More than 60.3 million shares of furniture manufacturing firm Dai Chau Group (DCS) will be forced to stop trading on the HNX from May 24 after auditors refused to express an opinion on the company’s 2018 financial statement.— Photo vneconomy The Ha Noi Stock Exchange (HNX) has issued a decision to cancel the listing of a number of companies in May and June. More than 60.3 million shares of furniture manufacturing firm Dai Chau Group (DCS) will be forced to stop trading on the HNX from May 24 after auditors refused to express an opinion on the company’s 2018 financial statement. Dai Chau reported revenue of VND56.4 billion in 2018, equivalent to 38 per cent of the previous year’s figure, while it incurred losses of VND1 billion, down substantially from the VND2.7 billion loss in 2017. However, Nhan Tam Viet Auditing Co Ltd said it could not gather solid information to prove the company’s grounds for setting up a provision for devaluing long-term securities … [Read more...] about Ha Noi Stock Exchange delists companies
Ha noi stock exchange
Ha Noi Stock Exchange sets sights on modest profit of $13.2m in 2019
The Ha Noi Stock Exchange (HNX) eyes VND308 billion (US$13.2 million) in pre-tax profit in 2019, up 0.3 per cent year on year, and VND594.3 billion in total revenue, up 5.66 per cent year on year. — Photo cafef.vn The Ha Noi Stock Exchange (HNX) eyes VND308 billion (US$13.2 million) in pre-tax profit in 2019, up 0.3 per cent year on year, and VND594.3 billion in total revenue, up 5.66 per cent year on year. The northern securities market regulator also plans to pay VND61.6 billion to the State budget, slightly lower than the figure of VND62.4 billion in 2018. In addition, the bourse will increase its budget for research and development to VND76.2 billion in 2019, from 2018s figure of VND10.5 billion. In the draft plan HNX submitted to the Ministry of Finance for approval, the northern bourse will enhance its supervision of information disclosure on companies that trade shares on the stock market. The HNX will also revise and complete the framework on monitoring stocks, … [Read more...] about Ha Noi Stock Exchange sets sights on modest profit of $13.2m in 2019
Hanoi Stock Exchange has new deputy chairperson
The Ministry of Finance on Thursday appointed Nguyen Nhu Quynh, member of the board of directors at the Ha Noi Stock Exchange, as the new deputy chairperson of the northern market bourse. Deputy finance minister Huynh Quang Hai (right) gave the ministry’s decision to appoint Nguyen Nhu Quynh, member of the board of directors at the Ha Noi Stock Exchange as the bourse’s new chairperson. — Photo tapchitaichinh.vn The 43-year-old will replace the exchange’s deputy chairperson Nguyen Thi Hoang Lan on March 1. The new deputy general director of the northern market bourse graduated from economic and financial programmes at Kobe University and Hitotsubashi University in Japan. He worked at the finance ministry for 19 years before taking a place on the market regulator’s board of directors in July 2018. Lan worked at the Ha Noi Stock Exchange for 12 years after spending 20 years working for other organisations such as the State Bank of Viet Nam and the State … [Read more...] about Hanoi Stock Exchange has new deputy chairperson
Hà Nội Stock Exchange has new deputy chairperson
Deputy finance minister Huỳnh Quang Hải (right) gave the ministry’s decision to appoint Nguyễn Như Quỳnh, member of the board of directors at the Hà Nội Stock Exchange as the bourse’s new chairperson. — Photo tapchitaichinh.vnViet Nam News HÀ NỘI — The Ministry of Finance on Thursday appointed Nguyễn Như Quỳnh, member of the board of directors at the Hà Nội Stock Exchange, as the new deputy chairperson of the northern market bourse. The 43-year-old will replace the exchange’s deputy chairperson Nguyễn Thị Hoàng Lan on March 1. The new deputy general director of the northern market bourse graduated from economic and financial programmes at Kobe University and Hitotsubashi University in Japan. He worked at the finance ministry for 19 years before taking a place on the market regulator’s board of directors in July 2018. Lan worked at the Hà … [Read more...] about Hà Nội Stock Exchange has new deputy chairperson
Vietnam Stock Exchange to be established
According to the project, Vietnam Stock Exchange whose charter capital is VND3 trillion will operate under the model of a wholly state-owned enterprise with the Ministry of Finance representing for the owner of State capital. In the first stage from 2019 to 2020, operation of the two existing stock exchanges Ha Noi and Ho Chi Minh City will continued to be maintained. At the same time, organization of Hanoi and Ho Chi Minh City stock exchanges will be restructured and organization of Vietnam Stock Exchange will be unified. In the second stage from 2020 to 2023, information technology system will be put into operation on Ha Noi Stock Exchange and Ho Chi Minh City Stock Exchange, on this basis, market segmentation will be implemented. Solution for equitization of Vietnam Stock Exchange will be built for implementation after 2023. By Ha My – Translated by Thuy Doan Tags: Vietnam Stock Exchange Prime Minister Nguyen Xuan Phuc Ho Chi Minh City Stock Exchange … [Read more...] about Vietnam Stock Exchange to be established
Hanoi Stock Exchange improves operation
