Hanoi-based brokerage IB Securities JSC and its shareholders decided on September 21 to become the second financial firm in Vietnam to allow foreign investors to own up to 100 percent of its company.
Hanoi-based brokerage IB Securities JSC and its shareholders decided on September 21 to become the second financial firm in Vietnam to allow foreign investors to own up to 100 percent of its company, the firm said in a statement on its website.
HCM City-based Saigon Securities Inc became the first brokerage to allow total foreign ownership early this month.
Before the shareholders meeting was organised, the company had not mentioned the limit of foreign ownership in the corporate charter.
Foreign stakes in IB were only 0.4 percent with 122,800 shares at the end of February, the last time the company published that information.
At the shareholder meeting, IB also decided to issue 35 million shares for the company's strategic investors, worth 350 billion VND (15.5 million USD) in the coming fourth quarter to raise the company's chartered capital.
The price for these shares is the company's average trading value on the stock market in the last 60 days before the company made that decision.
These shares can be discounted by 10 percent but will stay above 10,000 VND per share.
These shares will be forbidden from being transferred during the year following their issuance.
The company will sell these shares to both local and foreign investors with strong financial ability and well-known brands in order to improve the quality of the company's products and services, and make it one of the leading brokerage firms on the market.
IB will spend the income received from issuing the shares to improve the company's financial capability in order to develop its derivative products and services, following the state's decree 42 issued in May regarding the derivatives market.
According to the decree 42, any financial institutions that want to operate in the derivatives market should have at least 800 billion VND (35.5 million USD) to trade derivative securities and provide brokerage services.
🐭 After the shareholder meeting, IB on September 22 rose 5.1 percent to close at 8,200 VND per share and traded nearly 3.2 million shares. IB has gained 21 percent over the last month.-VNA
The nation's two indices continued to slide on June 26 despite the Government replacing Decree 58/2012 with Decree 60/2015, allowing foreign investors to increase their ownership to 100 percent of Vietnamese listed public companies.
The VN Index fell below 590 points on June 25, marking the third consecutive decline. Total market liquidity decreased against the previous session and traders put a strong selling pressure on blue chips.
Insurance shares continued driving the national market up, helping the VN Index approach the benchmark of 630 points on July 10. However, the index lost its growth during the last minutes as blue chips could not maintain their strong increases.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
Illustrative image (Source: Internet)
