Reuters Regions
UPDATE 1-Shares of Vietnam's largest
conglomerate Vingroup and its real estate unit
down 6.9%
Oct 25, 2023
KHAM (A file photo of residential apartment complex Vinhomes Metropolis of Vingroup seen under construction in
Hanoi, Vietnam April 17, 2018.)
Adds comment, details
HANOI, Oct 26 (Reuters) - Shares of Vietnam's largest conglomerate Vingroup VIC.HM and its
real estate unit Vinhomes VHM.HM fell sharply on Thursday.
Vingroup shares fell 6.94% to 41,600 dong while Vinhome shares fell 6.9% to 41,800 apiece.
"Foreign investors are offloading shares of Vingroup and its unit in what appears to be a margin
call," a Hanoi-base stock broker said, adding that woes in China's properties market might have
hurt sentiment.
Vietnam's benchmark stock index .VNI fell 3.8% to 1,059, the lowest since May.