GVR

GVR targets 2025 revenue of nearly VND 33,000 billion (+4% YoY), a record high, while pre-tax profit is expected to decline slightly to VND 6,900 billion. The company forecasts average rubber prices to rise at least 5% this year and sees a structural supply deficit supporting long-term growth.

Foreign investors net sold over VND 510 billion on June 11, with NVL, VHM, VIC and several bank stocks (TCB, VPB, HDB, EIB) as the most sold. VNM was the top net bought stock, while KBC and GVR also saw modest inflows. The selling pressure contributed to the VN-Index closing down 5 points at 1,799.

BCM, PLX, and GVR do not meet public company conditions due to concentrated shareholder structures, with state ownership exceeding 95% in BCM and GVR. Transitional regulations under Law 68/2025/QH15 allow them to maintain public company status while executing approved restructuring plans. BCM targets reducing state ownership to 65% by 2026-2030 via public issuance, while PLX plans to sell treasury shares to comply.

GVR confirms it will not lose public company status despite having only 3.23% of shares held by non-major shareholders, well below the 10% threshold. The exemption applies under transitional regulations for state-owned enterprises undergoing capital restructuring as per Decree 57/2026. This regulatory clarity removes a key overhang for GVR and similar SOEs like BCM and PLX.

ACB was the most sold stock by proprietary trading desks on HOSE, with net selling of VND 82 billion, as foreign investors unexpectedly net sold a massive VND 5,760 billion across the entire market. The selling pressure comes despite a market rebound, signaling caution from both domestic and foreign institutional players.

Vietnam Rubber Group (GVR) has dismissed Deputy General Director Tran Thanh Phung effective July 1, 2026, for retirement. The company also postponed its 2026 AGM to June 17, 2026, and reported 2025 results exceeding targets, with net profit reaching VND 5,998 billion (120.58% of plan).

VIC saw a net sell of 4.8 trillion VND on June 4 via a large block trade, contributing to a total foreign net sell of over 5.7 trillion VND. Proprietary desks also net sold 372 billion VND. FPT led foreign buying with 270 billion VND.

Foreign investors net sold nearly VND 6,000 billion in a single session, with VIC alone accounting for VND 4,900 billion of the outflow. Domestic institutions net bought VND 5,500 billion, partially offsetting the selling. Analysts expect the foreign selling trend to continue until August or September, tied to market upgrade expectations.

The State Bank of Vietnam (SBV) permits credit institutions to exclude loans for social housing and industrial parks from the 2026 real estate credit growth limit, redirecting capital to priority sectors without easing overall controls. GVR and PHR benefit indirectly through faster conversion of rubber land into industrial park land, though legal approvals remain the key bottleneck.