Hòa Phát chairman Trần Đình Long, a National Economics University graduate, gained over 1,700 billion VND in the past week as HPG shares rose nearly 4% to 20,900 VND per share. His wealth reached nearly 45,600 billion VND, and Forbes puts his fortune at US$2.3 billion, making him the fifth-richest person in Vietnam. He directly holds about 2.18 billion shares (25.8%), and his family owns more than 35.4% of the company. His son, Trần Vũ Minh, registered to buy 50 million HPG shares between October 7 and November 5, 2026 to raise his stake, although he holds no management position at Hòa Phát. The company targets 2026 revenue of 210,000 billion VND and after-tax profit of 22,000 billion VND, up 35% and 42% year-on-year respectively.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Một cựu sinh viên Kinh tế Quốc dân vừa có thêm 1.700 tỷ sau vài ngày
Keywords
Open a keyword to see other news on the same topic.
Related news
- Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher
Cleveland-Cliffs (CLF) rose 10% to $13.29 after reporting third-quarter adjusted EBITDA of $612 million, beating its $575 million guidance and up sharply from $143 million a year earlier. Revenue of $5.61 billion missed the $5.72 billion expected, though sales rose 18.6% year over year on a higher average net selling price of $1,177 per ton and larger shipments. Management said imports remain well below historical levels, but it indefinitely idled the galvanizing lines at its Canadian unit Stelco due to oversupply. The company guided to about $715 million of adjusted EBITDA in Q4 and said 2027 adjusted EBITDA should exceed $4 billion based on current index price forecasts. Its target is to bring net debt to EBITDA below 2.5x by mid-2027.
- Cleveland - Cliffs Reports Third - Quarter 2026 Results
Cleveland-Cliffs (NYSE: CLF) reported third-quarter 2026 revenue of $5.6 billion on steel shipments of 4.2 million net tons, with GAAP net income of $165 million ($0.26 per diluted share). Adjusted EBITDA rose to $612 million from $286 million in the second quarter and beat the $575 million guidance given three months earlier. The company expects fourth-quarter adjusted EBITDA of about $715 million and says 2027 adjusted EBITDA should exceed $4 billion based on new contracts and price forecasts. CEO Lourenco Goncalves said Stelco will indefinitely idle its galvanizing lines because of oversupply in Canada's galvanized steel market, while hot-rolled output is maintained and about 2,000 Canadian jobs are preserved. The company remains on track to reach net debt to EBITDA below 2.5x by mid-next-year.
- Cleveland - Cliffs Reports Third - Quarter 2026 Results
Cleveland-Cliffs reported third-quarter 2026 revenue of $5.6 billion, up from $5.2 billion in the second quarter, and GAAP net income of $165 million, or $0.26 per diluted share. Adjusted EBITDA rose to $612 million from $286 million, beating the $575 million guidance given three months earlier as selling prices, volumes and unit costs all improved. The company expects fourth-quarter adjusted EBITDA of about $715 million and 2027 adjusted EBITDA above $4 billion, based on new contracts and price forecasts. It will also indefinitely idle galvanizing lines at Stelco because of an oversupplied Canadian galvanized steel market, while maintaining total Stelco production and about 2,000 Canadian jobs.
- VinMetal partners with Danieli to produce rail steel for high-speed and urban railways in Vietnam
VinMetal, part of Vingroup, has signed a contract with Italy's Danieli & C. Officine Meccaniche S.p.A. to supply core equipment for the rail and section steel rolling line at its Hà Tĩnh steel complex. Under the contract, Danieli will design, manufacture, supply and commission equipment for a line with capacity of over 700,000 tonnes per year. Danieli has more than 100 years of experience, has delivered over 1,000 projects, and has supplied technology to rail producers such as Voestalpine and Mechel. The products are aimed at high-speed rail, urban rail, bridges, ports and logistics projects, helping secure domestic supply and reduce reliance on imports. The Vũng Áng Economic Zone complex is designed to reach about 6 million tonnes per year in phase 1, with plans to expand to 20 million tonnes per year in phase 2.
- UChicago Alum Michael Woodford Wins Nobel Prize in Economics
UChicago alumnus Michael Woodford, who graduated in 1977, shared the 2026 Nobel Memorial Prize in Economic Sciences on Monday with Stanford professor Robert Hall. Their work on macroeconomic stabilization proposed the New Keynesian model, which uses three equations to analyze fiscal and monetary policy together during large economic shocks and improves on earlier Keynesian models that failed to handle the 1970s oil shocks. The Nobel committee called it a macroeconomic stabilization framework that has become the main tool for policymakers today. Woodford taught at the University of Chicago until 1995, then moved to Princeton and later Columbia, where he now co-runs the Cognition and Decision Lab studying the role of attention in economic decisions.
- Former South Carolina Sen . Katrina Shealy endorses Democrat Vincent Coe for state treasure
Former Republican state Sen. Katrina Shealy has endorsed Democratic candidate Vincent Coe for South Carolina treasurer ahead of the November election, announcing her support in a Facebook post and urging voters to choose based on qualifications rather than party. She criticized incumbent Treasurer Curtis Loftis's handling of a $1.8 billion accounting error, which was resolved last year, citing shifting explanations and a dismissive tone. Republican strategist Jon Parker said the endorsement could prompt voters in Lexington County, where Shealy and Loftis are based, to reconsider. Coe, a former Federal Reserve bank examiner, said he would prioritize transparency in tracking state accounts, investments and fees. Early voting runs from Oct. 19 to Oct. 31.
Related markets
Latest news
- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.
- Tech rebounds as semiconductor stocks jump: AlphaCheck
Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.
- AI capex may be Meta's biggest earnings test
Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.
- Governor Pham Duc An: Supporting women's access to capital must be tied to sustainable livelihood development
On October 19, 2026, the State Bank of Vietnam (SBV) and the Vietnam Women's Union signed a 2026–2030 cooperation programme to help women access credit, banking and digital financial services for sustainable livelihoods. By the end of 2025, outstanding loans entrusted through the Union's branches from the Vietnam Bank for Social Policies reached over 153,400 billion dong, serving nearly 2.5 million customers; as of September 30, 2026, about 9,200 Agribank loan groups managed by the Union had nearly 157,000 members and nearly 30,000 billion dong in outstanding loans. By 2030, the programme aims to support and advise 50,000 women-led businesses and strengthen at least 1,500 cooperatives and 10,000 cooperative groups. Governor Pham Duc An said the programme will broaden the participation of credit institutions, microfinance providers and payment service providers.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.