The Ho Chi Minh City Stock Exchange (HoSE) recently approved Taseco Land's listing of 311.8 million TAL shares. The company is currently trading on the Unlisted Public Company Market (UPCoM) at 27,700 VND per share, equivalent to a market capitalization of over 8,600 billion VND.

Established in 2009, Taseco Land is a subsidiary of Taseco Group, specializing in real estate investment and development. The company is the developer of several projects, including Nghi Son Central Park and Central Riverside Thanh Hoa in Thanh Hoa province; Central Square Pho Yen in Thai Nguyen; and Long Bien Central, Landmark 55 in Hanoi.

TAL shares began trading on UPCoM on 9/1/2024. Since announcing its 2023 financial results, the company has recorded trillions of VND in revenue and hundreds of billions of VND in profit each fiscal year.

In the first quarter of this year, Taseco Land brought in 376 billion VND in revenue and 22 billion VND in after-tax profit, increasing 21.6% and 123% respectively compared to last year.

At the end of the first quarter, the company's total assets reached 9,564 billion VND, a 240 billion increase from the beginning of the year. Equity was 4,395 billion VND, while financial debt stood at 3,100 billion VND.

Prior to Taseco Land, VietABank also received approval to move from UPCoM to HoSE. Currently, 539.9 million VAB shares are trading on UPCoM at 14,900 VND, equivalent to a market capitalization of over 8,000 billion VND.

VietABank was established in 2003 through a merger between Saigon Joint Stock Finance Company and Da Nang Rural Bank. Viet Phuong Group is currently the bank's sole major shareholder, owning 17 million VAB shares, equivalent to 9.06% of the capital.

Image from a VietABank transaction office. Photo: VAB.

In the list of shareholders holding over 1% of the charter capital announced last October, Phuong Huu Viet, Chairman of Viet Phuong Group and former Chairman of VietABank, also owns 4.55% of the capital. Phuong Thanh Long, Viet's nephew, is the current chairman of the bank.

Viet Phuong Group was founded by Phuong Huu Viet in 1996 and operates in various sectors, including finance, real estate, energy, and mining.

Other organizations holding over 1% of VietABank's capital include the Ho Chi Minh City Party Committee Office (4.97%) and Saigon Jewelry Company (2.77%).

Before trading shares on UPCoM, VietABank's annual profit was less than 500 billion VND. However, since 2021, the bank's profit has increased to around 1,000 billion VND.

In Quarter 1 of 2025, VietABank achieved 353 billion VND in pre-tax profit, a 42% increase compared to the same period last year. As of 31/3, the bank's total assets reached 129,046 billion VND, up 7.7% since the beginning of the year. Outstanding loans to customers were 84,910 billion VND, a 6.3% increase. Total non-performing loans stood at 536 billion VND, a 50.8% decrease compared to the start of the year.

Trong Hieu