Since early February the ASEAN Deep Value Fund has been acquiring more shares of Hong Ha Vietnam Joint Stock Company (PHH) and Thanh Nam Investment and Construction Joint Stock Company (CSC).
Hanoi (VNA) - Since early February the ASEAN Deep Value Fund has been a🌱cquiring more shares of Hong Ha Vietnam Joint Stock Company (PHH) and Thanh Nam Investment and Construction Joint Stock Company (CSC). It now owns 10.9 percent and 13.9 percent of the businesses.
Also during this period America LLC increased its holdings in Ha Dong Urban Environment Joint Stock Company (MTH) and PetroVietnam Power Service Joint Stock Company (PPS) to 5.9 percent and 7.1 percent respectively by buying steadily.
Meanwhile, Cambodia-based Calavi International Investment owns 22 percent of VECO1 Electricity Construction Joint Stock Company (VE1).
FCN PYN Elite Fund (Non-Ucits) recently bought 287,860 shares of FECON to increase its holding in this company from 6.42 percent to 7.05 percent.
Andbanc Investments SIF has registered to buy 700,000 shares of Vietnam Fumigation Joint Stock Company (VFG) between February 19 and March 19. If the deal is successful, the fund will own 3.98 percent of VFG.
Interestingly, most of them are small- or mid-cap companies.
Analysts say foreign funds have been in a race to buy small- and mid-cap stocks since mid-2015 when many such shares were more volatile and liquid than many large-cap stocks.
Explaining the trend, securities analysts say foreign investors usually prefer stocks that have good potential rather than just large market caps.
Most of the businesses they have recently bought into have good business prospects.
Many small- and mid-sized stocks saw their prices rise by 50-150 percent last year.
PHH, for instance rose 2.5 times between March 31 and July, and VE1 by 57 percent.
Some analysts say small-cap stocks are often investors' favourites especially when the big caps like banks and property firms become less attractive and when there is little macro information to move the market.
Others say small- and mid-cap stocks are attractive to foreign investors because they are likely to have more opportunities to develop in future.
This is because many free trade agreements, specially the TPP, have already been signed by Vietnam, and this will help speed up reform making many domestic firms more capable of competing when the competition arrives.
They also say large caps have become less attractive to foreign investors since many are grappling with problems like bad debts in case of banks and a resource crunch in case of others.
These problems are expected to worsen in future because the State Bank of Vietnam plans to tighten lending to the real estate sector to preclude bad debts and check the huge credit flows into the property sector.-VNA
The net sale of shares worth 1.25 trillion VND (56.2 million USD) by foreign investors in January contributed significantly to the decline of the stock market last month.
Several foreign businesses are attentive to recent developments and want to shift their investments into Vietnam as they see big opportunities of big Trans-Pacific Partnership (TPP).
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.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Illustrative image (Source: VNA)
