FIDES (VIETNAM) Market Statistics 27/11 – 01/12/2023

FIDES (VIETNAM) Market Statistics 27/11 – 01/12/2023

Market Summary
 ChangeTrading VolumeTrading ValueForeign net buy/sell
 (%)Average daily trading volume(mil.shares)Average daily trading value (mil.USD)Net trading value (mil.USD)

Source: Fiinpro

Sector Performance (HOSE + HNX, %)

Source: Fiinpro

Foreign Top buy/sell (HOSE + HNX, mil.USD)

Source: Fiinpro


Economy – Society


GSO announced the Nov-2023 data as follows:

  • CPI: +3.45% yoy, +0.25% mom, +3.22% YTD. Core inflation increased by 4.27% yoy. The CPI mom increase is attributed to the rising rice retail price, tuition fee and health care services.
  • Export of $31.08 bn (+6.7% yoy), Import of $29.8 bn (+5.1% yoy). Trade surplus: $1.28 bn.
  • Retail Sales of $22.9bn, +10.10% yoy, +1.37% mom
  • IIP +5.79% yoy, +3.00% mom. (Source: GSO)


  • In Nov-2023, registered FDI rose by 15.5% yoy to $3.09bn, while disbursed FDI increased by 6.6% yoy to $2.25bn. Newly licensed projects grew by 58.1% yoy to 2,865 projects.
  • In 11M23, total registered FDI reached $16.41bn (+42% yoy), and total disbursed FDI was estimated at $20.25bn (+2.9% yoy). Foreign investors invested in 18 out of 21 national economic sectors, with the manufacturing industry leading the FDI inflows with $20.97bn (+40% yoy). Quang Ninh was the top destination for FDI with $3.11 bn (+42% yoy). (Source: Ministry of Planning and Investment)

Public Investment

  • The Ministry of Transport has submitted a report to the Prime Minister on the feasibility study of the North-South high-speed railway project, which is expected to cost more than $70bn and have a maximum speed of 350 km/h.
  • According to Ho Chi Minh City Statistics Department, as of 30/11/2023, the total investment capital from the State budget disbursed was $1.27bn (reaching 44.9% of the 2023 capital plan of the HCMC People’s Committee assigned, reaching 43.7% of the capital plan assigned by the Prime Minister).

Interest rate

  • BID, CTG and Agribank intends to cut the deposit rate for institutional customers by 10bps for terms from 12M and above and 20bps for terms from 6M-12M.
  • VCB cut the deposit rate by 20bps for terms from 1M, bringing the 12M deposit rate to 4.8% p.a.


  • National Assembly approved to extend the VAT 2% cut package to another 6 months to 30/06/2024. VAT will be reduced from 10% to 8% for all services and goods except: telecommunication, IT, Finance, Banks, Stocks, Insurances, Real Estates, Metal and Metal goods, mining products, refined petroleum, chemical products and items subject to special consumption tax. (Source: Government)

Company – Sectors


  • As of 22/11/2023, credit growth is 8.21% ytd. From 29 Nov 2023, banks that used up 80% credit quota can adjust up their quota based on 3 criteria: (1) bank’s rating score by the SBV in 2022, (2) credit lending to SME (at least 20% loan book and no less than $1.44bn) or agricultural sector (at least 25% and no less than $4.12bn) → +0.5%, (3) lending rate in lower than banking sector average → +0.5%. Banks likely to have quota extensions: ACB (11/14%), MSB (16/18%), LPB (11.6%), TCB (13.5%/14.1%). (Source: SBV)


  • According to GSO, In Nov-2023, international visitors to Vietnam reached more than 1.2 million people (+10.9% mom and 2.1 times higher than yoy).
  • In the first 11M2023, international visitors to Vietnam reached more than 11.2 million people (3.8 times higher than yoy). (Source GSO)


  • According to the Export-Import Department, Vietnam’s seafood exports had fetched nearly $7.5bn (-20% yoy) this year as of the end of Oct-2023. (Source: The Export-Import Department)


  • The UK have agreed to provide the $15.5 billion to help Vietnam end its reliance on dirty coal power and more quickly switch to renewable energy as a part of a JETP. The plan will be announced at the COP28 climate conference, which begins in Dubai next week.

Industrial Park

  • Haiphong will discount 30% of the land lease fee for investors investing in projects in Dinh Vu-Cat Hai Economic Zone. The reduction in land use fees will benefit for the ones who directly lease land from the state under state agency decisions or contracts and make rent payments annually. Earlier this year, the Ministry of Finance proposed the prime minister extend the temporary 30% reduction on land use fees throughout 2023 as part of measures to help businesses and individuals overcome the ongoing difficulties.


  • The groundbreaking ceremony of the Tan Cang – Moc Bai Port is held on Nov-24, 2023. Tan Cang – Moc Bai Port is located in the economic zone of the Moc Bai border gate, in the administrative area of Loi Thuan commune, Ben Cau district, Tây Ninh province. It has a total area of 16.52 hectares and is invested by Tan Cang Tay Ninh JSC with a total budget of $22.8mn, and expected to operate by May 2024.


