Top Executives Step Down from Leadership Roles

Last week, the VN-Index surged by 83.41 points to reach 1,784.49. The total trading value across the market hit VND 165,541 billion, averaging over VND 33,100 billion per session. Conversely, the HNX-Index closed at 247.1 points, a decline of 1.67 points from the previous week. Liquidity on the HNX was more vibrant, with a total trading value of VND 9,890 billion for the week, averaging nearly VND 1,980 billion.

On the HoSE, foreign investors net bought 35.7 million units, with a net value of over VND 637 billion. On the HNX, foreign investors net bought 0.72 million units, valued at nearly VND 27 billion.

For the Upcom market, foreign investors net sold for five consecutive sessions, totaling 3.25 million units, with a net value of over VND 165 billion. Overall, during the trading week from January 5th to 9th, foreign investors net bought 33.2 million units across the market, with a corresponding net value of over VND 499 billion.

Leadership Changes in Enterprises

SMC Investment and Trading Joint Stock Company (stock code: SMC) recently conducted a written shareholder vote, approving the dismissal of three Board of Directors members: Mr. Fujitsuka Masahiko, Mr. Nguyen Huu Kinh Luan, and Mr. Vu Anh Nguyen, as well as the dismissal of Mr. Nguyen Quang Trung from the Supervisory Board.

Previously, at an extraordinary shareholders’ meeting in late October 2025, SMC dismissed two Board of Directors members, Mr. Hua Vu and Ms. Nguyen Thi Ngoc Loan (Chairwoman of the Board), and appointed three new Board members: Mr. Pham Hoang Anh (Chairman of the Board), Mr. Hoang Trung Dung, and Mr. Nguyen Ngoc Anh Duy. SMC also appointed two new Supervisory Board members: Mr. Nguyen Quang Trung and Ms. Thai Thi Van Anh.

Additionally, SMC announced the dismissal of General Director Dang Huy Hiep, replacing him with Mr. Nguyen Quang Trung. Mr. Hiep had been appointed General Director since October 1, 2019, succeeding Ms. Nguyen Thi Ngoc Loan.

The new General Director of SMC, Mr. Nguyen Quang Trung, holds a degree in Industrial Engineering and Management. From 2023 to the present, he has served as the General Director of Connectlog Vietnam Co., Ltd. and was appointed to the SMC Supervisory Board in late September 2025 but was dismissed from this position by the end of 2025.

On January 28th, Song Da 11 Joint Stock Company (stock code: SJE) will hold an extraordinary shareholders’ meeting in 2026 to discuss personnel matters. Song Da 11 will propose the dismissal of Mr. Vu Trong Vinh from the Board of Directors and Mr. Doan Hai Trung from the Supervisory Board. Conversely, Song Da 11 is accepting nominations for Board of Directors and Supervisory Board members for the 2024-2029 term.

Hai Minh Joint Stock Company (stock code: HMH) made a significant personnel decision by appointing Mr. Tran Doan Vien as General Director, replacing Mr. Kwok Michael Wa Tong. Prior to his appointment, Mr. Vien served as Deputy General Director and a member of the HMH Board of Directors.

Saigon-Hanoi Securities Joint Stock Company (stock code: SHS) recently announced a Board of Directors resolution regarding senior management changes. SHS approved the resignation of Mr. Nguyen Chi Thanh from his positions as Board member and General Director due to personal reasons and appointed Mr. Nguyen Duy Linh as the new General Director.

DIC Corp Chairman’s 1 Million Shares Sold in Margin Call

Mr. Nguyen Hung Cuong, Chairman of the Board of Directors of DIC Corporation (DIC Corp – stock code: DIG), recently had 1,072,400 DIG shares sold in a margin call, reducing his ownership to 8.47% of the charter capital.

Additionally, Ms. Le Thi Ha Thanh, Mr. Cuong’s mother, had 163,200 DIG shares sold in a margin call, reducing her ownership to 2.27% of the charter capital. Thus, the DIC Corp Chairman and his mother had a total of 1,235,600 DIG shares sold in margin calls. From October 17, 2025, to January 7, DIG shares fell by over 30%, from VND 24,600 to VND 17,150 per share.

Previously, following the issuance of 150 million shares to existing shareholders, the Cuong family’s ownership in DIC Corp decreased by nearly 1.5% due to exercising less than 50% of their allocated purchase rights.

VOF Investment Limited recently sold 285,000 PHR shares of Phuoc Hoa Rubber Joint Stock Company (stock code: PHR), reducing its ownership to 2.97% of the charter capital.

After the transaction, VOF Investment Limited and related parties reduced their combined ownership to 4.91%, no longer qualifying as a major shareholder of Phuoc Hoa Rubber. From October 20, 2025, to January 8, PHR shares increased by 20%, from VND 48,650 to VND 58,400 per share.