On August 4, 2000, Hapaco's HAP shares appeared on the stock trading board, with TS Vũ Dương Hiền, a former primary school principal, behind the Hải Phòng paper company at the time. In late 1990, two containers of paper-making equipment imported from Taiwan were stuck at Hải Phòng port because the paper was linked to production for religious worship. After Hiền traveled to Hanoi on December 7, 1990, Council of Ministers Chairman Đỗ Mười handwritten approved Hải Phòng's request to import the production line. The article also traces Hiền's path from education to joining the Hải Phòng Paper Factory in 1983 when it was loss-making, followed by exports to the Soviet Union and access to the Taiwanese market.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Hai container mắc kẹt ở cảng và hành trình đưa Hapaco lên sàn chứng khoán của một người thầy giáo
Keywords
Open a keyword to see other news on the same topic.
Related news
- Why This Downtrodden Paper Maker Is a Top S&P 500 Stock Today
The packaging industry has had little good news lately, but investors are enthused by a possible deal involving this paper maker.
- DatVietVAC plans to pay nearly 279 billion VND in dividends right after listing
DatVietVAC (DVV) plans to pay a cash dividend of 2,500 VND per share (25% of par value), with the record date in mid-November 2026 and payment in December, for a total of about 278.5 billion VND across 111.418 million post-IPO shares. Based on the IPO price of 54,800 VND per share, the payout implies a reference cash dividend yield of about 4.56%. As of September 30, 2026, the company held 1,832 billion VND in cash and short-term financial investments, against total borrowings of 465 billion VND. For the first nine months, consolidated net revenue reached 2,116 billion VND and after-tax profit reached 246 billion VND, up nearly 6% year on year, equal to about 59% of the 2026 after-tax profit target of 420 billion VND. The stock begins trading on HOSE on November 2.
- Untold story behind the rejected visits in 1999 and the SSC's passport to integration
Chairman Lê Văn Châu, the first head of the State Securities Commission (SSC), insisted on opening the market in 2000 despite calls to delay. With no companies ready to list, SSC staff began visiting firms in 1999, but many feared public disclosure, and the initial list of 14 companies dwindled to REE and SAM. The first trading session took place on 28/7/2000 at 45–47 Bến Chương Dương, with two stocks, trading three times a week, one call auction per day and a 2% price band, and the trading system was supported by Thailand. Châu also backed private sector participation from the start, which paved the way for Sài Gòn Securities Joint Stock Company (SSI), established on 30/12/1999. The article argues this was only the beginning, as the market needed more financial intermediaries and listed companies to grow.
- Former German Vice Chancellor Takes Senior Role at Vietnamese Securities Firm
HD Securities (HDS) elected Philipp Roesler, a former German Vice Chancellor, as Vice Chairman of its Board of Directors effective October 23, for the remainder of the 2025-2030 term. Roesler served as Vice Chancellor and Minister of Economics and Technology under Angela Merkel and previously held roles at Siemens, Deutsche Bank and Lufthansa. HDBank owns 90% of HDS, which reported nine-month operating revenue of VND 3,018 billion and pre-tax profit of VND 2,241 billion, up 2.6 and 3.7 times year on year, and has completed its annual plan. The company plans an IPO in Q4 2026, offering 121.79 million shares (11.11% of outstanding shares) at a minimum price of VND 12,252 per share to raise at least about VND 1,492 billion. If completed, charter capital would rise from VND 10,961 billion to VND 12,178 billion.
- Producer of 'Say Hi' Shows to Be Listed on HoSE
HoSE has approved the listing of more than 111.4 million DVV shares of DatVietVAC, the producer of the 'Say Hi' shows, with the decision signed on October 20. The first trading day has not been officially announced, but the plan is for early November, with a reference price of 54,800 dong, equal to the IPO price. The market capitalization is estimated at over 6,100 billion dong (more than 234 million USD), compared with nearly 1,700 billion dong for Yeah1 (YEG) at the close on October 22. The IPO's registered purchase orders reached 106.6% of the shares offered. This year, DatVietVAC targets revenue of 3,382 billion dong and after-tax profit of 420 billion dong, growth of about 6% and 11%.
- Stock market after upgrade: Can IPOs accelerate and mid-day trading become feasible?
