Financials and what not

• CTR VN: sets, in 2025, revenue target of VND13,968 bn (+10.3% YoY) and PAT target of VND562.7 bn (+4.6% YoY).
• DHC VN: targets VND3,275 bn in revenue (-9% YoY) and VND242 bn in PAT for 2025. Also, DHC proposes to cancel the plan to issue over 11 mn shares due to unfavorable market conditions. For 2025, DHC plans dividends of at least 20% of charter capital, while in 2024, DHC plans to issue 16.1 mn bonus shares at a rate of 20%.
• FPT VN: proposes a 20% cash dividend, with the remaining 10% due in Q22025. FPT also plans to issue 222.2 mn bonus shares (15%) by Q32025, bringing the total shareholder return to 35%, consistent with the previous two years.
• FPT VN: recorded, in 2M2025, revenue of VND10,438 bn (+16.4% YoY) and PAT of VND1,378 bn (+23% YoY), completing 14% of the year plan.
• HAX VN: will pay a 10% cash dividend for 2024, totaling over VND107.4 bn. The final registration date is May 7th, with payments starting on May 16th.
• MWG VN: reported, in 2M2025, revenue of VND24,524 bn (+13.5% YoY), achieving 16% of its annual target. Among this, The Mobile World and Dien May Xanh chains contributed nearly VND17,000 bn (+13% YoY).OCB VN: sets, in 2025, PBT target of VND5,338 bn (+33% YoY) and total assets target of VND316,779 bn (+13% YoY).
• PVT VN: sets, in 2025, revenue target of VND10,300 bn (-12% YoY) and PAT target of VND960 bn (-35% YoY), with plans to raise charter capital to VND4,699 bn via stock dividends. Also, PVT will invest VND3,525 bn in fleet expansion, acquiring various tankers and bulk carriers (with 64% fund from loan and 36% from internal sources).
• VIC VN: Vinpearl sets, in 2025, revenue target of VND14,000 bn (-3% YoY) and PAT target of VND1,770 bn (-33% YoY).
• VIB VN: targets a 2025 PBT of VND11,020 bn (+22% YoY) and total assets of VND600,350 bn (+22% YoY), with a proposing 2024 cash dividend at the payout rate of 7%. VIB also plans to issue 417 mn bonus shares and 7.8 mn ESOP shares, raising charter capital to VND34,040 bn.

Company – bid.vn, cii.vn, dbc.vn, idc.vn, hpg.vn, hsg.vn, kdh.vn, mbb.vn, nab.vn, nlg.vn, vgc.vn, vic.vn, vhm.vn

BID VN: approved a plan to repurchase over VND12,271 bn of capital-raising bonds before maturity between Q22025 and Q12026. The repurchase aims to exercise the call option, enhance investor confidence, and support future bond issuances.

CII VN: plans to sell nearly 37.7 mn NBB shares to its subsidiary, CII Invest, between March 25th and April 23rd.

Comment: I mean…c’mon….left pocket right pocket.

DBC VN: The Ministry of Construction has approved the opening of Tan Chi inland port (Phase 1) in Bac Ninh, invested by DBC. The port aims to ease seaport congestion and lower transport costs while providing logistics and import-export services.

IDC VN: plans to pay a 15% cash dividend on April 23rd, with a record date of April 9th. Major shareholders, S.S.G Group and Bach Viet Production and Trading will receive VND111 bn and over VND59 bn, respectively.

Comment: Is hell freezing over? A cash dividend???

HPG VN: sets, in 2025, revenue target of VND170,000 bn (+21% YoY) and PAT target of VND15,00 bn (+25% YoY). Additionally, HPG plans to pay 2024 dividends at the rate of 20% (5% in cash and 15% in stock).

HSG VN: will pay a 5% cash dividend for the 2023-2024 fiscal year. The ex-dividend date is April 2nd, and the record date is April 3rd. With 621 mn shares, HSG will pay approximately VND310 bn, with payment expected on April 28th.
HSG VN: plans to invest VND1,060 bn in the Hoa Sen Home system in 2025, focusing on store expansion (VND400 bn), warehouses (VND500 bn), technology (VND60 bn), and marketing (VND100 bn).

KDH VN: A VinaCapital member fund sold 7.35 mn KDH shares from February 25th to March 26th, nearly completing its planned sale. It now holds only 79,200 shares, a negligible amount.

