REE Energy, a subsidiary of REE, has set up REE Energy Finance Co., Ltd. in the Vietnam International Financial Centre in Ho Chi Minh City, with initial charter capital of US$1 million (about VND 26.2 billion), wholly owned by REE Energy. Mr. Nguyễn Quang Quyền is expected to chair the company. Separately, REE disbursed VND 5 billion raised from issuing 500,000 ESOP shares at VND 10,000 each on 13/10/2026 to repay a loan. Platinum Victory Pte. Ltd also failed to buy any of the nearly 20.5 million REE shares it registered between 24/8 and 22/9/2026, keeping its stake at nearly 259.8 million shares, or 41.7% of capital.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Công ty con của REE thành lập công ty tài chính vốn điều lệ 1 triệu USD
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
REE
• NeutralREE Corp
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Multiutilities |
| Market cap | 28,832 bn VND |
| P/E | 10.9 |
| P/B | 1.33 |
| Close on 10/21/2026 | 46.25 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Vicostone sets up subsidiary with VND 200 billion charter capital
Vicostone (HNX: VCS) has established Vicostone Chemical Co., Ltd., a wholly owned subsidiary based in Hanoi with charter capital of VND 200 billion. The subsidiary has 76 registered business lines, with basic chemical manufacturing as its main activity. Phạm Trí Dũng was appointed as the capital representative and chairman, and Hà Thu Hường as director. Separately, the Hanoi Tax Department fined Vicostone over VND 69 million for filing errors that inflated VAT refunds and understated its 2024 corporate income tax. In total, the company must pay about VND 260.9 million in recovered taxes, fines and late payment interest.
- AI Cloud Spending Is Splitting Companies Into the Funded and the Stretched
The article argues AI infrastructure companies are splitting into those funded by long-established cash flows and those borrowing against contracts or the data centers themselves. Oracle reported $664 billion in remaining performance obligations (RPO) and $125.3 billion in total borrowings, with $1.4 billion in interest expense last quarter; its $28.5 billion in capex exceeded $23.1 billion in operating cash flow, leaving free cash flow negative. CoreWeave had a $104 billion backlog and $35.1 billion in total debt, with Microsoft accounting for roughly 67% of its 2025 revenue, while Nebius reported $33.6 billion in RPO backed by investment-grade customers. Applied Digital and Iren rely heavily on non-recourse debt tied to their facilities, with Iren signing a roughly $9.7 billion contract with Microsoft that runs five years. The author notes concentration and financing-cost risks but says the backlogs should not be dismissed, given the real shortage of AI compute capacity.
- She made college 'good debt' for herself. Can she do the same for her daughter?
Stephanie Thomas, a certified financial planner in Raleigh, borrowed about $20,000 for college more than 25 years ago and considers it 'good debt' because she could pay it down manageably. For her daughters, she and her husband saved in 529 plans, and her youngest is taking college-level courses through dual enrollment, a tactic whose use rose 9.6% according to the National Student Clearinghouse's spring 2026 report. Between 1995 and 2025, inflation-adjusted tuition and fees rose 74% at private four-year schools and 101% at public ones, and nearly half of families now borrow to pay for college, pushing student debt to $1.85 trillion. Early-career job prospects are also less certain, as entry-level postings in the U.S. fell 35% since January 2023, leading many families to question the value of a degree.
- Crypto Firms Launch Quantum Alliance as 6 Million Bitcoin Sit Exposed
Nine blockchain organizations launched the Quantum Alliance, an open standards body that will define “quantum-ready” and set common ways to test quantum-resistance claims. The group warns that roughly 6.04 million BTC, about 30% of supply, is quantum-exposed because of elliptic-curve signatures, with forecasts pointing toward the late 2020s. A Google Quantum AI study cut the qubits needed to break Bitcoin’s cryptography to under 500,000, though no machine can do it yet. Modeled on the IETF, the Alliance will work in four groups covering migration, zero-knowledge systems, wallet security and cross-chain compatibility. Separately, a consortium backed by BlackRock, Strategy and Coinbase has committed $15 million to the problem.
- Digital asset firm linked to son of Nguyễn Đức Thụy raises capital to VND 10,000 billion
The Sacom crypto-asset exchange (SCEX), where the son of Sacombank vice chairman Nguyễn Đức Thụy serves as vice chairman, has completed a capital increase from VND 5,000 billion to VND 10,000 billion, the minimum required to run a digital asset exchange. A filing published on the National Business Registration Portal on October 14 shows all capital was paid in cash and no foreign shareholders have been recorded. Under the rules, 35% of capital must be held by at least two banks, securities firms, fund managers, insurers or technology companies. SCEX is the third asset company to reach VND 10,000 billion in charter capital, after CAEX and Vimexchange. Vietnam is piloting a crypto-asset market for five years, and the Ministry of Finance began accepting licence applications on January 20, with a target of up to five firms.
- TPBank Receives US$50 Million in Long-Term Capital from DEG: Optimizing International Funding and Promoting Green Finance
TPBank signed a US$50 million financing agreement with DEG, the development finance institution under Germany's KfW, to add long-term USD funding and diversify its international capital sources. The five-year loan will allocate 60% (about US$30 million) to green projects that cut emissions and support the energy transition, and 40% (about US$20 million) to small and medium enterprises, with a focus on women-owned or women-led businesses. DEG will also provide technical assistance to upgrade TPBank's environmental and social risk management system. The deal is DEG's second investment in TPBank, and it follows TPBank's earlier raising of US$220 million in long-term loans from DFC and JICA.
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
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.