News · CafeF

Board Member Đặng Phan Tường Charged; Company Discloses Key Information

Tổng Công ty Thiết bị Điện Đông Anh (EEMC, ticker TBD) said its board will propose that shareholders dismiss board member Đặng Phan Tường at an extraordinary general meeting on 7 November, after the Investigation Police Agency under the Ministry of Public Security charged him. Under the Law on Enterprises, a person facing criminal prosecution is not eligible to sit on the board, so shareholders will also elect replacement directors for the 2026-2031 term. In the first half of 2026, EEMC posted net revenue of VND 1,111 billion, slightly higher year on year, but gross profit fell 15 billion to nearly VND 171 billion, and after-tax profit of over VND 66 billion was down 25%. Tường previously chaired the members' council of EVNNPT for 9 years, and the investigation into EVNNPT, PC1 and related units has so far led to 48 suspects being charged on 5 groups of offences, with the probe still widening.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Ông Đặng Phan Tường bị khởi tố, doanh nghiệp công bố thông tin quan trọng

Read the original on CafeF ↗

Keywords

TBDearningscorporate governance

Open a keyword to see other news on the same topic.

Related tickers and likely impact

VNINDEX

• Neutral

Relevance: low

MarketVietnam stocks
Close on 10/16/20261,705.91
Change that session+0.45%
VNINDEX price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • PLP Placed Under Trading Restriction, Chairman Sends Open Letter to Shareholders

    HOSE moved PLP shares from the control list to the trading restriction list effective 23/10, because the company was more than 45 days late in filing its 2026 semi-annual reviewed financial statements. Chairman Lê Mai Thanh Phương had earlier sent an open letter to shareholders, attributing the delay mainly to a later-than-planned audit contract with the new auditor UHY, and said PLP aims to publish the statements in October 2026. The letter said nine-month revenue is estimated at 2.42 thousand billion VND, up 25%, with sales volume of about 3.6 million m2. The company also cited positive signals, including the SPC flooring plant being about 60% filled to design capacity and contracts with United Weaver and Flooring Partner, and said it sees the episode as a chance to tighten governance discipline and transparency.

    Vietstock·Pha Le Plasticscorporate governanceauditing
  • Another big bank, VietinBank, cuts lending rates by up to 2% per year

    VietinBank announced on October 19 measures to cut lending rates by up to 2% per year to lower capital costs for businesses and households and support production through the end of 2026, prioritizing agriculture, affordable housing and infrastructure. It also runs a VND 50,000 billion credit program through 2028, with rates at least 1% per year below average. Agribank cuts rates by up to 2% per year and keeps a VND 70,000 billion program, Vietcombank pledged cuts of at least 2% by year-end, and BIDV offers loans from 6% per year. The moves follow a State Bank of Vietnam directive on October 18 requiring deposit rate cuts of at least 0.5% per year for terms of 6 months or more, and lending cuts of 1.5–2% per year for production and business.

    CafeF·▲ CTG▲ VNINDEXbanksinterest ratescredit
  • How Can the Capital Market Share the Burden with Banks?

    Dragon Capital estimates Vietnam needs about 1,460 billion USD in total investment over 2026-2030, nearly double the previous period, to keep GDP growth above 10% a year, while credit already stands at about 145% of GDP. The funding gap of 120-150 billion USD per year should be filled through stocks, corporate bonds, government bonds and other long-term sources, since bank credit currently provides 82.8% of the economy's funding, compared with about 4.1% from equities and 13.1% from bonds. ADB Chief Economist Bùi Minh Giáp says the goal is not to shrink banks' role but to build complementary capital channels, as heavy reliance on credit could fuel inflation and asset quality risks. State Securities Commission Deputy Chairman Bùi Hoàng Hải says FTSE Russell's upgrade of Vietnam's stock market to secondary emerging status from September 21 can attract capital, but lasting appeal depends on the market's genuine operating quality and that of listed companies.

