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.