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Vietnamese firms slow down listing plans amid poor market performance

Several companies in Vietnam have slowed down their plans to list shares on the Ho Chi Minh Stock Exchange (HoSE) due to unfavourable market movements and poor business performances. Three companies, Phu Hung Securities Company, Ton Dong A Joint Stock Company and Sacom Real Estate Joint Stock Company have either withdrawn or cancelled their listing plans, while many others are yet to complete the procedures for listing. In addition, the Vietnamese stock market has had poor performance with lower scores and liquidity. However, some listed companies still plan to issue shares to supplement capital for unfinished projects, such as Sonadezi Châu Đức Joint Stock Company, Construction Development Investment Joint Stock Corporation, and Technical Infrastructure Development Joint Stock Company. The corporate bond channel is facing difficulties, while the bank credit channel is also experiencing challenges.


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