A number of businesses are persisting in listing their shares on the nation’s stock exchanges despite the market turmoil.


The Hanoi-based HaSTC has admitted seven newcomers so
far this year, including one coal producer, a commercial bank, a
construction company, a book and school equipment dealer, two transport
companies, and a chemical company.


Early in February, the Ho Chi Minh Stock Exchange
(HoSE) officially agreed to the listing of 11.5 million shares in the
Rang Dong Plastic Company.


Both stock markets have received an increased number
of applications for either further or initial listing, including the
Giai Phong Automobile Company, the Hong Long Group and the Investment,
Construction and Mining Company, Vinavico.


While a number of established stocks reported losses
in 2008, many newcomers posted profits, for example, the Binh Chanh
Construction Investment Company, with a charter capital of 542 billion
VND. Its shares, coded BCI, are expected to be listed at 27,000
VND/share, attracting widespread interest from buyers.


Another real estate developer, the NBB Investment
Company, has also been viewed as good investment, with shares offered
at 27,000 VND/unit. NBB’s financial reports reveal an annual profit of
55.2 billion VND, a rise of almost 88.5 percent over 2007’s figure.


Securities experts in the southern economic hub said
that decisions by enterprises to list their shares on the stock market
demonstrated their confidence in their business, thus diversifying the
stocks on offer and offering a range of a choices for investors