The Vietnamese stock market saw the VN-Index increase by 7 points on November 20, but the number of losing stocks greatly outnumbered gaining ones. Amid this backdrop, the stock of VTC Communication Corporation (VTC) reached 9,900 VND—its highest in 1.5 years. Meanwhile, VMG Media’s ABC stock surged 8.4% to close at 14,200 VND. This positive trend followed VNPT’s announcement to auction its entire stake in both companies at prices significantly higher than current market levels. VNPT plans to sell 2.1 million VTC shares at 49,200 VND each and 5.77 million ABC shares at 32,950 VND each. This divestiture is part of a restructuring plan by VNPT aimed at concentrating resources on digital infrastructure and services. However, both VMG Media and VTC Telecom reported disappointing earnings, with VMG’s profits plummeting and VTC posting losses in Q3.
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