  • On 28/11/2023, the National Assembly approved the Amended Law on Real Estate Business. Effective from 01/01/2025.
  • The amended laws introduce tighter regulations on various activities, including deposits for off-the-plan RE sales (reduce from 30% to 5%) and brokerage activities, they are expected to foster healthier practices long-term and offer better protection for home buyers.
  • Many developers shared that the lock of 5% deposits will cause difficulties for developers’ capital but is safer for home buyers.


  • In 11M2023, Vietnam’s total export and import turnover of agro-forestry-aquatic products is estimated at $85.13bn (-5.9% yoy). Of the amount, exports were valued at $47.84bn and imports $37.29bn, resulting in a trade surplus of $10.55bn (+33.7% yoy).
  • 6 product groups have posted an export value of over $3bn: coffee, rice, vegetables, cashew nuts, shrimp, and wood and wooden products.
  • China, US and Japan remained the largest importers. Particularly, export value from China rose 18%, while export revenue from US and Japan dropped 17.9% and 9.1%, respectively. (Source: Ministry of Agriculture and Rural Development)

LTG (Loc Troi Group JSC)

  • 2 members of Endurance Capital fund are Endurance Capital Vietnam I Limited and Endurance Capital Vietnam II S.A. SICAV-RAIF sold 784,740 shares and 535,260 LTG shares respectively.
  • After the transaction, Endurance Capital reduced its ownership in LTG from more than 5.44 million shares (ratio 5.4%) to 4.12 million shares (ratio 4.09%) and is no longer a blockholder from November 21, 2023. (Source: HSX)

HAG (Hoang Anh Gia Lai JSC)

  • On Nov 29, HAG just announced a list of investors for its private issuance of $53.59mn, offer price of 10,000 VND/share (replace the previous list announced on Nov 24)
  • These shares will be offered to LPBank Securities JSC (50 million shares), ThaiGroup JSC (52 million shares), and Mr. Nguyen Duc Quan Tung (28 million shares). (Source: HAG)

BAF (BAF Viet Nam Agriculture JSC)

  • BAF Vietnam Agriculture JSC approved 100% capital contribution to establish BAF Vietnam Logistics Company Limited, with charter capital of $0.82mn. (Source: BAF)

MPC (Minh Phu Seafood Corporation)

  • On November 23, MPC approved a social housing project with a total investment capital of nearly $26.08mn, an area of 17.67 hectares in Ca Mau province, population size of 3,200 – 3,800 people. (Source: MPC)

KDH (Khang Dien House Trading and Investment JSC)

  • Official launched the Privia project over the weekend, offering around 80% of total units, 90% take-up rate.
  • The project is under the construction with around 60% progress. (Source: KDH)

NLG (Nam Long Investment Corporation)

  • Announced 11M2023 presales value reached $126mn. Notably, presales value reached $52.7mn in October and November (mainly contributed by Southgate, Akari projects), equal to 72% of 9M23’s number.
  • NLG will not be able to record the divestment from the Paragon Dai Phuoc project in 2023 due to being stuck in legal procedures. (Source: NLG)

KDC (KIDO Group Corporation)

  • On 12/12/2023, Vocarimex (UPCoM: VOC) will hold an EGM to present on the Cancellation of public company registration and stock trading registration on UPCoM.
  • After completing the procedure to cancel stock trading registration, KDC commits to buy back the entire number of remaining VOC shares, planning to control 100% VOC and gaining 30% marketshare. (Source: KDC)


  • Ring Road 3 HCM, the project was assigned a budget of $314mn, but so far, only about $62mn has been disbursed (achieving 19.7% of the total). The remaining six main construction packages of the Ring Road 3 will commence at the end of 2023. Notably, the source of sand for road foundation is currently lacking about 20% of the required volume for the entire project. However, some mines are currently suspended from supplying or only supplying to expressway projects. (Source: C4G).

ACV (Airports Corporation of Vietnam)

  • On 27/11/2023, ACV approved the investment report and contractor selection plan for the automatic toll collection project applied at 5 airports including: Noi Bai, Cat Bi, Da Nang, Phu Bai and Tan Son Nhat. After selecting a contractor and signing a contract within the year, the equipment system will be installed after 180 days.
  • ACV plans to invest more than $8.8mn with capital from the development investment fund to modernize and synchronize existing revenue systems at ports. (Source ACV)

SBT (Thanh Thanh Cong – Bien Hoa JSC)

  • SBT approved the issuance plan of $20.7mn bonds in 4Q2023, tenor of 03 years. For the first 04 interest periods interest rate is fixed at 10.5%/year. For the next 08 interest periods interest rate is floating of 3.5%/year plus the reference interest rate. This is a non-convertible bond, without warrants, without collateral, payment guarantee via Techcombank. (Source: SBT)

CII (Ho Chi Minh City Infrastructure Investment JSC)

  • Vietcombank will finance $289.2mn for Trung Luong – My Thuan highway under BOT Contract, the total project capex is $524.3mn, average daily sales of the BOT Project is $103,000, which equivalent to $37,6mn per year. (Source: CII)

LDG (LDG Investment JSC)

  • Dong Nai Police has arrested the Chairman of LDG for violating at Tan Thinh residential project (Trang Bom district, Dong Nai. Previously, he was prosecuted for illegally building 500 apartments at this project in May-2023. (Source: Media)