In Q3/2025, the biggest beneficiaries of stock market investments were two familiar names: MHC Joint Stock Company (HOSE: MHC), with profits reaching 162 billion VND, and Danang Housing Development Investment Joint Stock Company (HOSE: NDN), with 82 billion VND. At the beginning of the quarter, the stock portfolio value of both companies exceeded 500 billion VND.
Stock investment is not a common choice for listed companies due to its high risk and price volatility, which can lead to unstable profits. Typically, companies with idle cash prefer term deposits or opt for moderate-risk investments like bonds.
However, during vibrant market periods, the appeal of stocks grows, attracting not only individual investors but also some listed companies.
In Q3 this year, alongside MHC and Danang Housing, other participants in the stock market included Petrosetco (HOSE: PET), Vinh Hoan (HOSE: VHC), Licogi 14 (HNX: L14), and C32 (HOSE: C32).
|
Stock Investment Activities of Listed Companies
Unit: Billion VND
Source: Q3/2025 Consolidated Financial Reports of Companies
|
Notably, after significant stock market gains in Q3/2025, MHC aggressively sold stocks, reducing its investment portfolio by over 80%. Vinh Hoan followed suit, divesting from real estate stocks held since 2021-2022.
The moves by MHC and Vinh Hoan proved effective as the market faced negative volatility in the final quarter. Despite the VN-Index rising 1.1% from October 2025 to November 26, major stocks in MHC‘s portfolio, such as GEX, VIX, and EIB, fell by 13%, 32%, and 15%, respectively. Similarly, DXS, a stock Vinh Hoan divested from, dropped by 16%.
Conversely, Petrosetco significantly increased its stock investments in Q3, exposing itself to higher market risks.
The company’s consolidated financial report did not disclose its stock holdings at the end of the quarter. However, stocks like GEX and VIX, which recently saw sharp declines, were major investments in Petrosetco’s portfolio earlier in the year.
|
Stock Portfolios of Listed Companies
Source: 6-Month and Q3/2025 Consolidated Financial Reports
|
– 08:00 28/11/2025
Retail and Distribution Businesses: Navigating the Challenges of Sluggish Consumer Spending
The non-essential consumer goods sector, including electronics, appliances, and automobiles, faces intensifying competition amid cautious consumer spending. Despite this, several major listed companies in the distribution and retail industry demonstrate resilience, steadily gaining market share.
Fertilizer Companies Report Significant Profit Surge in Q3
The remarkable surge in domestic urea prices during Q3 2025 has propelled fertilizer companies to outstanding performance, further bolstered by the official implementation of the 5% VAT on fertilizers. Conversely, the chemicals sector faced less favorable conditions.
Q3 2025 Aviation Outlook: Airline Growth Stalls, Services Diverge Sharply
The Vietnamese aviation market in Q3/2025 concluded with contrasting business results among different enterprise groups. ACV reported a significant profit surge, driven by a wave of international passengers, while airlines faced declining profits. The inauguration of Terminal 3 at Tan Son Nhat Airport has reshaped the aviation service landscape.
Ho Chi Minh City Real Estate Boom: Flood of Listings, But Crowded Market Doesn’t Guarantee Sales
As the year draws to a close, the real estate market enters its peak season, unsurprisingly flooding the scene with a wave of new projects. Yet, in an era where savvy buyers reign supreme, a bustling marketplace no longer guarantees sales success.
How Did Residential Real Estate Businesses Perform in Q3?
Despite numerous businesses experiencing profit surges, the residential real estate sector listed on the stock exchange witnessed a decline in Q3 2025 performance compared to the same period last year.
