In 2023, Kinh Bac Urban Development Corporation (KBC) of Mr. Dang Thanh Tam benefited from the strong increase in cash flow in industrial real estate business. Thereby, KBC reduced its debt and erased all VND 2,400 billion in bond debt from its books. Specifically, KBC paid off the KBCH2123001 bond (due on February 22, 2023), worth VND 400 billion, on time; bought back all KBCH2123002 bonds (due on June 3, 2023), worth VND 1,000 billion, and completed payment on April 5, 2023. KBC has purchased the entire KBCH2123004 bond lot (due November 11, 2024), worth VND1,000 billion, and completed payment on March 31, 2023. Along with KBC, many businesses have also fully paid off their bond debt. Phat Dat Real Estate Development Corporation (PDR) has also recently announced that it has reduced its bond debt to zero. Of which, PDR bought back all 2 bond lots with a total issued face value of VND800 billion, and spent VND37.5 billion to buy back the entire PDR12204 bond lot ahead of schedule. According to statistics from the Hanoi Stock Exchange (HNX), in 2023, 35 real estate companies will fully pay off their bond debt, with a total payment of more than VND20,000 billion. Of which, Dong Duong Real Estate Investment JSC, the investor of La Vida Residences project in Vung Tau, has completed all bond debt for bondholders with a total amount of VND 1,200 billion due to a sharp increase in profits in the first half of 2023. Nice Star Real Estate Investment and Development LLC bought back the entire VND 1,500 billion 4-year bond lot, interest rate 12.5%/year in October. Similarly, Phuc Long Van JSC - the investor of Phuc Long Van residential area project in Long An province, completed its obligations to bondholders early when buying back VND 1,350 billion bond lot, interest rate 11.75%/year, issued in July 2019 and scheduled to mature 4 years later. LC Real Estate Trading LLC spent VND 1,000 billion to pay off bonds in 2023 despite having a net loss of VND 100 billion. Despite a loss of VND 123 billion in the first 6 months of 2023, Eurowindow Nha Trang Tourism Investment JSC also paid off VND 586 billion in bond debt before maturity after 1 year of issuance. Business news The stock market has a number of other important events of listed enterprises on the stock exchange. * GVR : Vietnam Rubber Industry Group announced its production and business results in 2023, estimated at VND 24,485 billion (exceeding 1% of the plan but down nearly 4% compared to the previous year). Consolidated pre-tax profit reached VND 4,015 billion (exceeding 1.4% of the plan but down nearly 30% compared to the previous year). * PSW: Southwest Petrochemical and Fertilizer JSC announced adjustments to some business targets for 2023. Specifically, revenue reached VND 2,870 billion, down 31%; After-tax profit is still more than 4 billion VND, equal to about 1/5 of the plan approved at the 2023 General Meeting of Shareholders. * C92: The State Securities Commission issued a decision to impose an administrative fine of 60 million VND on Construction and Investment Joint Stock Company 492 for not disclosing information on time as prescribed. * MVN: In 2023, Vietnam National Shipping Lines recorded revenue of 17,964 billion VND, exceeding the plan by 4%; profit reached 2,084 billion VND, equal to 90% of the yearly plan. * DIG: On January 3, Construction Development Investment Joint Stock Corporation received a notice from the Department of Planning and Investment of Ba Ria - Vung Tau province on the completion of the dissolution of DIC Trading Development Investment Joint Stock Company - a subsidiary of DIG. * ACV: Vietnam Airports Corporation announced its estimated business results for 2023 with total revenue reaching more than VND 20,000 billion, exceeding the annual plan by 3% and increasing by 26% compared to 2022. Pre-tax profit reached VND 8,646 billion, exceeding the annual plan by 2% and increasing by 14% compared to 2022. * CTR: Viettel Construction Corporation announced the closing of the list of shareholders to receive the remaining 2022 cash dividend at a rate of 19.19%. The ex-rights transaction date is January 18. * GDT: Duc Thanh Wood Processing JSC announced the closing of the list of shareholders to receive the first interim dividend in 2023 in cash at a rate of 10%. The ex-rights transaction date is January 16. * CII: City Infrastructure Investment Joint Stock Company. HCM announced the implementation of a plan to pay cash dividends regularly on the first day of each quarter, with a payment rate of 4%/quarter, equivalent to 16%/year. VN-Index At the end of the trading session on January 5, VN-Index increased by 3.96 points (+0.34%) to 1,154.68 points, HNX-Index increased by 0.2 points (+0.09%) to 232.76 points, UpCOM-Index increased by 0.2 points (+0.23%), to 87.93 points. According to Agriseco Securities, the increase was quite hasty from the bottom of 1,080 points without any significant adjustment, making the pressure of fluctuations increasingly clear when the index approached the resistance level around 1,170-1,180 points. In a positive scenario, VN-Index is expected to experience a sideways accumulation around 1,130-1,180 points to relieve short-term profit-taking pressure before returning to the uptrend. According to KIS Vietnam Securities, the net selling pressure from foreign investors in the first week of 2024 is not worrisome. In addition, the pressure from foreign investors has been absorbed by the demand of domestic investors. This happened in 2023, thanks to this demand, the market did not decline sharply due to selling pressure from foreign investors.
Tycoon Dang Thanh Tam plans to add 2 more industrial parks of 1,300 hectares to welcome Chinese, American, and Japanese investors . Mr. Dang Thanh Tam's enterprise continues to expand the land area of ​​industrial parks to welcome large capital flows from investors from China, Japan, the US, etc.