Week 27/05 – 31/05

cii.vn, dbc.vn, hbc.vn, hpg.vn, ita.vn, msn.vn, mwg.vn, nt2.vn, pow.vn, vcg.vn, vic.vn,


CII VN: reported receiving the transfer of more than 7.8 mn NBB shares from CEE, increasing CII’s ownership ratio to nearly 50.4 mn shares, equivalent to 50.3% of capital.

Comment: They’ve increased a stake in a … strange construction company that appears to be overleveraged.

DBC VN: Pyn Elite Fund bought 2 mn DBC shares, increasing its ownership from 15.73 mn shares (ratio 6.5%) to 17.73 mn shares (ratio 7.33%).

Comment: PYN is effectively a country fund at the moment. And they took their hit on the Vin home play…

HBC VN: won the lawsuit against Sunshine Saigon and was returned VND158 bn.

Comment: HBC needs it, that’s effectively going to double it’s equity..on paper their business is dead..

HPG VN: handed over 400 containers to strategic partner VSICO Maritime Joint Stock Company (VSICO), bringing the total number of containers handed over to this partner to 700 containers since the beginning of 2024.

ITA VN: Tan Dong Phuong Construction Investment and Development Joint Stock Company registered to buy 37,979,799 ITA shares, increasing ownership from 7.79% to 11.84% of charter capital. The transaction is expected to take place from May 27th to June 25th.

Comment: I know very little about this…appears to be a decent IE player… but look at this article I found on their website..


MSN VN: Masan Group is expected to record a one-time profit of about $40 mn from the transaction which MMC Group will buy 100% of H.C. Starck Holding (Germany) GmbH (“HCS”) from MHT for $134.5 mn.

MWG VN: recorded, in 4M2024, revenue of VND43,039 bn (+17% YoY), achieving 34% of the whole year’s revenue target. Specifically, the total revenue of The Gioi Di Dong and Dien May Xanh chains reached VND29,400 bn (+8% YoY).

Comment: Has done far better than what most people thought…but now its back to being a question of valuation..

NT2 VN: is expected to receive VND177 bn in compensation for exchange rate losses.

Comment: Wait what?

POW VN: PVI agreed to compensate about VND1,150 bn on Vung Ang technical breakdown happened in Sep 2021 including VND692 bn for machine repair, and VND454 bn for business loss.

VCG VN: plans to transfer 2 mn shares in Van Ninh to interested investors. The transaction is expected to be completed before June 20th, 2024.

VIC VN: signed a memorandum of understanding (MoU) with Mitsubishi Corporation for comprehensive strategic cooperation including urban development, data processing center development, renewable energy, cooking oil recycling and automobile industry.

VIC VN: announced the transfer of all shares held at NVY Vietnam Development Joint Stock Company (about 99.9% of NVY Vietnam’s capital). Among the transferees, VHM will participate in the above deal when acquiring 19.9% of NVY Vietnam’s capital.

Comment: Japan doing an MOU w/ Vietnam…at least VinFast isn’t going ahead w/ their supposed expansion in the US.


  • Viet Nam’s retail sales and services revenue in 5M totaled VND2.58 quadrillion (more than US$1 bn), + 8.7 % yoy, data of the General Statistics Office (GSO) showed.
  • Vietnam’s trade surplus hit USD 8.01 bn between January and May, with USD 156.77 bn in export revenue and USD148.76 bn in imports, +15.2% and 18.2% yoy, respectively.
  • In May, Vietnam imported $33.8 bn of goods (+30% YoY) and export turnover of goods was estimated at $32.8 bn (+16% YoY). For 5M2024, import turnover is estimated at $148.7 bn (+18% YoY) and goods export turnover is estimated to reach $157 bn (+15.2% YoY). Thus, in May, Vietnam’s trade deficit was about $1 bn. However, for 5M2024, Vietnam’s trade surplus is $8 bn.
  • FDI into Viet Nam during the 5M of the year has reached US$11.07 bn, a 2% increase compared to the same period in 2023, according to data from the Foreign Investment Agency under the Ministry of Planning and Investment.
  • The World Bank has proposed lending Vietnam over US$11 bn in the next five years to fund major projects, especially large-scale infrastructure, energy and agriculture.
  • Statistics from Việt Nam Customs show that pangasius export turnover in 5M of this year is estimated at US$725 mn, + 2 % yoy.
  • Vietnam raked in roughly US$302 mn from exporting tuna during the past four months of the year, up 22% on-year with exports of processed and canned tuna witnessing an upturn, according to statistics released by the General Department of Vietnam Customs
  • HCMC had disbursed over VND6.55 tn of public investment capital as of mid-May, reaching just 8.3% of its 2024 plan, according to official statistics.
  • Real estate loans in HCMC have surged ahead of overall credit growth in the first four months of 2024, indicating a positive trend in the market, said Nguyen Duc Lenh, deputy director of the HCMC branch of the State Bank of Vietnam (SBV).
  • The Mekong Delta province of Ca Mau plans to invest VND20 tn to develop its shrimp industry, aiming to increase export revenue to US$1.4 bn by 2025 and US$1.65 bn by 2030.
  • Vietnam became the top Southeast Asian destination for South Korean visitors in April,  according to data from South Korea’s Ministry of Land, Infrastructure and Transport.

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