Vietnam’s Most Expensive Industrial Park Stock Set to Trade on HOSE

The Ho Chi Minh City Stock Exchange (HOSE) approved the listing of nearly 24 million NTC shares of Nam Tan Uyen Industrial Joint Stock Company on September 29, with a total listing value of approximately VND 240 billion.

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This marks a pivotal moment for Nam Tan Uyen after years of trading on UPCoM, fulfilling a plan that shareholders have been discussing since 2022.

As of the end of June, NTC has three major shareholders: Phuoc Hoa Rubber Joint Stock Company (HOSE: PHR), Vietnam Rubber Industry Group – JSC (HOSE: GVR), and Saigon VRG Investment Corporation (HOSE: SIP), holding over 73% of the capital.

Shareholder structure of NTC as of the end of June 2025

Source: NTC

Additionally, NTC‘s stock price stands at 161,700 VND/share (as of the closing session on 30/09), among the highest in the market, down 22% since the beginning of the year. The average liquidity is over 55.7 thousand shares/session, which limits accessibility for individual investors.

NTC stock price movement since the beginning of 2025
NTC is currently the industrial park real estate company with the highest stock price in the industry

Currently, NTC manages 3 industrial parks in the former Tan Uyen city, covering approximately 966.5 hectares of industrial land. Among these, the expanded phase II of Nam Tan Uyen Industrial Park (over 344 hectares) has been granted a construction permit and will become a significant source of industrial land supply in the coming years.

In 2025, Nam Tan Uyen aims to lease around 75 hectares of industrial land. The company is also exploring the expansion of its business activities to include factory rental services in the expanded phase II of Nam Tan Uyen Industrial Park.

Thanh Tú

– 15:59 30/09/2025

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