Kinh Bac City (KBC VN): A new industrial park project announced
The company has completed legal procedures to own the Phu Binh Industrial Park, which has land size of 675 hectares, locating in the Southeast part of Thai Nguyen province. It may require capital investment of VND11.5 trillion (about USD441 million) before coming into operation. KBC VN closed at VND32,450/share on 5th August 2025, thus 17x P/E and 1x P/B.
PV Oil (OIL VN): Bullish Q2 results
In Q2, PV Oil generated revenue of nearly VND40 trillion (about USD1.53 billion, up +15% YoY) and net income of VND181 billion (about USD7 million, up +112% YoY). However, poor Q1 results made the H1 2025 under-performed compared to H1 2024. OIL VN closed at VND12,100 per share on 5th August 2025, resulting 41x P/E and 1.08x P/B.
Vinatex (VGT VN): Market updates
The company’s management forecasts headwinds for Vinatex and all subsidiaries despite lowered U.S. tariff. VGT noted that some key companies representatives at Hoa Tho Textile and Garment (HTG VN) recently met with U.S. clients and proposed possible solutions. In H1, Vinatex recorded consolidated revenue of VND8,718 billion (about USD334 million, up +10% YoY) and net income of VND321 billion (about USD12.3 million, up +657% YoY). VGT VN was last traded at VND12,500 per share on 5th August 2025, suggesting 9.1x P/E and 0.6x P/B.
HAGL Agrico (HNG VN): Changes in top management
The company appointed Mr. Phan Ba Cuong – currently Deputy CEO at THACO Agri, the largest shareholder of HAGL Agrico with 27.6% ownership, as the new Deputy CEO. He replaced the predecessor Mr. Nguyen Hoang Phi, who had resigned before due to personal matters. HAGL Agrico announced its bullish Q2 financials with revenue of VND117 billion (about USD4.5 million, up +119% YoY) and net loss of VND-113 billion (about USD-4.3 million, bullish compared to Q2 2024). HNG VN was last traded at VND6,500 per share on 5th August 2025, hence 4.62x P/B and a negative P/E.
Dat Xanh Group (DXG VN): Invested in a residential project
The Board of the company approved a plan to inject VND1.74 trillion to the DatXanhHomes Parkview project. Funds for this action will be sourced from the upcoming private placement of 93.5 million additional DXG VN shares, offered to professional investors at VND18,600 per share. These shares will be locked up for a year after distribution. Earlier this year, DXG called capital to fund this project via public offering with proceeds of over VND1.8 trillion. DXG VN closed at VND20,100 per share on 5th August 2025, therefore 65x P/E and 1.08x P/B.
Investor can see the full Newsletter below:
