Real Estate Stocks in Binh Duong Surge, Becamex Firms Hit Ceiling

On March 10, shares of companies based in Binh Duong, particularly those under the Becamex group, surged sharply. BCM shares of Becamex IDC rose to the ceiling by 6.9%, reaching 80,200 VND/share with nearly 2.4 million shares traded. TDC and IJC shares also hit ceiling prices, while other subsidiaries like UDJ and BCE saw increases of 3.53% and 1.93%, respectively. Becamex plays a crucial role in Binh Duong’s economic development, with significant projects. Notably, on April 28, 2025, Becamex will auction 300 million BCM shares, potentially raising 20.88 trillion VND, marking a significant event in Vietnam’s stock market history. Currently, Binh Duong People’s Committee holds 95.44% of Becamex shares, but ownership may drop to 74% after the auction.

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