Following the prosecution of Mr. Nguyen Ho Nam, former Chairman of Bamboo Capital Group (BCG), stocks BCG, BCR, BGE, and TCD plummeted, with significant sell-offs. BCG stock saw over 71 million units unsold at the floor price, which is about 8% of the company’s total circulating shares. On February 28, 2025, authorities announced the prosecution decision against Mr. Nam and senior personnel. He resigned from his positions on April 27, 2024, with the company’s operations continuing normally. On March 1, 2025, the prosecution was also announced against Ms. Huynh Thi Kim Tuyen and Mr. Le Nong, other senior staff from Bamboo Capital’s subsidiaries. Related stocks such as CTG, NAB, TPB, ORS, and SHS also saw significant declines. On February 25, the Hanoi Stock Exchange announced the suspension of bonds for BCG Land and Helios at the request of state authorities.
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