HCMC — Vietnam Rubber Group JSC (HOSE: GVR) has built up nearly VND22 trillion in bank deposits, driven by higher latex revenues that strengthened its cash position.
GVR’s total assets had reached almost VND85 trillion at the end of the third quarter of 2025. Its cash and short-term bank deposits exceeded VND21.4 trillion, including around VND14 trillion in term deposits with maturities between three months and one year. Its deposits with maturities above one year brought the total to about VND21.8 trillion.
The company earned VND612 billion in deposit interest in the first nine months of the year, up from VND529 billion a year earlier.
GVR reported nearly VND9.3 trillion in revenue in the third quarter, up 20% year-on-year. Slower growth in costs pushed gross profit up 66% to more than VND2.6 trillion, raising its gross margin to 28.5% from 20.7% a year earlier.
Latex products accounted for 82% of GVR’s revenue. Sales in this segment rose 23% while costs increased about 10%. Selling prices this year were higher than in the same period of 2024.
Other income doubled to VND460 billion, helping GVR post nearly VND1.9 trillion in net profit for the quarter, twice the level of a year earlier.
Nine-month profit exceeded VND4.6 trillion, the highest since 2012 and 5% above the full-year target. Revenue surpassed VND20 trillion.
As of October, consolidated revenue was estimated at VND24.6 trillion, meeting 79% of the annual plan, while pre-tax profit neared VND6.3 trillion, or 108% of the target. GVR expects to generate at least VND7.38 trillion in revenue and VND650 billion in pre-tax profit in the final two months of the year.
Full-year revenue is forecast at VND32 trillion and pre-tax profit at VND6.9 trillion, exceeding the company’s 2025 plan by 3% and 19%, respectively. Profit would rise about 24% from 2024.
Closing the trading session today, November 5, GVR edged up 1.04% to VND29,050, with over 4.8 million shares changing hands.
Vietnam’s VN-Index closed higher on Wednesday, supported by gains in several major stocks despite losses across most sectors.
The benchmark index rose 2.91 points, or 0.18%, to 1,654.89. The market recorded 121 gainers and 190 decliners. Trading volume plunged 45.4% from the previous session to 654.3 million shares, while trading value dropped 41.7% to VND19.97 trillion. Block deals accounted for 39.5 million shares worth VND1.48 trillion.
Oil and gas stocks advanced. PVD rose 5.9%. GAS added 4.13%. BSR climbed 3.07%. PLX gained 2.92%, and PET increased 1.66%.
The index was lifted mainly by VIC, CTG, VCB, BID, and GAS. VIC rose 2.74% and contributed 4.77 points to the main index. CTG added 1.63 points. GAS contributed 1.36 points. BID increased 1.98%, adding 1.19 points. VCB rose 1.16%, contributing 1.32 points. HVN, BSR, and VNM also supported the index. These stocks together added 11.88 points.
The eight stocks with the largest negative impact cut 5.66 points from the index. TCB had the biggest drag, falling 2.57% and taking away 1.43 points. FPT dropped 2.32%, cutting 0.92 point. VRE was the steepest decliner in the VN30 basket, losing 2.99%.
Most bank stocks fell. NAB closed flat. TPB lost more than 2%. SSB, ACB, OCB, and VIB fell more than 1%.
Securities stocks also declined. Only TVB and SSI edged up. VND reversed early gains and ended slightly lower. ORS dropped more than 3%. VCI fell 3%. VIX lost 2.87%. Other notable tickers in this sector declined between 2% and 2.5%.
Lender SHB took the lead by liquidity with 39.4 million shares traded. PVD followed with 32.5 million shares, VIX with 32.1 million shares, and SSI with more than 30 million shares.
On the Hanoi Stock Exchange, the HNX-Index inched up in late trade. The index closed 0.79 point higher, or 0.3%, at 266.70, with 62 advancers and 82 decliners. Trading volume reached 88.2 million shares valued at VND1.97 trillion.
