Hanoi (VNS/VNA) - The Hanoi Stock Exchange (HNX) recently approved the listing of 23.7 million shares of TNV, owned by the Thong Nhat Ha Noi JSC, on the UpCom bourse.
The transaction value for these shares is 237 billion VND (9.3 million USD), priced at 10,000 VND per share.
Established in 1960 as the Thong Nhat Bicycle Factory, Thong Nhat Ha Noi has a rich history. Thong Nhat bicycles were once a beloved brand synonymous with generations of Vietnamese people.
As of June, ahead of the UpCom listing registration completion, major shareholders in Thong Nhat Ha Noi include the Hanoi People’s Committee, representing 45% of state capital, VSD Investment JSC with a 41.68% stake and Trinh Nguyen Khanh with 12.17%.
The iconic Thong Nhat brand saw consistent revenue growth from 2020 to 2023.
Revenues increased from 77.9 billion VND in 2020 to 100.5 billion VND in 2021. However, the company faced losses of 10 billion VND and 10.7 billion VND in 2020 and 2021, respectively, due to the impact of the COVID-19 pandemic.
By 2022, its revenue surged by almost 42% to 142 billion VND, with TNV returning to profitability at 13.7 billion VND. In 2023, revenue continued its upward trajectory, reaching 176.6 billion VND, although net profit decreased to 2.6 billion VND.
Last year, sports bicycle sales at the Thong Nhat Ha Noi 🔜JSC dropped by 50%, totalling around 12,000 units. Conversely, sales of children's bicycles saw a significant 140% increase year-on-year, with over 74,000 units sold./.
Foreign investors have been strongly net selling on the domestic stock market, focusing on many blue-chip stocks, putting pressure on the market's sentiment. However, this net selling and capital withdrawal by foreign investors is not yet a worrying trend.
Leading investment fund VinaCapital remains confident in the Vietnamese stock market in the last months of this year despite foreign investors’ heavy net selling.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
