Furniture firm targets smaller loss in 2019 Trường Thành Furniture Corporation (Trường Thành) expects its losses to reach VNĐ588 billion (US$25.3 million) in 2019, heard the firm’s annual shareholder meeting on Monday.

HoSE suspends Orient Securities from equity purchases

The Hồ Chí Minh Stock Exchange (HoSE) on Monday decided to suspend Orient Securities JSC (HoSE: ORS) from all securities purchases.

Trường Thành Furniture wants $43m merger

Trường Thành Furniture Corporation will seek shareholders’ approval for a merger with another company which work in the same area in an effort to restructure the loss-making company.

VN-Index declines a second day

Investors increased bargain purchases in yesterday’s afternoon trade when the benchmark VN-Index retreated near 1,000 points, but this was not enough to help the market close in green when foreign traders accelerated selling.

Shares rise slightly on large-cap recovery

Shares rose slightly on the two national stock exchanges yesterday as many large-cap stocks rebounded following the past losing streak on uncertainty of the newly-elected US president’s policies.

VN shares slump on ETFs trading

Shares declined on the two national stock exchanges yesterday, driven by trading of large exchange-traded funds in their third-quarter portfolio arrangements.

Domestic, foreign investors compete to invest in ACV Domestic and foreign companies are vying to invest in the Airports Corporation of Viet Nam (ACV), a State-owned company of the Ministry of Transport managing 25 airports across Viet Nam.

Ministry sets ACV investment rules The Ministry of Transport has set criteria for the Airports Corporation of Viet Nam, whose equitisation process is underway, to select strategic investors.

State Bank takes over GP Bank The State Bank of Viet Nam (SBV) took over Global Petrol Bank yesterday, after the bank failed to meet a deadline to have secured legal capital requirements.

Gov't to take over GP.Bank if it does not meet capital requirement Global Petro Bank, or GP.Bank, is likely to be nationalised if it fails to meet a legal capital requirement by tomorrow.