Latest news with #HanoiStockExchange
Yahoo
11-07-2025
- Automotive
- Yahoo
VinFast issues new bonds worth US96m
Vietnamese battery electric vehicle (BEV) manufacturer, VinFast Auto, announced it successfully issued VNĐ 2.5 trillion (US$ 96 million) in bonds through its VIF12502 bond series, as the automaker continues to strengthen its presence in global markets. The Hanoi Stock Exchange (HNX) confirmed that the company recently issued a total of 25,000 bonds, each with a face value of VNĐ 100 million, strengthening the company's balance sheet as it prioritizes expanding in markets in Asia in the short term. The non-convertible bonds mature on 30th June 2028 and were issued by a payment guarantee backed by parent company VinGroup's assets. In May of this year, VinFast repurchased just over VNĐ 2 trillion worth of three-year bonds from previous issuances, which carried an annual interest rate of 9.3% and were due to mature at the end of that month. VinFast reported a net loss of VNĐ 31.9 trillion in 2024, which widened significantly from the VNĐ 18.3 trillion loss it reported in 2023, as the company brought new products to market, built a new plant in Vietnam, and continued to expand its presence in Asia. The automaker's cumulative losses stood at almost VNĐ 130 trillion at the end of 2024, while total liabilities exceeded VNĐ 202 trillion, according to local reports. "VinFast issues new bonds worth US96m" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Recorder
09-07-2025
- Business
- Business Recorder
Vietnam raises $42.5mn in govt bond auction, lowest since March 26
HANOI: Vietnam's State Treasury raised 1.11 trillion dong ($42.5 million) in a weekly government bond auction on Wednesday, the lowest volume since March 26 and down from the $91.7 million raised last week. The uptake was also lower, with 11% of the bonds on offer sold, compared with 24% at last week's auction, according to a Hanoi Stock Exchange filing. The auction took total government bond sales so far this year to 193 trillion dong ($7.38 billion), according to exchange data. Vietnam uses the proceeds from bond sales mainly to fund its public investments, one of the key drivers of economic growth. It aims to raise 500 trillion dong this year. At Wednesday's auction, the treasury sold 611 billion dong out of 6 trillion dong of the 10-year bonds on offer, at a coupon of 3.21%. It also sold 500 billion dong out of 2 trillion dong of the 15-year bonds on offer, at a coupon of 3.35%. It failed to offload any of the 1 trillion dong of 5-year bonds or the 1 trillion dong of 30-year bonds. On the corporate side, Vietnamese companies have raised 258.7 trillion dong via bonds this year up to July 4, according to bond market association data. The value of corporate bonds maturing in the remainder of 2025 is 128 trillion dong, 54.2% of which are in the real estate sector and 25.9% in the banking sector, the data showed.
Business Recorder
25-06-2025
- Business
- Business Recorder
Vietnam raises $532 million in government bond auction, highest since March 19
HANOI: Vietnam's State Treasury raised 13.9 trillion dong ($532 million) in a weekly government bond auction on Wednesday, the highest volume since March 19 and up from the $385 million raised last week. The uptake was lower, with 80% of the bonds on offer sold, compared with 84% at last week's auction, according to a Hanoi Stock Exchange filing. The auction took total government bond sales so far this year to 189.4 trillion dong ($7.25 billion), according to exchange data. Vietnam raises $322 million in government bond auction Vietnam uses the proceeds from bond sales mainly to fund its public investments, one of the key drivers of economic growth. It aims to raise 500 trillion dong this year. At Wednesday's auction, the treasury sold 3.8 trillion dong out of 4 trillion dong of the 5-year bonds on offer, at a coupon of 2.59%. It also sold 10.04 trillion dong out of 11 trillion dong of the 10-year bonds on offer, at a coupon of 3.18%. The coupons for the bonds were the highest this year. It failed to offload any of the 2 trillion dong of 15-year bonds, while managing to sell only 73 billion dong out of the 500 billion dong of 30-year bonds on offer at a coupon of 3.4%. On the corporate side, Vietnamese companies have raised 172 trillion dong via bonds this year up to June 20, according to bond market association data. The value of corporate bonds maturing in the remainder of 2025 is 143.3 trillion dong, 51.5% of which are in the real estate sector and 28.0% in the banking sector.
