hoa-chat-duc-giang-tai-tro-bong-chuyen-nu

Duc Giang Chemical sponsors the national women's volleyball team.

Under this plan, Vinachem will divest from many chemical companies in 2021, including Lam Thao Chemical (LAS), Viet Tri Chemical (HVT), and Duc Giang Chemical (DGC).

Vinachem is holding 15.14 million shares of Duc Giang Chemical. At the current price of 160,000 VND/share, Vinachem can earn more than 2,400 billion VND (104 million USD).

In late 2019, Vinachem auctioned more than 11.45 million shares of Duc Giang Chemical with a starting price of 49,100 VND/share but it could sell only 200 shares with a total value of less than 10 million VND.

So far this year, the price for Duc Giang Chemical shares has increased strongly, from 40,000 VND/share to 160,000 VND/share at present. At this price, Duc Giang Chemical has a market capitalization of nearly 25.8 trillion VND (equivalent to 1.1 billion USD) and is one of the 56 listed companies capitalized from 1 billion USD on the Vietnamese stock exchange.

In Vietnam, corporations with market capitalization of over 10 billion USD include big names like Vietcombank, Vinhomes, Vingroup, Hoa Phat and many corporations worth 5-10 billion USD such as Vinamilk, GAS, ACV, Techcombank, GVR, Vietinbank, MBBank, Masan, BIDV, Novaland, Sabeco...

 

According to Circular 180, all public companies formed before January 1, 2016 without being listed on the Stock Exchange will have to register for trading on the UPCom system within one year.

Accordingly, many state-owned enterprises were equitized and traded on the UPCom such as Vietnam Airlines, ACV, VEAM, Becamex (BCM), Viet Tien (VGG), Vinatex (VGT), and the Vietnam Rubber Group (GVR).

Many private corporations also put subsidiaries on the floor such as SCG, Masan Consumer (MCH), Masan Meat Life (MML)...

Despite difficulties caused by the Covid-19 pandemic, many businesses still have had impressive business results this year. Vinachem has reported accumulated profit of 312 billion VND for January-September 2021.

Duc Giang Chemical also recorded net revenue of 3,988 billion VND in the first half of 2021, and after tax profit of 625 billion VND.

V. Ha

Securities market attracts $12.8 billion, up 12% in 9 months

Securities market attracts $12.8 billion, up 12% in 9 months

Vietnam’s stock market mobilised total capital of VND292.1 trillion (US$12.8 billion) in the first nine months of this year, up 12 per cent compared to the previous year.