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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Sunday, May 25, 2025

HNX to lift trading restriction on VNG’s stock next week

The Saigon Times

Must read

HCMC – The Hanoi Stock Exchange, or HNX, will lift trading restrictions on VNG Corporation’s shares (stock code: VNZ) next week, on June 5, as the tech firm has already submitted its financial statement for 2022.

Previously, VNG Corporation was over 45 days late in filing the audited financial statement, resulting in trading restrictions on its VNZ shares starting from May 25, in accordance with the current regulations.

As per VNG’s financial statement for 2022, the tech firm recorded a net loss of VND1,534 billion last year.

The company has also reported its business results for the first quarter of 2023, with revenue reaching VND1,853 billion, an increase of 11% compared to the same period last year.

However, the company still incurred a net loss of VND90 billion between January and March, which is lower than the figure of VND130 billion in the same period last year.

VNG Corporation has been seeking to raise US$100 million in a fresh funding round and has been working with Maybank on fundraising.

VNZ is currently trading at VND771,900 per share, the highest price on the stock exchange. However, this stock has dropped by nearly 50% in price compared to its peak in mid-February when it was over VND1.5 million.

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