    CafeF·• VNINDEXVNINDEXcapital marketscredit
  • Banks begin sharp cuts to deposit rates across many terms on the afternoon of October 19

    The State Bank of Vietnam (SBV) asked credit institutions to cut deposit rates by at least 0.5% a year for terms of 6 months or longer, and lending rates by 1.5-2% a year for production, business and priority sectors, while avoiding competitive rate hikes. LPBank cut deposit rates across all terms from 1 to 36 months, with its online 12-month rate now at 6.7% a year and 48-60 month rates at 5.2%. VietBank lowered online rates by 0.5 percentage points for terms of 6 to 36 months, bringing its 6-8 month rate to 5.4% a year. The central bank warned that banks failing to cut rates may face a review of their remaining credit quotas this year, lower targets next year, or higher safety ratios.

    CafeF·▲ VNINDEX▲ ACB▲ BID▲ CTGinterest ratesState Bank of Vietnamsavings accounts
  • October 19 session: Foreign investors continue net selling of VND 850 billion, which stocks were dumped the most?

    The VN-Index reversed to close down 16 points at 1,690 points on October 19 after a weak open, with HoSE matched value at only VND 11,400 billion. Foreign investors extended their selling, with net sales of VND 850 billion across the market, including VND 800 billion on HoSE, VND 46 billion on HNX and VND 7 billion on UPCoM. On HoSE, FRT led net buying at about VND 151 billion, while VCB topped net selling at about VND 104 billion, followed by VHM at about VND 102 billion and ACB at nearly VND 93 billion. On HNX, NVB was the biggest net-bought stock at about VND 1.4 billion, while CEO led net selling at about VND 18 billion.

    CafeF·▼ VNINDEXVNINDEXforeign investorsVCB
  • China economy accelerated in the July - September quarter on robust exports

    China's economy grew 4.5% year-on-year in the July–September quarter, up from 4.3% in April–June, which had been the slowest pace in more than three years, as robust exports lifted growth closer to the 4.5%–5% annual target. The IMF trimmed its 2026 forecast to 4.5%, the lower end of Beijing's goal. Economists said weak domestic demand, weighed down by a prolonged property downturn, means the headline figure masks widening disparities across industries, regions and households. Exports rose 36% last month, and the trade surplus reached $938 billion from January to September, on track to surpass last year's record $1.2 trillion. The EU, which runs a trade deficit with China of more than $1.1 billion a day, agreed to roughly halve Chinese hybrid vehicle imports over the next few years but is pushing for more curbs.

    dailyadvance.com·▲ AUD/USD▲ VNINDEXChinaGDP growthexports

Related markets

Vietnam stocks →

Latest news

  • JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg

    JPMorgan will make JPM Coin, a token representing its dollar deposits, available to institutional clients on Ethereum, according to Bloomberg. The bank says Ethereum's liquidity makes it attractive to crypto companies seeking blockchain payments and to financial firms settling trades or backing tokenized assets. The move extends JPMorgan's blockchain work beyond Base and its private Kinexys network, which processes more than $7 billion daily. The bank did not say when the token will go live on Ethereum. Meanwhile, JPMorgan is among US banks planning a shared tokenized deposit network, but it was not on Swift's list of 17 banks preparing live transactions on its blockchain ledger in July.

    CoinDesk·▲ ETH/USDT• JPMJPMorganbankscrypto
  • Cerrado Gold Reports 21% Year-Over-Year Increase in Q3 2026 Production Results at Minera Don Nicolas

    Cerrado Gold reported Q3 2026 production of 16,685 GEO at the Minera Don Nicolas (MDN) mine in Santa Cruz Province, Argentina, up 21% from 13,832 GEO in Q3 2025. Year-to-date output reached 44,942 GEO, up 23% from 36,432 GEO in the comparable 2025 period. Heap leach output held steady at 9,649 GEO, while CIL output rose to 7,036 GEO as higher-grade Calandrias material, generally above 2.5 g/t gold, was routed to the Martinetas mill. Laboratory tests on selected material showed gold recoveries of up to 95%, versus about 60% expected from heap leaching, and the company now expects full-year 2026 production at the upper end of its 50,000 to 60,000 GEO guidance while targeting a new PEA by late Q1 2027.

