Non-voting shares could lure more foreign capital to Vietnamese firms The use of non-voting depository receipts (NVDRs) may help foreign investors buy more shares in Vietnamese companies without raising their power.

Firms pay high dividends on 2016 profits

Many listed companies have announced high dividends early this year to reward investors following a surge in profits last year.

STB bank fights possible hostile take-over Sacombank (STB) and Eximbank (EIB), two of the five largest banks listed on the HCM City Stock Exchange, are currently involved in a fight to take control of STB's boardroom. The struggle has inflamed rumours that STB is facing a hostile takeover.

Vinacomin, Hoa Phat vie for iron miner Hoa Phat Group has announced its intention to buy a controlling stake in Thach Khe Iron Joint Stock Co, but is likely to face difficulties as the iron company's major stakeholder, State-owned mining group Vinacomin, also wishes to raise its stake to 51 per cent.

BIDV plans second investment fund The Bank for Investment and Development of Viet Nam said that it plans to establish the US$300 million Viet Nam Investment Fund No2 to be operational by the first quarter of next year.

VN Index rebounds 92 points in a week The VN Index leapt over 92 points this week to close at 1039.63. Experts attributed the jump to wiser investors prompted by recent corrections that brought the overvalued market "closer to reality."

Brokerage ties in with local bank, fund manager Viet Dragon Securities Corporation entered a strategic partnership with three local businesses at its official inauguration ceremony yesterday.

HCM City bourse draws another firm The Thien Nam Trading Import Export Joint Stock Company expects its shareholders to be able to transfer their stocks at the HCM City Securities Trading Centre beginning today.