Vietnam Investment and Import-Export Trading JSC’s (VPG) share price witnessed a continuous decline over five consecutive sessions from June 3rd to June 9th, 2025, plummeting by the maximum allowed limit each day. The stock price rapidly lost 30% of its value, dropping to 8,400 VND per share, resulting in an evaporation of nearly 316 billion VND in market capitalization.
Each session witnessed a large surplus of sell orders at the lowest allowable price, with an average of over 5 million shares being “floor sold” without corresponding buy orders.
Interestingly, the share price reversed course on June 11th, surging by the maximum allowed limit to reach 8,610 VND per share.
Providing an explanation for this volatility, VPG attributed the five consecutive floor sessions to investors’ psychological impact due to news related to insiders. The company affirmed that share prices are determined by market forces and are beyond the company’s control. Currently, VPG is focusing on stabilizing its personnel and maintaining normal operations to ensure the fulfillment of its production and business plans.
In early June, VPG drew attention following the news of the arrest and indictment of its Chairman and General Director.
Specifically, on June 2nd, based on investigation results, the Police Department for Corruption, Economic, and Smuggling Crimes Investigation under the Ministry of Public Security (C03) decided to initiate legal proceedings against eight individuals involved in the “Violation of regulations on the management and use of State assets, causing losses and wastefulness; Bribery; Receiving bribes; and Brokerage of bribes” at the Vietnam Mineral and Metallurgy Corporation (VTM) and related units. Among them, Mr. Nguyen Van Binh, Chairman of VPG’s Board of Directors, and Mr. Nguyen Van Duc, VPG’s General Director, were indicted for bribery under Article 364 of the Criminal Code.
Consequently, both executives stepped down from their positions at VPG. Ms. Le Thi Thanh Le, Mr. Binh’s wife, was appointed as the new Chairman of the Board of Directors and legal representative of the company, effective June 3rd.
Vietnam Investment and Import-Export Trading JSC operates in various sectors, including the import and export of iron ore and coke; providing raw materials to large manufacturing plants; cargo transportation; warehouse, wharf, and cargo storage leasing; and real estate investment. The company has partnerships with renowned Vietnamese enterprises such as Duyen Hai Power Company (under EVN), PetroVietnam’s Oil and Gas Generation Corporation, and Hoa Phat Steel Joint Stock Company in Hai Duong province.
Regarding its business performance, in the first quarter of 2025, VPG recorded a pure revenue of VND 4,625 billion, a 43% increase compared to the same period last year. As a result, its post-tax profit reached nearly VND 21 billion, almost 12 times higher. VPG attributed this impressive performance to the significant increase in real estate revenue and a 71% surge in financial investment income.
For the full year of 2025, the company has set targets of VND 16,500 billion in pure revenue, a nearly 2% increase compared to 2024, and VND 170 billion in post-tax profit, a 72% jump. In the first quarter, VPG has achieved 28% of its revenue plan and 12% of its profit target.
