CMC Group (CMG VN): Approved to build a $250M data centre in HCMC
The tech corporation was approved to build up the CMC Hyperscale data centre, which may require capex of approximately USD$250 million and power consumption of up to 120MW. This centre will be integrated with state-of-the-art technologies such as DWDM 800G, SD-WAN, XGS-PON, SASE, Digital twin while still complying with the standards of a Green DC.
Currently, there has been only one large DC (>20MW) in operation in Vietnam in the private sector but some local companies have announced plans to build their own large DCs in the near term. CMG VN closed at VND41,800 per share on 15th July 2025, thus 25.3x P/E and 3.0x P/B.
Vietnam Germany Steel Pipe (VGS VN): Former Chairman registers to sell half of his shares
Mr. Le Minh Hai – Former Chairman of the Board, registered to sell 4.5 million out of his nearly 9.6 million shares, effective from 15th July to 12th August, reducing his ownership to 9.8% if successful. Before this event, his family was collectively holding about 54.5% of total shares outstanding. VGS VN closed at VND28,900 per share on 15th July 2025, hence 13.0x P/E and 1.6x P/B.
Vimico (KSV VN): Divestiture of Vimico – Cao Bang Bang Giang Travel & Trading (BCV VN)
Vimico’s Board of Directors passed a resolution on selling over 923,000 BCV VN shares, equivalent to 51.3% ownership, at VND61,900 per share. However, on 14th July 2025, BCV VN shares had reference price of VND21,500 per share with no trading activities since 2022, meaning that it could be potentially time consuming or an unsuccessful divestiture.
Beside Vimico, the Cao Bang provincial authority owns nearly 41.8% ownership. KSV VN closed at VND165,300 per share on 15th July 2025, therefore 21.6x P/E and 8.5x P/B.
FECON (FCN VN): Red Capital fully divested
Red One – a member fund of Red Capital, sold all its 16 million FCN VN shares, equivalent to 10.2% interest, thus no longer a shareholder of FECON. At the same time, HDCapital also decreased its ownership from 6.2% to 5.9% by selling nearly 400,000 shares.
The construction contractor reported Q1 results with revenue of VND821 billion (about USD31.5 million, up +34.2% YoY) and net loss of VND-7 billion (about USD-268,000). FCN VN closed at VND14,300 per share on 15th July 2025, meaning 223.4x P/E and 0.9x P/B.
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