Many banks accelerate plans to list shares on HoSE
The trend of moving to HoSE is expected to help banks improve transparency, expand fundraising opportunities, and affirm their position in the capital market.
A VietABank transaction office. HoSE has approved VietABank’s listing of nearly 540 million VAB shares. (Photo: VietABank)
Hanoi (VNS/VNA) - The Ho Chi Minh City Stock Exchange (HoSE) has just approved the listing of nearly 540 million shares of Vietnam Asia Commercial Joint Stock Bank (VietABank, ticker VAB), equivalent to a charter capital of approximately 5.4 trillion VND (207 million USD), making it the 19th bank to be present on the country’s largest bourse.
VAB shares have been trading on UpCOM since July 2021 and closed on June 27, 2025, at 15,200 VND, representing an increase of 63% since the start of the year.
According to VietABank’s leadership, the listing aims to enhance the bank’s brand and reputation, create favourable conditions to attract investment capital, and expand cooperation with international strategic investors.
Earlier this year, over one billion shares of Nam A Bank (NAB) also officially began trading on HoSE after moving from UpCOM, raising the total value of the bank’s listed securities to more than 10.58 trillion VND.
Not only VietABank but many other banks are also accelerating plans to “move house” to HoSE.
At its 2025 annual general meeting, Kien Long Commercial Joint Stock Bank (KLB) authorised the Board of Directors to select a suitable time to complete the listing in the fourth quarter of this year, after postponing the plan in early 2023 due to unfavourable market conditions.
Viet Capital Commercial Joint Stock Bank (BVB) has also approved a listing plan after deferring it from 2024. VietBank stated that it already meets the listing requirements but will carefully consider market timing, potentially moving the plan to 2026 amid volatility caused by US tariff policies.
In addition, Saigon Bank For Industry And Trade (SGB) has signed an advisory contract to prepare 🧸to shift its shares from UpCOM to HoSE or HNX./.
From July 1, several previously VAT-exempt brokerage services are subject to a 10% VAT rate, prompting firms to revise their service charges accordingly.
The Ministry of Finance (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.
As many as 40 enterprises with capitalisation of over 1 billion USD each had been listed on the Ho Chi Minh Stock Exchange (HoSE) by the end of 2024, the bourse has announced.
Da Nang has forged partnerships with more than 22 Japanese localities, and Japan remains its top foreign investor, with 1.14 billion USD committed across 261 projects.
PepsiCo, the world’s second largest food and beverage company, has invested about 1 billion USD and now runs seven manufacturing plants and eight distribution centres in Vietnam, employing more than 15,000 locals.
Deputy PM Nguyen Chi Dung welcomed Erex’s efforts to bring biomass power technology to Vietnam, emphasising that its ongoing projects will make a positive contribution to the country’s energy sector and further deepen the cooperation between Vietnam and Japan.
The resolution also aims to create an attractive environment for investment in the financial service sector to promote investment attraction and the free movement of international capital between the International Financial Centre and the world; develop the stock and insurance markets, banking activities, fintech, digital assets, commodities, and e-commerce in Vietnam and integrate with international markets.
The same morning, he attended the Vietnam – Spain Business Foum where various cooperation initiatives from both nations were highlighted, including those in green transition, high-quality human resources training, supply chain development and Vietnam House Logistics Centre establishment.
Vietnam is a key partner for Bulgaria in Southeast Asia, with potential for future joint work in IT, innovation, green transition, digital transformation, high-tech agriculture, and pharmaceuticals.
The US has long been one of Vietnam’s top export markets, yet it remains highly regulated, with stringent technical standards, tariffs, and import procedures. The seminar will address key challenges faced by Vietnamese exporters, focusing on consumer trends, technical regulations, rules of origin, import duties, logistics, and cross-border e-commerce.
According to the Ministry of Industry and Trade, Brazil has long been Vietnam’s leading trade partner in Latin America. Since the establishment of diplomatic relations in 1989, two-way trade has shown impressive growth.
The significant increase in frozen durian exports is attributed in part to favourable market-opening policies, particularly the export protocol signed with China in August 2024. The ministry’s guidance and local authorities’ efforts in deep processing and market diversification have enabled businesses to reduce reliance on fresh durian exports and seize new export opportunities.
Petrovietnam’s production highlights in the first half of this year included 4.82 million tonnes of crude oil extracted; 2.99 billion cu.m of natural gas; 16.65 billion kWh of electricity, up 8% year-on-year; 950,200 tonnes of urea fertiliser; and 3.78 million tonnes of refined petroleum (excluding the Nghi Son Refinery), up 26.8%.
The company’s total revenue topped 69.36 trillion VND (approximately 2.64 billion USD), up 22% against the target while pre-tax profit is estimated at 800 billion VND, a whopping 93% higher than the H1 target.
The Momentum is specifically designed for international maritime operations and is capable of docking at deep-water ports such as Dung Quat - one of Hoa Phat’s key transshipment hubs, which handles the majority of raw material imports for its steel plants.
As challenges are on the horizon, the Government outlined several missions and measures for the final six months of the year, including closely monitoring the operations of two-tier local government model, implementing regulations on decentralisation and authority distribution to provide timely guidance and resolve local bottlenecks, ensuring smooth settlement of administrative procedures.
Since its launch in 2019, the Tetra Pak plant in Ho Chi Minh City has employed more than 350 workers and is among the first factories in Vietnam to receive LEED Version 4 Gold Certification, a global benchmark for green building standards
The Osaka–Da Nang route will operate four times a week on Mondays, Thursdays, Fridays, and Sundays, adding to the existing daily Narita–Da Nang service, bringing the total number of weekly flights from Japan to Da Nang to 11.
Aquatic exports last month inched up just 4% from a year earlier to 876 million USD, a steep drop from May’s 20% surge, marking the weakest monthly gain in the first half.
