In the first month of 2012, foreign investors had two outstanding events related to bank shares of namely Australia and New Zealand Banking Group Limited (ANZ) offloaded capital in Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) and Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB) finalised selling 15 percent stake for Japan-based Mizuho Bank.
Particularly, ANZ divested over 103 million STB shares for Vietnam Export Import Commercial Joint Stock Bank (Eximbank-EIB) under the put-through method. This is considered the main reason leading to a net sale of nearly 1.8 trillion dong for STB shares in January 2012.
Currently, foreign investors hold only over 12 percent stake of Sacombank.
VIC share of Vincom Joint Stock Co also posted net sale of over 750 billion dong in January mainly under the put-through method.
In 2011, VIC and STB were also two shares with the highest net sale at 1.8 trillion dong and one trillion dong.
Owing to impacts of VIC and STB shares, totally in January 2012, foreign players posted net sale of 2.057 trillion dong on Hochiminh Stock Exchange (STC). In December 2011, they also marked a net sale of over 900 billion dong on the southern bourse.
This is the highest net sale since September 2009 when their net sale was 2.17 trillion dong. However, then they posted 16 straight months of net purchases.
If excluding transactions under the put-through method, foreigners posted net purchase of over 340 billion dong in January.
Some share codes reached high net purchase in month such as FPT (3.39 million units-172 billion dong), VCB (2.24 million shares-50 billion dong) and MSN, CTG and SSC.
In 2011, VNM of Vietnam Dairy Products Joint Stock Co (Vinamilk) posted the biggest net purchase with over 950 billion dong and followed by FPT (824 billion dong), CTG (577 billion dong) and KDC (404 billion dong).
Presently, foreign players hold maximum 49 percent stake of VNM and FPT.
Vietcombank (VCB) finalised selling over 347.6 million shares for Japan’s Mizuho Bank at the price of 34,000 dong per share, earning 11.8 trillion dong from this deal.
This volume of shares is equal to 15 percent of VCB’s new chartered capital and will be limited for transferring for five years. This is considered the share issuance deal with biggest value so far.