Breaking News: Vingroup Offers 0% Interest Loans to Businesses

Pomina Steel Corporation (stock code: POM) will hold an extraordinary shareholders’ meeting in December 2025. The agenda includes presenting the financial report for the first nine months of the year and proposing a restructuring plan. However, the detailed proposal has not yet been disclosed by Pomina Steel.

Previously, on November 18th, Pomina Steel finalized the list of shareholders eligible to attend the extraordinary general meeting in 2025. Notably, despite POM shares being restricted to trading only on Fridays, the stock has experienced a remarkable four consecutive sessions of reaching the upper limit.

In a recent announcement, Vingroup (stock code: VIC), through its subsidiary VinMetal, will provide Pomina with a working capital loan for a maximum of two years at a 0% interest rate. This preferential capital from Vingroup will enable Pomina to improve its cash flow, restore its supply chain, and ensure stable production operations.

In addition to the loan, Vingroup will prioritize Pomina as a steel supplier for its subsidiaries within the VIC ecosystem, including VinFast, Vinhomes, and VinSpeed. This move aims to secure a sustainable market for Pomina’s products and is part of Vingroup’s strategy to increase the localization of materials in its major projects in Vietnam.

The position of VinMetal’s CEO has been entrusted to Mr. Phạm Nhật Quân Anh, the son of Mr. Phạm Nhật Vượng, Chairman of Vingroup’s Board of Directors, to ensure continuity in the group’s metallurgy development strategy.

According to Pomina’s Q3 financial report, net revenue reached 203 billion VND (a 58% decrease compared to the same period last year), with a post-tax loss of nearly 183 billion VND (compared to a loss of 286 billion VND in the same period last year).

Pomina attributed the Q3 post-tax loss primarily to the temporary suspension of operations at Pomina 3 plant. Production activities at other plants have not fully recovered, while short-term borrowing costs remain high, resulting in a loss for the period.

Loc Phat Joint Stock Commercial Bank (LPBank – stock code: LPB) has announced an extraordinary shareholders’ meeting in 2025. A key agenda item is to increase the maximum foreign ownership ratio from 5% to 30%. LPBank stated that this move aligns with its proactive integration strategy, aiming to attract high-quality resources to support the bank’s long-term development.

This initiative is expected to bring significant benefits, including enhanced financial capacity, improved transparency, standardized governance, increased attractiveness for LPB shares, support for digital transformation strategies, network expansion, and a foundation for attracting foreign strategic investors.

LPB requests shareholders to authorize the bank to actively seek and engage with potential strategic investors or study suitable allocation ratios, thereby developing an optimal plan to present at the upcoming meeting.

Furthermore, LPBank will propose amendments to its charter and internal regulations regarding governance to ensure compliance with State Bank regulations, the Enterprise Law, and operational realities.

The proposed amendments include specifying the language for meeting minutes, adjusting share repurchase procedures in line with new State Bank guidelines, standardizing terminology, refining voting procedures for efficiency, and updating the charter’s effective date.