After the news of state capital divestment, many stocks skyrocketed rapidly.

After the divestment news, GTD and VTC shares hit the ceiling for 12 consecutive sessions. VEC shares' price increased nearly 5 times after one month.

A stock has continuously increased to the ceiling price for many sessions after the information about the auction of state shares in the enterprise - Photo: HUU HANH

Wave of divestment in December

Information from securities companies shows that many organizations and state-owned enterprises are rushing to register for auctions to sell shares in capital-contributing enterprises in December 2025. The divestment is to ensure the completion of the reorganization plan and the restructuring project for the 2021-2025 period that was previously approved.

For example, the Government assigned the State Capital Investment Corporation (SCIC) to divest all its capital contributions in 74 enterprises by the end of 2025. On November 27, SCIC registered to auction nearly 10.9 million shares in the Transport Construction Corporation 8 - JSC on December 19, with a starting price of VND223.68 billion/lot.

Similarly, the Vietnam Oil and Gas Group (PVN) divested all of its capital contributions in 7 units. On November 14, PVN registered to auction more than 24.9 million shares in the Petroleum Services Joint Stock Corporation (Petrosetco - PET) on December 11, with a starting price of VND36,500/share.

In the 2021-2025 period, Vietnam Cement Corporation (Vicem) will divest capital from 15 enterprises. On November 28, Vicem registered to auction more than 1.5 million shares of Ha Tien Packaging Joint Stock Company on December 22, with a starting price of nearly VND 73.7 billion/lot. Then, on December 26, it will auction shares at Vicem Hoang Thach Transport Joint Stock Company.

Vietnam National Tobacco Corporation (Vinataba) divests capital from 8 enterprises. On December 18 and 19, this unit will auction shares in Colusa - Miliket Foodstuff Joint Stock Company, Lilama Real Estate Joint Stock Company, Hai Ha - Kotobuki Company Limited, Dalatbeco Joint Stock Company, and Nada Beer Joint Stock Company.

Vietnam Posts and Telecommunications Group ( VNPT ) has just registered to sell 188.7 million shares at Vietnam Maritime Commercial Joint Stock Bank on December 26, starting price 18,239 VND/share. Previously, VNPT registered to sell 2.1 million shares of VTC Telecommunications Joint Stock Company, equivalent to 46.7% of capital.

At the end of November, the Hanoi People's Committee auctioned 6.38 million shares, equivalent to 68.67% of capital at Thuong Dinh Shoe Joint Stock Company (GTD).

On June 14, the National Assembly issued the Law on Management and Investment of State Capital in Enterprises, which took effect on August 1. However, this law currently has no guiding decree. The Government allows the old regulations to continue to be applied until a new decree is issued.

The draft decree on restructuring state capital invested in enterprises detailing the above law makes a number of important adjustments, such as equitization will no longer be associated with the conversion of land use purposes of enterprises.

A successful auction in December will help units improve business and revenue targets for 2025.

Stocks hit the ceiling for ten sessions

Since November, the group of divested stocks has attracted investors. For example, GTD code has increased its ceiling price for 12 consecutive sessions, reaching a price of 59,400 VND/share at the end of the session on December 4. The market price increased more than 400% compared to the trading session on November 18.

Thuong Dinh Shoes stock price hit the ceiling for 12 consecutive sessions - Photo: TRADINGVIEW

The company's leaders explained that production and business activities were still going on normally, no unusual factors were recorded, and the sharp increase in stock prices was a natural development based on market supply and demand. The company said it did not participate in influencing the transaction.

VTC shares of VTC Telecommunications Corporation also hit the ceiling for 12 consecutive sessions. This stock reached a price of 24,700 VND/share, 3 times higher than the trading session on November 18.

PET shares have a market price of VND34,700/share, an increase of more than 90% compared to April.

VEC shares of Vietnam Electronics and Information Technology Corporation (Viettronics) increased from VND12,800 to VND59,800 after more than 1 month. Previously, SCIC transferred 38.5 million VEC shares to Geleximco Group, earning VND2,562 billion, 2.66 times higher than the initial starting price.

The auction of shares helps the State recover capital. At the same time, it is expected to improve the efficiency of enterprises by bringing in private investors, creating competitive incentives and transparency in operations.

However, investors need to pay attention to the liquidity of each stock. When there is no clear information about the divestment roadmap, investors and development plans should limit FOMO, chasing purchases, and then getting stuck when the divestment wave passes.

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Source: https://tuoitre.vn/sau-thong-tin-thoai-von-nha-nuoc-nhieu-co-phieu-tang-vot-nhanh-chong-20251204145729397.htm