Eximbank (EIB): An important change in top management
Mr. Nguyen Canh Anh – Chairman of the Board, left his post as Chairman but he is still be a member of the Board. Meanwhile, Ms. Pham Thi Huyen Trang – Senior Vice Chairwoman was elected as the new Chairwoman. EIB closed at VND22,750 per share on 5th December 2025, thus 13.9x P/E and 1.6x P/B.
Thien Long Group (TLG): Kokuyo wants to take over the firm
The Japanese stationery and office furniture company, announced that it will acquire about 65% of current TLG shares outstanding, in which there are 46.8% owned by the largest shareholder – Thien Long An Thinh via put through orders and 18.2% owned by other shareholders via tender offer.
Kokuyo set out the purchase price of VND82,000 per share, equivalent to 17.3x P/E and 2.8x P/B. TLG closed at VND67,400 per share on 5th December 2025, hence 14.0x P/E and 2.3x P/B.
Afiex (AFX): First day of trading on HOSE
35 million AFX shares will be available on HOSE since 8th December 2025 with the first reference price of VND11,300 per share, while its last closing price on UPCoM on 28th November was VND13,600 per share. On the first day on HOSE, AFX will have volatility range of 20% instead of 7%.
FPT Corporation (FPT): SCIC wants to increase ownership
The Viet Nam’s sovereign wealth fund SCIC registered to buy 2 million FPT shares via its wholly-owned entity – SIC, effective from 10th December 2025 to 8th January 2026. If successful, SCIC’s interest will increase from 5.67% to 5.78%.
Currently, SCIC is also one of the largest shareholder of FPT, second only to Mr. Truong Gia Binh – Founder and Chairman of FPT Corporation with 6.89% interest. FPT closed at VND96,200 per share on 5th December 2025, leading to 18.3x P/E and 4.6x P/B.
HNX: Removed 2 stocks
Due to losing public status, both Thai Binh Cement (TBX) and Ligogi 166 (LCS), will be delisted from HNX and UPCoM respectively with 25th December 2025 as the last trading day for TBX and LCS.
