Hanoi (VNS/VNA) - Vietnam’s listed companies are intensifying capital mobilisation efforts through equity and debt instruments, reflecting a broader economic recovery and strategic financial restructuring.
Tan Cang Offshore Services (TOS) has seen its stock price surge by nearly 180% over the past year, reaching 143,700 VND (5.52 USD) per share.
The company's growth is attributed to robust financial performance and strategic acquisitions, including a 43.78% stake in Tan Cang Shipping for 219 billion VND and plans to increase its holding in YICO from 3.5% to 51%, thereby making it a subsidiary.
Binh Duong Trade and Development (TDC) recently completed a private placement of 35 million shares, successfully distributing over 27.2 million shares at 11,840 VND each, raising nearly 322 billion VND.
The proceeds will be used to repurchase a portion of its outstanding bonds, specifically the TDC.BOND.700.2020 series, as part of its debt restructuring efforts.
Becamex Infrastructure Development (IJC) plans to issue over 251.8 million shares at 10,000 VND per share, aiming to raise more than 2.5 trillion VND.
The funds will support investments in the Becamex - Binh Phuoc Industrial Park and the BOT project for upgrading National Highway 13 in Binh Duong province.
Meanwhile, Becamex IDC (BCM) intends to issue 150 million shares through a public auction, with a starting price not lower than 50,000 VND per share. This adjusted plan follows a postponed larger issuance due to unfavourable market conditions earlier in 2025.
According to the CEO of Becamex, Pham Ngoc Thuan, the company's charter capital of over 10.35 trillion VND poses challenges for raising additional funds, especially with regulations limiting borrowing to 15% of total capital per project.
To implement key initiatives, Becamex must significantly increase its capital.
Thuan expects the actual sale price to exceed the initial offering, allowing the total capital raised to approach 20 trillion VND.
However, these efforts will only partially meet funding needs, as Becamex plans to undertake multiple projects from 2025 to 2030, targeting large-scale industrial and urban developments with potential investments in the hundreds of trillions of VND.
The securities sector is also preparing for capital increases.
Viet Dragon Securities plans to raise its charter capital from 2.43 trillion VND to 3.2 trillion VND by issuing up to 77 million shares. The funds will support margin trading, prepayments, proprietary trading, underwriting and bond market participation.
Vice Chairman of APG Securities Huynh Minh Tuan noted that due to losses last year, APG was ineligible to offer shares to existing shareholders, necessitating a new capital-raising strategy.
The securities firm plans to issue private placement shares worth 1.2 trillion VND and bonds totalling up to 2 trillion VND, with significant funds allocated for margin lending.
Similarly, Vietnam Airlines plans to issue 900 million shares to existing shareholders at 10,000 VND per share, aiming to raise approximately 9 trillion VND.
The amount will be allocated by the company to settle supplier debts, repay loans and address part of its refinancing obligations.
The airline is also planning to raise capital in 2026, targeting up to 13 trillion VND to facilitate investments in new aircraft.
As part of its strategy for the 2030-2032 period, the company aims to acquire 50 narrow-body aircraft with fewer than 200 seats and 10 spare engines, with a total investment estimated at nearly 3.6 billion USD.
Chairman of the Board of Directors of Vietnam Airlines Dang Ngoc Hoa said that global demand for commercial aircraft was rising sharply.
If orders for Boeing's narrow-body aircraft were placed now, deliveries might not occur until 2032.
Furthermore, from 2030 to 2045, the Vietnamese aviation sector was projected to require thousands of new aircraft to meet growing demand./.
Listed companies extend growth in Q4 2024
Profits of listed companies in Vietnam experienced robust growth in the fourth quarter (Q4) of 2024, marking the fifth consecutive quarter of growth.