After the market upgrade, Vietnam’s stock market needs better trading infrastructure, more quality supply and stronger IPOs to help raise a target of 5.4 million billion VND in medium- and long-term capital over 2026–2030. Deputy Chairwoman of the State Securities Commission Lê Thị Việt Nga said 10 companies have carried out IPOs since late 2025, raising a total of 60,900 billion VND, more than nine times the 2021–2024 total, with 7 already listed. On mid-day trading, VNX Chairman Lương Hải Sinh said the exchange is still studying the option, which requires careful assessment of technology readiness, operating costs and the burden on securities firms, noting Singapore returned to a trading break in 2017 after continuous trading from 2011. In the first nine months, capital raised through the stock market reached 731,600 billion VND, up 85.6% year on year, and market capitalization exceeded 10.3 million billion VND by end-September.
Related markets
Latest news
- AMD earnings analysis: questions answered and next catalysts
AMD reported FQ3 2026 on November 3, with revenue of $13.38 billion against a $13.06 billion estimate and EPS of $2.09 against $1.94. Data Center revenue rose 97% to a record $8.5 billion, or 64% of sales, and Q4 revenue is guided to about $17.0 billion, up 66% year over year. Client & Gaming fell 8% to $3.7 billion, while the timing of dilution from OpenAI and Meta warrants remains unclear. The stock fell 15.8% over the past week and sits well below its 52-week high of $658.52.
- Elon Musk’s Tesla and SpaceX Stocks Fall After Democrats Sweep Elections, Senator Warns of ‘Subpoenas’
Shares of Elon Musk’s Tesla and SpaceX fell after Democrats swept the 2026 midterm elections on Tuesday, November 3. According to The New York Times, when markets opened on Wednesday, November 4, Tesla dropped more than 5% and SpaceX more than 7%, before recovering some of those losses.
- What Is x402? How AI Agents Pay With Crypto
x402 is an open payment standard from Coinbase that uses the long-unused HTTP 402 “Payment Required” code so AI agents and apps can pay for online services. Payments are mostly made in USDC on Base through facilitators, and buyers sign an authorization rather than create accounts or API keys. More than 50 companies, including Visa, Mastercard and Google, have joined the x402 Foundation, which now governs the protocol under the Linux Foundation. According to Fireblocks, x402 had processed more than 196 million transactions across 12 chains as of November 1, 2026, settling over $42 million, though more than half of lifetime transactions came from a two-month burst in late 2025 linked to the PING token.
- Why Bill Ackman Says He Feels Like “Markets Are Broken” Casinos
On November 3, 2026, Bill Ackman told television that he feels markets are “broken” and resemble casino-type markets with 95% leverage, a figure he presented as his own claim, while arguing the disorder is good for his firm over the long term. He criticized leveraged short-term funds and perpetual futures on individual stocks, which he said contribute to large price moves. Pershing Square's third-quarter letter, dated November 2, blamed volatility on a reduced float from indexation. Ackman is most bullish on Visa, Mastercard and Netflix, and Netflix closed at $63.42, near its $61.39 low. PS's third-quarter revenue of $56.604 million missed the $75.474 million estimate, with no performance fees.
- TeraWulf Falls 4% Despite Google Backstop for $19 Billion Anthropic Leases; Cipher Digital Plunges 18%, IREN Tumbles 9%
TeraWulf (NASDAQ:WULF) fell 4% to $12.04 even though it disclosed on November 4 that Google, an Alphabet unit, guarantees Anthropic's leases at its Kentucky campus. The 20-year leases cover about 401 megawatts across three buildings, with contracted commitments of about $19 billion, but the guarantee takes effect only once each lease's last data hall reaches commencement, with phased delivery from late 2027 through Q2 2028. Construction-period risk remains with TeraWulf and its lenders. Cipher Digital (NASDAQ:CIFR) dropped 18% and IREN (NASDAQ:IREN) fell 9% amid broader worries about funding AI data center builds, while TeraWulf's Q3 2026 report is scheduled for November 6.
- AMD's AI Data Center Guarantees Reach $8.5 Billion as It Challenges Nvidia
Advanced Micro Devices Inc. (NASDAQ:AMD) is taking on billions of dollars in potential financial obligations to help customers build AI data centers as it intensifies its challenge to Nvidia Corp. (NASDAQ:NVDA). Its lease guarantees jumped 88% in a short period.
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.