The Ha Noi Stock exchange (HNX) has improved its share, bond and derivatives markets considerably in 2018 and will continue to enhance the markets’ operation next year. This year, HNX’s stock market saw increases in both scale and liquidity. — Photo tinnhanhchungkhoan.vn This year, HNX’s stock market saw increases in both scale and liquidity. As of December 15, HNX had approved the listing of seven firms with a registration value of more than VND1 trillion (US$8.1 million). Currently there are 374 firms listing on the northern exchange with market capitalisation of nearly VND190 trillion. Average trading value reached VND788 billion per session, up 28 per cent year-on-year. On the Unlisted Public Company Market (UPCoM), the number of listing firms and capitalisation value soared. As of December 12, there were 803 firms listing on the UPCoM with capitalisation value of VND 830 trillion, up 16 per cent compared to the end of 2017. Average trading value reached … [Read more...] about Hanoi Stock Exchange improves operation
Ha Noi Stock Exchange improves operation
The Ha Noi Stock exchange (HNX) has improved its share, bond and derivatives markets considerably in 2018 and will continue to enhance the markets’ operation next year. This year, HNX’s stock market saw increases in both scale and liquidity. As of December 15, HNX had approved the listing of seven firms with a registration value of more than VND1 trillion (US$8.1 million). Currently there are 374 firms listing on the northern exchange with market capitalisation of nearly VND190 trillion. Average trading value reached VND788 billion per session, up 28 per cent year-on-year. On the Unlisted Public Company Market (UPCoM), the number of listing firms and capitalisation value soared. As of December 12, there were 803 firms listing on the UPCoM with capitalisation value of VND 830 trillion, up 16 per cent compared to the end of 2017. Average trading value reached VND 374 billion per session, up 84 per cent against last year. UPCoM was first launched by HNX on June 24, 2009, to … [Read more...] about Ha Noi Stock Exchange improves operation
Stock exchanges slump amid correction
Shares on the country’s two stock exchanges succumbed to strong correction Thursday morning after a five-session rally came under heavy profit-taking pressure. Shares on the country’s two stock exchanges succumbed to strong correction Thursday morning, driven by bank and energy stocks. The benchmark VN Index on the HCM Stock Exchange dropped 0.11 per cent to close the morning session at 1,033.37 points. The HNX Index on the Ha Noi Stock Exchange was down by 0.97 per cent at 119.25 points. Nearly 130.6 million shares, worth VND3.1 trillion (US$135 million), were traded in the two markets during the morning trading session. The VN30 Index, which tracks the southern bourse’s largest stocks by capitalisation and liquidity, gained 0.04 per cent to end at 1,023.17 points. The banking and mining sectors were the biggest losers among 20 industries on the stock market. The two sectors posted decline rates of 0.88 per cent and 1.54 per cent, respectively, according to … [Read more...] about Stock exchanges slump amid correction
Ha Noi People’s Committee to offload entire stake in Vinawind
The Ha Noi Municipal People’s Committee will put up 6.7 million shares of Thong Nhat Electromechanical Joint Stock Company (Vinawind) for public auction on Ha Noi Stock Exchange on March 30. The move is part of its divestment plan for the 2016-20 period. The share offer accounts for 46.9 per cent of the company’s charter capital. Foreign investors are allowed to buy the entire share amount. At a starting price of VND42,400 (US$1.86) per share, the State is expected to collect more than VND284 billion from the auction. This is almost equal to its IPO (initial public offering) price of VND42,383 on March 17, 2015. Founded in 1965, Thong Nhat is a popular and long-standing brand name among the citizens of Ha Noi, along with Thuy Ta ice cream, Thuong Dinh shoes and Sao Vang (Golden Star) balm. Thong Nhat produces fans and household electrical equipment. Unlike many traditional businesses struggling in the face of stiff market competition, Vinawind has had stable business in the … [Read more...] about Ha Noi People’s Committee to offload entire stake in Vinawind
Shrimp exporter plans return to HCM Stock Exchange
Minh Phu Seafood JSC is seeking shareholders’ approval for a listing shuffle from the Unlisted Public Company Market (UPCoM) on Ha Noi Stock Exchange to HCM Stock Exchange this year following a good show of business in 2017. The decision for approval will be made at its 2018 shareholders’ meeting scheduled for March 9. Minh Phu Seafood JSC is known as Viet Nam’s king in shrimp production. It had voluntarily cancelled the listing on HCM Stock Exchange on March 31, 2015, for restructuring and to seek more capital from foreign partners. But the delisting did not help in raising more capital and the firm’s business went down. It incurred a loss of VND7 billion in 2015. However, it rebounded with a profit of VND82 billion in 2016 on a revenue of nearly VND12.1 trillion. The company planned its official return to the stock market with its listing on UPCoM last October. The stock with the sticker MPC has been consistently rising from VND79,000 (US$3.47) per share on … [Read more...] about Shrimp exporter plans return to HCM Stock Exchange