On December 10, 2025, Halcom Vietnam JSC’s (ticker: HID) shares closed the session with a dramatic 6.95% decline, settling at VND 9,770 per share. This marked the second consecutive day of losses, ending a 14-session winning streak. Since peaking at VND 11,150 on December 8, HID’s price has corrected by 12.4%.
Prior to this downturn, HID shares had consolidated around the VND 3,000 level throughout September and October. From this base, the stock surged to its peak of VND 11,150, representing a 270%+ gain (3.7x increase) in just two months.
Trading volumes remained robust during recent pullbacks, with the December 9 session recording a record 4.8 million matched orders.
On December 9, Halcom Vietnam clarified that share price movements were solely driven by market supply and demand, with no corporate intervention. Earlier, the company attributed November’s rally to strong financials, reporting Q3 profits of VND 59 billion—a sharp rise from VND 4 billion year-on-year.
VND 9.1 Trillion Project: Halcom Transfers Research to Vingroup
HID’s price momentum may be linked to developments in the Halcom Hong Duc Wind Power Plant (Quang Tri), a VND 9.127 trillion project with a 200MW capacity recently approved for investment.
Since September 2025, Halcom Vietnam has sought to transfer project development research to Vingroup. In November, Vingroup formally submitted its project proposal, coinciding with HID’s breakout from its consolidation range.
Quang Tri Province has approved the investment framework and acknowledged Vingroup’s proposal. The official investor selection process is expected to conclude within three months.
Widespread Capital Restructuring in Subsidiaries
Concurrently, Halcom Vietnam’s Board approved capital restructuring across subsidiaries. At Halcom Quang Binh Wind Power JSC, chartered capital was reduced from VND 66.25 billion to VND 2 billion via shareholder capital refunds, maintaining Halcom’s 96.154% stake.
Similarly, Can Tho Urban Development JSC cut its outstanding shares from 18.6 million to 242,000, preserving Halcom’s 96.88% ownership. For divestments, Halcom plans to offload its entire 4.1 million-share stake in Halcom Nhon Hoi Water JSC and has reduced its Northern Environment Company stake to 98%.
In Q2 FY2025, Halcom Vietnam reported revenue of VND 209 billion and net profit of VND 59 billion, both significantly higher year-over-year.
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