A new chapter is expected to unfold in Vietnam's financial market, as companies across various sectors gear up for their initial public offerings (IPOs), signalling a notable shift in the country's investment landscape.
The total value of corporate bond issuances was recorded at 42.783 trillion VND (1.86 billion USD) in the first half, according to data compiled by the Vietnam Bond Market Association (VBMA) from the Hanoi Stock Exchange (HNX) and the State Securities Commission (SSC).
Vietnam will emerge in 2022 as the third largest startup ecosystem in Southeast Asia, with stronger signs of venture capital (VC) funds putting more efforts into early-stage investments in the country, according to a new report by venture capital (VC) firm Golden Gate Ventures.
More than 40 companies have lined up to raise about 30 trillion Rp (2.2 billion USD) in fresh capital through initial public offerings (IPO) and bond and rights issuances through the Indonesia Stock Exchange (IDX) within the next few months, according to the Financial Services Authority (OJK).
The Hanoi Stock Exchange (HNX) organised five auctions for divestment in November with total transaction value of more than 9.7 trillion VND (415 million USD).
The Hanoi Stock Exchange (HNX) organized 27 auctions so far this year with total transaction value of more than 10.8 trillion VND (465 million USD) from.
Many State-owned enterprises (SOEs) are finding it difficult to seek strategic investors following equitisation and have decided to retain the shares or sell them to the public.
As much as 7.45 trillion VND (320.5 million USD) were collected for the State budget from the initial public offerings (IPOs) of three member companies of the Vietnam Oil and Gas Group (PetroVietnam) in the first six months of 2018.
More than 1.16 billion shares of the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) coded TCB were officially listed on the Ho Chi Minh Stock Exchange on June 4.
The Hanoi Stock Exchange (HNX) said it has organised 19 auctions so far this year, including three for capital withdrawal, five for initial public offerings (IPO) and one for purchase rights.
Techcombank will begin selling its 1.1 billion shares coded TCB on the Ho Chi Minh City Stock Exchange on June 4 with a starting price of 128,000 VND (5.62 USD) per share.
SOEs will make initial public offerings (IPOs) in March, floating 2.5 trillion VND (110 million USD) worth of stakes in the market in the second wave of SOEs IPOs in 2018.
Some 28 of 34 auctions conducted by the Hanoi Stock Exchange (HNX) in 2017 sold out shares offered by state-owned enterprises (SOEs), raising over 2.63 trillion VND (115.72 million USD) for the State.
The stock market will feature a series of initial public offerings (IPOs) by State-owned enterprises (SoEs), including mega corporations, this year-end.
Eighteen auctions held on the Hanoi Stock Exchange (HNX) in the first five months of the year raised more than 2.4 trillion VND (105.8 million USD), up 24 percent from the same time last year.
The State Capital Investment Corporation (SCIC) divested State capital from 120 businesses in 2015, earning 94.49 trillion VND (200.17 mln USD) from a book value of 1.68 trillion VND (74.9 mln USD).
By the end of September Vietnam had equitised 94 out of 289 State-owned companies, meaning it needed to put 195 more firms up for initial public offerings by the end of the year to meet its goal.
