VIMID Files for Listing Over 21.5 Million Shares on HOSE

Recently, the Ho Chi Minh City Stock Exchange (HOSE) announced that it had received the listing registration application from Vietnam Machine Investment Development Joint Stock Company (VIMID – stock code: VVS). According to the HOSE notice, the application was received on May 5, 2025, with SSI Securities Corporation – Hanoi Branch serving as VIMID’s listing advisor.

On June 3, 2025, HOSE officially confirmed the receipt of VIMID’s listing dossier for 21,525,000 VVS shares, equivalent to a charter capital of VND 215.25 billion.

Previously, on October 7, 2022, VIMID had listed 20.5 million shares on the UPCoM exchange, with a reference price of VND 14,500 per share on its first trading day. Currently, VVS shares are trading around VND 20,000 per share, corresponding to a market capitalization of approximately VND 430.5 billion.

VIMID is the leading company in Vietnam’s medium and heavy-duty truck market, supported by a nationwide network of 22 3S service centers (Sales – Service – Spare parts) and authorized dealerships. Earlier, the company signed a strategic partnership agreement with SINOTRUK to establish a truck assembly and manufacturing plant in the Nam Dinh Vu Industrial Park (Hai Phong City). The facility is designed with an annual capacity of 10,000 vehicles and a total investment of up to USD 50 million, marking a major milestone in VIMID’s transformation — from a trading and service enterprise to an integrated manufacturer with deeper participation in the domestic truck supply and production chain.

VIMID’s efforts to move from UPCoM to HOSE reflect the company leadership’s strong commitment to fulfilling its promises to shareholders. This move is also expected to enhance transparency and improve the liquidity of VVS shares, thereby helping the company access both domestic and international capital more effectively. In addition, this “relocation” is anticipated to make VVS shares more appealing and increase value for investors.

In terms of business performance, in the first quarter of 2025, VIMID recorded net revenue of over VND 1.136 trillion, up 42% year-on-year. Profit after tax reached more than VND 26 billion, a 3.1-fold increase, mainly driven by a 95% surge in financial income.

For 2025, VVS has set its business targets at VND 4.2 trillion in revenue and VND 90 billion in profit before tax, representing growth of 8% and 2% compared to the previous year, respectively. After Q1 2025, the company has achieved 27% of its revenue target and 29% of its profit target — a positive start that reflects operational efficiency and strong execution of its business strategy. These figures demonstrate VIMID’s solid financial foundation, genuine growth capability, and long-term development potential.

HOSE’s official acceptance of VIMID’s listing application marks an important milestone, reinforcing confidence among shareholders and employees while generating positive expectations from the market. With a strong foundation, clear strategic direction, and competitive advantages in the medium and heavy-duty truck segment, VVS shares are seen as having significant revaluation potential, promising to become a bright spot on the HOSE exchange in the near future.

The official announcement from HOSE regarding the receipt of VIMID’s listing application (stock code: VVS) can be found at the following link: https://www.hsx.vn/vi/tin-tuc/hose-thong-bao-ve-viec-nhan-ho-so-dang-ky-niem-yet-cua-cong-ty-co-phan-dau-tu-phat-trien-may-viet-nam/2378739