PLX

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.

On June 4, 2026, foreign investors net sold VND 5,742.2 billion on the Vietnamese stock market, the largest daily sell-off in recent months, but domestic institutions absorbed the entire amount with net purchases of VND 5,915.0 billion. A notable block trade saw 25.2 million VIC shares worth VND 4,997.4 billion transferred from foreign to domestic hands, signaling a major ownership shift in Vingroup.

Foreign investors net sold a record VND 5,760 billion on June 4, 2026, with Vingroup (VIC) accounting for VND 4,900 billion of the outflow, primarily via block trades. The selling occurred despite a recovering VN-Index, highlighting concentrated foreign divestment from the real estate giant. FPT was the top net buy at VND 257 billion.

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.

Petrolimex (PLX) will sell its entire 23.3 million treasury shares to restore compliance with the public company rule requiring at least 10% of voting shares held by non-major shareholders. The move also aims to strengthen financial capacity and long-term capital balance after reporting a Q1/2026 net loss attributable to parent of VND 763 billion.

Petrolimex (PLX) plans to sell all 23.3 million treasury shares (1.8% of charter capital) to raise minority shareholder ownership above the 10% threshold required by securities law, after falling short at 9.4%. The move comes as PLX reported a Q1/2026 net loss of VND 662 billion, its worst in 25 quarters, despite record revenue.

PLX and OIL are the dominant blenders under Vietnam's E10 mandate, with combined licensed capacity of 775,000 m3/month, covering 89% of domestic gasoline supply. The regulation, now cleared by the Ministry of Justice, creates structural demand for ethanol and reinforces the market position of these two state-linked distributors.

PLX and OIL face a regulatory shift as Vietnam mandates E10 gasoline nationwide from June 1, 2026, replacing all unleaded gasoline with ethanol-blended fuel. Both state-owned distributors have completed retail system conversions, with E5 RON92 retained until end-2030. The move aims to reduce emissions and align with global biofuel trends, potentially boosting ethanol demand but requiring operational adjustments.

PLX, Vietnam's largest fuel retailer with 5,500 stations, partners with Viettel on six strategic pillars including smart petrol stations, cashless payments, big data, AI, clean energy, and insurance. The deal aims to digitize Petrolimex's retail network and could set a new standard for fuel retail in Vietnam.