HCMC – Vietnam Rubber Group JSC (HOSE: GVR) and Sonadezi Corporation (UPCoM: SNZ) are seeking to expand their industrial zone projects in Binh Thuan province.
Sonadezi Binh Thuan JSC, a subsidiary of SNZ with a 91% voting stake, is developing the Tan Duc Industrial Zone in Ham Tan District. The 300-hectare project has a total investment of VND1.2 trillion and is scheduled to complete its first phase by April this year.
Sonadezi manages 11 industrial zones and over 800 projects, focusing on industrial and residential real estate, construction materials, utilities, and water supply. It aims to develop an industrial-service ecosystem and strengthen its value chain.
Vietnam Rubber Group JSC is also planning a long-term investment in Binh Thuan. The company intends to build an industrial infrastructure project in the southern part of the province, integrating digital transformation and eco-friendly technologies.
GVR operates 11 industrial infrastructure subsidiaries and has invested in 14 industrial zones on converted rubber plantation land, covering more than 4,135 hectares in southern Vietnam.
Binh Thuan’s government welcomes the investment, aiming to boost industrial, commercial, and service sectors. Authorities said investment promotion is a key strategy to achieve double-digit economic growth in 2025. The province pledged to support project implementation.
Closing the trading session today, March 14, GVR edged up 0.91% to VND33,300, with a matching volume of nearly 4.2 million shares.
With 170 winners and 283 losers, the VN-Index dipped 0.12 points, or 0.01%, to 1,326.15 points.
The Hochiminh Stock Exchange recorded a trading volume of over one billion shares valued at VND23 trillion, down around 6% in both volume and value over the previous session. Block deals accounted for 82.87 million shares worth VND1.72 trillion.
Major stocks VIC, VCB, and VHM provided initial support in the morning session, helping the index stay in positive territory. However, the market reversed course in the afternoon, with several blue-chip shares narrowing gains or turning negative.
Property developer NVL surged to the ceiling price of VND11,100 on a trading volume of over 40 million shares. Foreign investors net bought more than 4.5 million NVL shares, helping make it the second most actively traded stock on the southern exchange.
Another real estate stock, DIG, rose 2.7% to VND20,650, with foreign players net buying 1.8 million shares.
Brokerage firm VIX gained 0.8% on a volume of 33.57 million shares, including nearly 29.5 million net-bought by foreign investors. SSI and VND both ended flat after recouping early losses, each trading around 25 million shares with strong foreign net buying.
SHB saw a staggering 132.3 million shares traded with its price hitting its daily ceiling of VND10,700, taking the lead by liquidity on the market. Foreign investors took seven million shares of the bank.
On the Hanoi Stock Exchange, the market bounced back from yesterday’s loss as stronger buying drove the HNX-Index up 1.42 points, or 0.59% to 242.73 points. Trading volume reached 72.8 million shares worth VND1.24 trillion, with 79 stocks rising and 105 others declining.
