The National Assembly: Changes in the Law on Vietnamese Nationality
The National Assembly passed the amendment to the Law on Vietnamese Nationality, making it easier for foreigners when applying for Vietnamese citizenship (e.g. now having a Vietnamese grandparent could qualify, instead of having a biological parent as before).
The new regulation is expected to attract Vietnamese diaspora coming back to Viet Nam and also foreign experts has lived in Viet Nam (e.g. allowing dual citizenship for the common cases). This change seems aligned with the strategy to build up two International Financial Centres in Da Nang and HCMC.
TTC AgriS (SBT VN): Ballot results
The shareholders approved: (1) to increase the foreign ownership limit up to 100%; and (2) the 2025 ESOP. Therefore, the company will offer over 40.7 million additional shares, equivalent to 4.9% of shares outstanding, to eligible employees. End of May 2025, the current foreign ownership of TTC AgriS surpassed 21%, almost double compared to May 2024. In calendar Q1 2025 (fiscal Q3 2024), the company generated revenue of VND7.3 trillion (about USD280.4 million, up +18.3% YoY) and net income of VND217 billion (about USD8.4 million, up +6% YoY). SBT VN closed at VND19,150 per share on 26th June 2025, thus 19x P/E and 1.3x P/B.
Becamex IDC (BCM VN): Replacing CEO
The state-backed industrial park developer dismissed Mr. Pham Ngoc Thuan from his CEO position after nearly 7 years, replacing him by Mr. Nguyen Hoan Vu – former DCEO at Becamex IDC before his leaving in 2023. BCM VN closed at VND62,100 per share on 26th June 2025, meaning 26x P/E and 3x P/B.
TASCO (HUT VN): Ex-date for public offering
The Ex-date for the next public offering is Friday, June 27th. Shareholders will receive right to buy an additional share at VND10,000 per share for every 5 shares owned, totaling 178.5 million additional shares.
If fully subscribed, Tasco could have total proceeds of VND1.8 trillion to fund its 3 key subsidiaries: (1) VETC – the ETC solution provider; (2) Tasco Auto – the auto dealer and CKD assembler; and (3) Tasco Insurance – the car insurer. HUT VN closed at VND12,600 per share on 26th June 2025, hence 20x P/E and 1x P/B.
Investor can see the full Newsletter below:
