Basic Resources

Vimico (KSV) disclosed that CEO Trinh Van Tue faces bribery charges under Article 354 of the Penal Code, one day after the board removed him effective 29 October 2026 and handed interim control to Deputy CEO Ly Xuan Tuyen. Separately, the board approved an HNX auction of its entire 51% stake, or 1.785 million shares, in subsidiary Khoang san 3 - Vimico.

Vimico (KSV) has dismissed CEO Trinh Van Tue after prosecutors charged him with accepting bribes, and has convened an extraordinary shareholders' meeting for 15 December 2026 to fill the governance gap. The company simultaneously flagged a 30% cash dividend (about VND 900B) and H1 2026 revenue up 42% with profit more than tripling.

Vimico (KSV) has dismissed CEO Trinh Van Tue after prosecutors charged him with accepting bribes under Article 354 of the Penal Code, naming Deputy CEO Ly Xuan Tuyen as acting CEO and legal representative. The company has convened an extraordinary shareholder meeting for 15 December 2026, with a record date of 20 November, but has not yet disclosed the agenda.

VIMICO (KSV) dismissed CEO Trinh Van Tue effective 29/10/2026 after prosecutors charged him with bribery under Article 354 of the Penal Code, and named Deputy CEO Ly Xuan Tuyen as acting chief executive and legal representative. KSV shares closed 2.41% lower at VND 109,500 on 30/10, valuing the HNX-listed miner at roughly VND 32,850 billion.

Foreign investors net sold VND 633.74B on HOSE on 30 October, with Vingroup (VIC) alone accounting for VND 353.68B of the outflow at a close of VND 241,000. VN-Index fell 0.8% to 1,741.62 and HNX-Index dropped 1.51% to 252.74, with materials and industrials leading declines while utilities rose.

VN-Index fell sharply as liquidity dried up, with blue-chips like VIC and VHM dragging the index down nearly 14 points; foreign investors turned net sellers on HoSE.

Hòa Phát (HPG) was the single largest foreign net-buy on matched orders on 29/10, rising 2.17% and adding roughly 0.79 points to the VN-Index even as foreigners net sold VND 429.9B across the market. Steel was one of only a handful of sectors to close higher, with liquidity also picking up.

Foreign investors net sold over VND 540B and proprietary desks nearly VND 282B on October 29, a combined outflow near VND 825B. Techcombank (TCB) absorbed the heaviest selling from both cohorts, while HPG led foreign net buying at more than VND 63B.

PVT, PVP and PPT all closed limit-down on 29 October after PVT ran up nearly 60% between late July and early October, part of a sector-wide profit-taking wave that pulled the VN-Index down 0.62% to 1,755.61. Foreign investors sold a net VND 430 billion and only 97 HoSE names advanced against 215 decliners.

PVT closed limit-down at 21,300 VND with more than 21 million shares traded as Brent slipped nearly 1% to $114 a barrel and investors digested news that the State will retain 100% ownership of Petrovietnam. GAS and BSR were among the ten heaviest drags on the VN-Index, which fell more than 11 points to 1,755, while foreign investors net sold over VND 450 billion for a fifth straight session.