Corporate Executives Register Sizable Stock Trades

Corporate insiders across several Vietnamese listed companies have registered sizable share transactions, while the broader market ended the week higher and foreign investors remained net sellers by value.

Market overview for the week

The VN-Index rose by 65.96 points to 1,750. Liquidity on the HoSE averaged 914 million shares per session, with average trading value around 24,337 billion dong per session, down more than 2%. The HNX-Index also gained 3.23 points to 251.91.

Foreign investors net purchased 14.9 million shares on HoSE, but remained net sellers by value at 3,207 billion dong. On HNX, foreign buyers net bought 3.5 million shares, with net buying value over 93 billion dong. On Upcom, foreigners net bought 0.87 million shares, with net value near 54 billion dong.

For the week of 6–10 April across the market, foreigners bought 19.3 million shares, while total value remained a net seller of nearly 3,060 billion dong.

Executive share sales and purchases

AAV: board member registers to sell 15 million shares

Mr. Pham Quang Khanh, a member of the board of directors of AAV Group (ticker: AAV), registered to sell 15 million AAV shares from 9 April to 8 May to reduce his stake. If completed, his ownership would fall from more than 23.5% of charter capital to about 1.8% of AAV’s charter capital. The transaction is estimated to yield him around 117 billion dong.

Earlier, in 2025, Khanh registered to sell 6 million shares but did not execute due to market conditions. In late 2021, he spent 183 billion dong to buy 15 million shares in a private placement at 12,200 dong per share.

At the beginning of 2024, Khanh submitted his resignation from all positions, then withdrew the resignation from the board of directors but remained outside the roles of chairman and legal representative.

Separately, the Hanoi Stock Exchange (HNX) said AAV could be delisted due to losses for three consecutive years (2023–2025) based on audited financial statements.

VNS: board member registers to buy 4.9 million shares

Mr. Le Hai Doan, a member of the board of directors of Vinasun (ticker: VNS), registered to buy 4.9 million VNS shares to restructure his investment portfolio. The transaction is planned from 8 April to 7 May via negotiation or matching orders. Doan currently holds about 4.3 million shares. If successful, his ownership would rise to 13.56% of charter capital.

Doan is also chairman of HIPT Group and CEO of VBP. These entities hold 3.64% and 7.77% of Vinasun respectively. If Doan completes the purchase, the combined ownership of him and related parties would total 24.96% of charter capital, equivalent to more than 16.9 million VNS shares.

In contrast, Taurus Consulting, an affiliated party to Dang Tien Sy—a Vinasun board member—announced a plan to sell nearly 8.29 million VNS shares as part of a portfolio restructuring. The transaction is expected from 7 April to 5 May via matching or negotiation; if completed, Taurus Consulting would no longer be a shareholder in Vinasun.

TAL: independent director registers to buy 155,000 shares

Mr. Le Duc Long, an independent director of Taseco Land (ticker: TAL), registered to buy 155,000 TAL shares from 13 April to 12 May, citing personal reasons. Prior to this, Long held 195,000 TAL shares.

Company buyback plan

VHC: buy back 15 million shares, price capped at 63,000 dong

Vinh Hoan Joint Stock Company (ticker: VHC) announced plans to buy back 15 million shares via open market trading from 20 April to 19 May. Each session’s minimum purchase order is 3% and maximum 10% of the total volume registered with the State Securities Commission. The purchase price will be the market price at the time of trading but not exceed 63,000 dong per share.

Earlier in mid-March, Vinh Hoan’s board approved a buyback of 15 million shares at a price not exceeding 63,000 dong per share. If the full amount is completed, the deal could reach about 945 billion dong. Funds are expected to come from internal resources and undistributed profits, according to the unaudited half-year 2025 financial results, which showed retained earnings of about 6,842 billion dong.

Vinh Hoan said the purpose of the buyback is to reduce charter capital and enhance value for current shareholders.

Other insider transaction update

Ms. To Thi Kieu Trinh, head of governance and secretary of LDG Investment Joint Stock Company (LDG), recently bought 221,000 LDG shares out of an approved 500,000, achieving 44% of the total registered. She explained that the registration did not translate into full purchase due to unfavorable market conditions.