Prepared
for the Future
Last week,
VN-Index rose
34.67 points to 1,209.52 points. However, trading liquidity on the HoSE floor reached only VND 82,793 billion, a decrease of nearly 37% compared to the previous week. HNX-Index ended the week at 226.82 points, up 2.73% compared to the previous week.
Statistics on the HoSE floor show that foreign investors sold 41.77 million units net, with a total net selling value of over VND 1,127.39 billion. On the HNX floor, foreign investors net bought for 5 consecutive sessions with 8.18 million units, with a total net buying value of over VND 339 billion.
On the Upcom market, foreign investors net bought 130,700 units (down nearly 89% compared to the previous week) but the total value was a net sell of nearly VND 53 billion. Thus, in the trading week from April 22-26 across the market, foreign investors sold 33.46 million units net, with a total net selling value of over VND 840 billion.
Mr. Nguyen Ho Nam.
Mr. Nguyen Ho Nam has just submitted a resignation letter from the position of Chairman of the Board of Directors of Bamboo Capital Group (stock code: BCG) after being elected as a Member of the Board of Directors of Vietnam Import-Export Commercial Joint Stock Bank (Eximbank – stock code: EIB).
Previously, on the morning of April 26, Eximbank held its 2024 annual general meeting of shareholders. The meeting voted to appoint Mr. Nguyen Ho Nam –
Chairman
of the Board of Directors of Bamboo Capital Group – to the Board of Directors of Eximbank for the term 2020 – 2025.
In the afternoon of the same day, Bamboo Capital Group received a resignation letter from Mr. Nguyen Ho Nam from the position of Chairman of the Board of Directors of Bamboo Capital. Therefore, the Board of Directors of Bamboo Capital added the content to submit to the general meeting of shareholders to dismiss Mr. Nguyen Ho Nam from his position as a member of the Board of Directors for the term 2020 – 2025.
In his resignation letter, Mr. Nam said that he was resigning from the position of Chairman of the Board of Directors of Bamboo Capital to focus on his work in charge of the Founding Council and the Advisory Council in directing the strategic orientation of Bamboo Capital.
At the 2024 annual general meeting of shareholders of Bamboo Capital on the morning of April 27, the election of Mr. Kou Kok Yiow as Chairman of the Board of Directors was approved. Mr. Nguyen Ho Nam withdrew from the Board of Directors to assume the position of Chairman of the BCG Strategy Council.
Speaking at the meeting,
Mr. Nguyen Ho Nam
shared that BCG is accelerating its ESG journey by applying a leading-edge modern platform to monitor, analyze, and assess the level of carbon emissions at its member companies. Sustainability reporting is increasingly valued and implemented with higher and stricter standards, which is an important part of the sustainable development and green growth plan that BCG has set out for itself and its member companies.
Bamboo Capital Group is accelerating its ESG journey.
In 2024, the forecast for the Vietnamese and global economy remains difficult, but BCG will continue to strive to enhance its ability to turn challenges into opportunities, thereby achieving its 2024 business goals.
Answering a shareholder’s question about why he resigned, Mr. Nguyen Ho Nam said that the Group had prepared for this in advance in the direction of restructuring. BCG currently has 12 leaders ready to succeed the 9 original founders, and under these 12 there is a team of 42 core personnel ready to take over.
BCG is developing a group model that is not dependent on any one member, so the founding personnel will gradually withdraw from the Board of Directors so that the next generation of personnel can develop with a more solid mindset. “I am not resigning to leave, but to move to a new position as the strategic council, in which I will be Chairman. With the new mindset, the strategic council will take the time to find new directions for the Group,” said Mr. Nam.
N
ew Appointments at Eximbank
Similarly, Eximbank has just announced changes in its senior management. Accordingly, Eximbank dismissed Ms. Do Ha Phuong according to her resignation letter from the position of Chairwoman of the Board of Directors, which was approved by the Board of Directors on April 26.
At the same time, Eximbank appointed Mr. Nguyen Canh Anh as Chairman of the Board of Directors for term VII (2020 – 2025) from April 26. Previously, Mr. Nguyen Canh Anh served as a member of the Board of Directors of Eximbank.
Eximbank appointed Mr. Nguyen Canh Anh as Chairman of the Board of Directors for term VII.
In parallel, Ms. Do Ha Phuong and Ms. Luong Thi Cam Tu were also appointed as Vice Chairwomen of the Board of Directors of Eximbank. Thus, the Board of Directors for term VII of Eximbank consists of 7 members, including Chairman of the Board of Directors Nguyen Canh Anh, 4 Vice Chairmen of the Board of Directors (Mr. Nguyen Ho Nam, Ms. Luong Thi Cam Tu, Ms. Do Ha Phuong and Mr. Tran Tan Loc), Member of the Board of Directors (Mr. Pham Quang Dung) and Independent Member of the Board of Directors (Mr. Tran Anh Thang).
Baby Corn Co., Ltd. has registered to divest all of the nearly 1.8 million shares it holds in An Giang Food and Agricultural JSC (stock code: ANT) from April 26 to May 24, through negotiation and order matching methods. If the transaction is successful, Baby Corn will no longer own any shares and will no longer be a shareholder of ANT. It is estimated that Baby Corn could raise nearly VND 18 billion if the deal is completed.
Baby Corn is an organization linked to Ms. Hoang Ngan Ha – Head of the Board of Supervisors of ANT. Ms. Ha is currently the Director of Baby Corn and does not own any ANT shares. Previously, Baby Corn had registered to sell the aforementioned
ANT shares
during the period from February 23 to March 22, but was unsuccessful due to unexpected market fluctuations.