    Yahoo Finance·goldgold miningCerrado Gold
  • Is Visa Stock Still a Buy After Gaining 14% This Year?

    Visa shares hit an all-time high of $401, up about 12% over the past two weeks from $359 at the end of September and up 14% year to date. Key catalysts include approval from the People's Bank of China to set up a bankcard clearing institution in China and the move of Visa Direct's stablecoin to commercial deployment on Oct. 15. Baird and BMO Capital both raised their price targets. Visa reports fiscal fourth-quarter earnings on Oct. 27 and has raised its dividend every year since 2009, last year by 14% to $0.67 per share. The author still considers the stock a buy ahead of earnings, citing a forward P/E of 24.

    Yahoo Finance·VisastablecoinsChina
  • Five things to watch in markets in the week ahead

    Markets start the week with AI stocks under pressure after hotter-than-expected September inflation raised expectations of higher US rates and fed worries about debt-funded AI spending. Last week the Philadelphia semiconductor index fell 11.41% and the Nasdaq Composite lost 4.48%, with CoreWeave shedding about a quarter of its value and Oracle down 9.31%. Earnings are in focus, with SpaceX and Netflix reporting on Tuesday and Meta and Tesla on Wednesday after the close. Netflix reportedly plans to cut around 6% of its workforce, roughly 1,000 roles, its biggest reduction since 2022. SpaceX has also agreed to buy spectrum licenses from Grain Management for about $8 billion, a move into the wireless market.

    Yahoo Finance·• SPY• QQQinflationinterest ratesFed
  • eMemory/PUFsecurity Showcases OCP S.A.F.E.-Approved PUFrt at OCP Global Summit, Strengthening AI Data Center Security with Caliptra

    PUFsecurity, a subsidiary of eMemory Technology, was featured at Microsoft's Caliptra Workshop on Oct. 12, the opening day of the 2026 OCP Global Summit, which drew nearly 400 attendees. Its PUFrt received OCP S.A.F.E. Scope 3 approval after an independent assessment of its resistance to physical attacks such as fault injection and side-channel attacks, and is now listed on the OCP Marketplace. PUFrt provides the physical security foundation for Caliptra, an open-source hardware Root-of-Trust architecture, from key generation to chip mass-production testing. It has already been integrated into Caliptra products from ASPEED and security systems from several memory makers and networking chip vendors. The company says the milestone advances hardware security for cloud and AI infrastructure.

    Yahoo Finance·cybersecuritydata centersartificial intelligence
  • Crypto vault deposits top $10 billion as lending risks draw regulatory scrutiny

    Deposits into crypto lending vaults have risen from $4 billion at the start of last year to more than $10 billion, according to the Financial Times. Each vault is run by a 'curator' who selects lending strategies through smart contracts on DeFi platforms, sets risk limits and collects fees, with typical returns of 3% to 10% and riskier strategies reaching 20% or more. Risks include illiquid or hard-to-sell collateral, automatic liquidations, hacks and coding errors, while investors may focus on headline yields. Fintechs, digital asset treasury firms and hedge funds are among the main depositors, and Bitcoin lender Two Prime launched a vault on Pareto targeting 1.5% to 2% yields, with a minimum deposit of 5 WBTC and about $10 million of its own capital absorbing initial losses. U.S. and European regulators are examining whether existing rules should apply, and the SEC has questioned vaults that hold securities.

    CoinDesk·• AAVE/USDT• MORPHO/USDTcryptoDeFiregulation

All news →

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.