MBB VN: signed a financing arrangement agreement for phases 1 and 2 of the Dak Nong Aluminum Electrolysis Plant Project, owned by Tran Hong Quan Metallurgy Co., Ltd. The total arranged capital is VND12,500 bn, covering nearly 80% of the total investment.

NAB VN: signed with The Shanghai Commercial & Savings Bank (SCSB) Vietnam a $20 mn financing agreement to increase foreign currency resources for Nam A Bank’s import-export lending activities.

NLG VN: approved a plan to issue 100.12 mn shares at a 26% ratio for existing shareholders in 2025. Priced at VND25,000/ share, the offering aims to raise VND2,503 bn and increase the company’s charter capital to VND4,850 bn.

Comment: Hmm…I thought they didn’t have an issue with capital..

VGC VN: has fully acquired Vietnam Float Glass (VFG) by purchasing a 64.71% stake from Japan’s Nippon Sheet Glass (NSG), making VFG its wholly owned subsidiary. The agreement was signed on March 25th.

VIC VN: started construction of Vinhomes Green City in Long An on March 26th. The 197.2-hectare project has a VND28,000 bn investment and features low-density development.

VHM VN: Khanh Hoa’s Department of Construction approved Cam Ranh Investment JSC to raise VND14,768 bn for the Cam Ranh Bay Urban Area. Covering 1,254 hectares in Cam Ranh City, the project, led by Cam Ranh Investment JSC, VHM, and VinES JSC.

VIC VN: GSM received 45,813 non-refundable pre-orders for four VinFast Green car models within 72 hours of launch, setting a new record in Vietnam’s automobile market by March 19th.

Country

• HCMC, which is home to over 500,000 businesses, saw a sharp decline in new enterprises in early 2025. Only 3,900 new businesses registered in the first two months, with total capital of VND29.6 tn, down 37.6% in number and 47.9% in capital compared to a year earlier.
• In the first two months of 2025, Vietnam welcomed 3.96 mn international visitors, an increase of 30 per cent over the same period in 2024. Of these, the number of international visitors from Asia accounted for the majority with more than three mn.
• As part of their 2025 business plans and preparations for shareholder meetings in April, several banks in Vietnam plan to issue stock dividends at record-high rates of 15-35 per cent.
• Vietnam recorded a shrimp yield of over 1.264 mn metric tons in 2024, up 5.3 % year on year, while exporting over US$4 bn worth of shrimp, a significant increase from the previous year, according to the Vietnam Fisheries Society.
• Vietnam and Singapore have agreed to take concrete steps to strengthen their Comprehensive Strategic Partnership, including advancing economic and defense cooperation.
• According to the Vietnam Fruit and Vegetable Association (VINAFRUIT), fruit and vegetable exports in March 2025 are estimated at US$421 mn, down 10.5 per cent year-on-year. This marks the third consecutive month of declining export revenue, in stark contrast to 2024, when the industry saw robust growth throughout the year. Thus far in the first quarter of 2025, total fruit and vegetable exports have reached $1.1 bn, a 13.2 per cent decrease compared to the same period in 2024.
• Vietnam wants to have at least 1 mn more businesses by 2030, especially small and medium-sized enterprises (SMEs).
• Vietnamese banks are ramping up efforts to raise charter capital through share issues and stock dividends as they prepare for stronger credit growth in 2025 and tighten compliance with Basel III capital requirements.
• In the first quarter of 2025, total export revenue from fruits and vegetables amounted to an estimated US$1.1 bn, representing a year-on-year drop of more than 13%.
• The Ministry of Finance proposes a 2% VAT reduction (from 10% to 8%) on most goods and services, excluding sectors like telecommunications, finance, and real estate. The reduction will be effective from July 1, 2025, to December 31, 2026, to boost consumption and support the economy.
• The Ministry of Construction has proposed that the prime minister authorize HCMC to oversee the development of a 42-kilometer urban railway connecting Thu Thiem New Urban Area and the under-construction Long Thanh International Airport, and costing a total of $3.5 bn.
• In 2M2025, Vietnam’s seafood production reached 1.23 mn tons (+2.4% YoY). Export turnover exceeded $1.4 bn (+18% YoY). The United States remained Vietnam’s largest seafood export market, contributing around $1.8 bn in 2024.