The Star
22-05-2025
- Business
- The Star
Tariffs remain a key factor swaying markets
New order: Motorcyclists pass the Hanoi Stock Exchange. Vietnam's proactive negotiation stance with Washington positions it favourably in the evolving trade landscape. — AFP HANOI: As global trade tensions subside, stock markets, including Vietnam's, are seeing a positive response. Recent developments in tariff negotiations, especially between the United States and major trading partners, are playing a crucial role in shaping market dynamics. Ongoing trade discussions have shown encouraging progress, highlighted by a significant agreement between the United States and the United Kingdom, the first since the US administration implemented reciprocal tariffs earlier this year. These negotiations have alleviated trade tensions and sparked a notable increase in foreign investment. Data from Bloomberg showed that global funds have purchased a net US$9.64bil in stocks across emerging Asian markets, excluding China, over the past three weeks, marking the longest streak of inflows since March 2024. In Vietnam, the stock market reflects this renewed optimism. The Ho Chí Minh City Stock Exchange reported trading liquidity exceeding US$1bil on May 14, with the VN-Index surpassing the 1,300-point threshold. Tyler Nguyen Manh Dung, chief market strategist at Ho Chí Minh City Securities Corp, identified three critical factors driving this recovery: valuation adjustments, easing tariff fears and stability in key export sectors. Following a period of sell-offs, stock valuations have become increasingly attractive, with price per earning ratios now below the five-year average, prompting investors to reconsider market entry. Meanwhile, as concerns over tariffs diminish, investor anxiety regarding potential price hikes on Vietnamese exports has lessened. Vietnam's proactive negotiation stance with the United States positions it favourably in the evolving trade landscape. He added that industries such as seafood, textiles and timber, vital to Vietnam's export economy, are expected to remain largely unaffected by US tariffs, bolstering investor confidence in related equities. After a period of panic selling, foreign investors have returned to net buying, driven by the rising prices of major stock groups such as banks. In the first half of May, the net buying value by foreign investors exceeded 4.2 trillion dong. Despite the positive market trends, tariffs continue to be a significant concern. Bui Nguyen Khoa, deputy director of the BIDV Securities Analysis Centre, noted that while the risk of a US economic downturn appears to have diminished, upcoming negotiations will present challenges. The US government maintains a firm stance on certain sectors, particularly pharmaceuticals and semiconductors, suggesting that tariffs will remain a strategic tool for domestic manufacturing incentives. Nguyen Thi My Lien, chief analyst at Phu Hung Securities, emphasised that the baseline tariff of 10% imposed by the United States is likely to persist, creating ongoing pressure on global economic growth. In light of these evolving conditions, investors are urged to reassess their portfolios. Khoa recommends increasing exposure to sectors less impacted by tariff policies, such as banking and infrastructure, while also considering cash positions as the VN-Index approaches short-term resistance levels between 1,320 and 1,340 points. Lien anticipates that the market will shift toward a phase of informed assessment rather than fear, highlighting opportunities in domestically focused sectors that are less reliant on international trade. — Viet Nam News/ANN
The Star
09-05-2025
- Business
- The Star
Stock market upgrade expected by September
Regulatory push: A man walks past the Hanoi Stock Exchange. The government's determination to elevate the country's stock market is evident, with clear political will demonstrated in various regulatory meetings. — Reuters HANOI: Vietnam's stock market is on the brink of a significant transformation, with expectations mounting for an upgrade to emerging market status by September. This ambitious goal was emphasised at the regular government press conference on Tuesday by Deputy Finance Minister Tran Quoc Phuong, who noted that the government is committed to achieving this milestone through a series of strategic initiatives. The Finance Ministry (MoF) is actively implementing a comprehensive plan to enhance market capabilities and meet the stringent criteria set by international rating agencies such as FTSE Russell and MSCI. While Vietnam has largely satisfied the necessary technical criteria, challenges remain in gaining the confidence of foreign investors and ensuring a transparent and accessible investment environment. 'However, this is merely a necessary condition. 'The sufficient condition hinges on the remaining processes and foreign investors' assessments of investment activities within the Vietnamese stock market,' Phuong said. To address these challenges, the ministry has outlined six major strategic actions aimed at bolstering investor trust and facilitating the upgrade process. Key among these initiatives is the effective deployment of the KRX system, a new technology platform designed to improve trading efficiency and risk management for foreign investors. This system introduces advanced features for transaction processing and payment, streamlining the investment process. Additionally, recent regulatory changes have removed significant barriers by allowing foreign institutional investors to place buy orders without requiring full upfront funds. This reform is anticipated to enhance investment fluidity and attract more foreign capital. The MoF is also reviewing and amending Decree 155 to clarify the timelines for public companies to report their foreign ownership limits, thereby increasing transparency for market participants. Simplifying the procedures for opening indirect investment accounts is another focus, with the ministry collaborating with the State Bank of Vietnam to facilitate foreign capital inflows. Furthermore, the introduction of omnibus trading accounts for foreign funds is set to simplify transaction processes, allowing fund managers to execute trades on behalf of multiple portfolios simultaneously. This innovation aims to enhance operational efficiency for foreign institutional investors. In addition to regulatory reforms, the ministry is focused on increasing the supply of financial products and improving the listing process for companies after their initial public offerings. Developing new investment indices will also provide more benchmarks for fund managers, further enriching the investment landscape. To ensure ongoing dialogue between regulators and market participants, a policy dialogue group will be established, comprising representatives from the State Securities Commission, investment funds, and securities firms. This group will facilitate timely discussions on market needs and regulatory responses, a step many experts believe is crucial to making policy more responsive. Despite the progress made, Vietnam's path to achieving emerging market status is fraught with challenges. FTSE Russell's recent report classified Vietnam as a frontier market, citing concerns about payment systems and market accessibility. However, the introduction of non-pre-funding models for foreign investors has been recognised as a positive development, indicating that improvements are underway. The government's determination to elevate Vietnam's stock market is evident, with clear political will demonstrated in various regulatory meetings. As the September deadline approaches, the financial community is hopeful that these efforts will culminate in a successful upgrade, positioning Vietnam as a premier investment destination in the region. — Viet Nam News/ANN
