Van Phu Invest (VPI): Major shareholder VIAC (No.1) LP lowered its ownership
VIAC (No.1) Limited Partnership – a member of Vietnam Oman Investment, sold 1.6 million VPI shares, decreasing its interest from 9.26% to 8.76% due to portfolio restructuring. Before that, Van Phu Invest approved the resignation of a DCEO - Ms. Phan Le My Hanh. In 9M 2025, the real estate developer made revenue of VND824 billion (about USD31.3 million, down -28% YoY) and net income of VND263 billion (about USD10 million, up +28% YoY), completing 75% of FY2025 profit target. VPI closed at VND58,200 per share on 8th December 2025, hence 51.1x P/E and 3.6x P/B.
Vingroup (VIC): Plans to establish a business in DR Congo
The Board of the conglomerate approved the plan to invest USD28 million in DR Congo, setting up a subsidiary named Vingroup DRC Holding S.A.R.L with headquarters in Gombe District, Kinshasa. This subsidiary will operate in real estate business, electric vehicles, and other businesses which the Vingroup’s ecosystem has been exposing with.
Following the MoU in October, Vingroup and DR Congo will co-develop a grand riverside residential project with size of 6,300 hectares, and will convert over 300,000 fossil-fuel vehicles to electric ones. VIC closed at price ceiling of VND152,700 per share on 8th December 2025, leading to 132.7x P/E and 8.1x P/B. At this price, Vingroup’s market cap is nearly VND1.2 quadrillion (about USD44.74 billion), surpassing the combined market cap of the three largest listed banks in Viet Nam (i.e. Vietcombank, Vietinbank, and BIDV) by 14%.
FTSE Russell: Updated the list of constituents
FTSE Russell announced the list of constituents of FTSE Vietnam Index and FTSE Vietnam All-share, in which:
- FTSE Vietnam Index added two new stocks: FPT Securities (FTS) and Hoa Sen Group (HSG)
- FTSE Vietnam All-share Index added GELEX Electric (GEE) and removed PC1 Group (PC1), Sabeco (SAB), and Saigon VRG Investment (SIP)
AMECC (AMS): An insider wants to buy 1.8 million shares
Mr. Nguyen Dang Minh – Board member of AMECC, registered to purchase 1.8 million AMS shares, equivalent to 3% of current shares outstanding. In 9M 2025, the firm also generated revenue of VND2,244 billion (about USD85.3 million, up +7% YoY) and net income of VND33 billion (about USD1.3 million, down -35% YoY and also 5-year record low). AMS was last traded at VND7,800 per share on 8th December 2025, suggesting 11.2x P/E and 0.6x P/B.
