investors also net sold a great value of shares. On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index fell 0.2 per cent to close on Wednesday at 1,270.79 points. The index reclaimed nearly 30 points in Tuesday's trade as investors' risk appetite returned. The trend continued in Wednesday's morning trade, then reversed course in the afternoon. The market’s breadth was still positive with 171 stocks declining, while 185 stocks climbed. Meanwhile, the liquidity was weaker as VNĐ16 trillion (over US$694 million) was poured into the market, worth a trading volume of nearly 452 million shares. The index’s reversal was mainly due to losses in … [Read more...] about Shares reverse course, foreign investors flee market