Trần Vũ Minh, son of Hòa Phát chairman Trần Đình Long, bought 10 million HPG shares out of 50 million registered between October 7 and October 28, 2026, completing 20% of the plan. In his report to regulators, he cited unfavorable market developments as the reason the trades were not completed. It is not the first time: his March–April 2026 registration of 50 million shares ended with 33,291,904 shares bought (about 66.6%), so across 2026 he has bought 43.29 million of 100 million registered (43.3%). His holding rose from 230.65 million to 240.65 million shares, or 2.85% of charter capital.
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Original headline: Hé lộ lý do con trai tỷ phú Trần Đình Long không mua đủ lượng cổ phiếu HPG đăng ký
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Related tickers and likely impact
HPG
• NeutralHoa Phat Group
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Basic Resources |
| Industry | Steel |
| Market cap | 183,212 bn VND |
| P/E | 6.7 |
| P/B | 1.23 |
| Close on 11/05/2026 | 21.50 |
| Change that session | -0.92% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Relative of Hòa Phát leader sells shares as registered
Ms. Doãn Thị Bích Ngọc, elder sister of Hòa Phát Vice Chairman Doãn Gia Cường, sold 350,000 HPG shares as registered between 9 and 14 October 2026, reducing her holding from 564,696 to 214,696 shares. Conversely, Mr. Trần Vũ Minh, son of Chairman Trần Đình Long, has registered to buy 50 million more HPG shares from 7 October to 5 November 2026 to raise his stake; under an earlier registration he bought nearly 33.3 million shares, with the rest not completed due to unsuitable market conditions. Operationally, Hòa Phát produced 3.7 million tonnes of crude steel in Q3 2026, up 3% from Q2, and 10.7 million tonnes in the first nine months, up 35%.
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Trần Vũ Minh, son of Hòa Phát Chairman Trần Đình Long, bought only 10 million of the 50 million HPG shares he had registered, completing 20% of his plan between October 7 and October 28, 2026. He attributed the shortfall to unfavorable market conditions, and his stake rose from 2.732% to 2.85% of charter capital as his holding grew from over 230.65 million to over 240.65 million shares. In Q3 2026, Hòa Phát's revenue rose 70% to VND 62,669 billion and after-tax profit rose 106% to VND 8,265 billion. Nine-month revenue reached VND 171,539 billion, up 54%, meaning 82% of the full-year revenue target of VND 210,000 billion has been achieved, while profit exceeded the full-year profit plan of VND 22,000 billion by 8%. HPG's share price has fallen about 9% since the start of the year.
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On November 3, the VN-Index fell 11.1 points (0.65%) to close below 1,700 points, after touching 1,713 points intraday and dipping to 1,690. Pressure came mainly from large-cap stocks, with VIC down 3.31% and taking more than 12 points off the index, while oil and gas names and BVH, PNJ and KOS also fell sharply. Steel stocks rose strongly, with HPG up 4.17%, HSG up 3.88% and NKG up 3.42%, and 152 stocks on HoSE advanced against 135 that declined. HoSE trading value fell 34% from the previous session to 10,474 billion VND, the lowest in five sessions. Foreign investors net sold nearly 500 billion VND, their eighth straight session of net selling, led by MBB (about 255 billion VND) and VCB (nearly 219 billion VND), while HPG saw net buying of over 227 billion VND.
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