Vietnamese conglomerate Vingroup has divested a 55% stake in SDI, which indirectly holds a 41.5% stake in Vincom Retail JSC via its subsidiary Sado Trading JSC.
As the VND/USD exchange rate heat shows no signs of cooling down and market volatility is at a high level, stock investors need to patiently observe market developments and wait for the market to establish a short-term balance zone, according to Vietnamese brokers.
In the fourth quarter of 2023, overall brokerage revenue of securities companies fell 21 per cent from the third quarter, while the outstanding balance increased by around 15,000.