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Vietnam IPOs so far this year net just US$7 million

The only three IPOs in Vietnam so far this year pulled in just US$7 million, The Investor is reporting. The publication is referencing a report from Deloitte and suggests that the Ho Chi Minh City Stock Exchanges poor performance this year has seen firms delaying their IPOs.

The three IPOs were:

  • Dong Duong Construction and Trading, which makes wood products, US$840,000; 
  • Tu Hai Ha Nam, a garment maker, US$770,000; and 
  • Royal Manufacture and Investment, maker of ceramics and porcelain tiles, US$5.5 million.
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