VVS successfully issues ver 1 million ESOP shares
Vietnam Machine Investment Development Joint Stock Company (VIMID, stock code: VVS) has successfully completed the issuance of shares under its Employee Stock Ownership Plan (ESOP) 2023.
On September 25, 2023, the State Securities Commission of Vietnam (SSC) officially announced the receipt of all required documents regarding VVS’s ESOP share issuance report on its website at www.ssc.gov.vn
On November 3, 2023, VIMID (stock code: VVS) successfully issued 1,025,000 ESOP shares, equivalent to 5% of its total outstanding shares, at an issue price of VND 14,000 per stock. These shares are subject to a one-year transfer restriction period.
The purpose of this stock issuance is to acknowledge the dedication, commitment, and contributions of VIMID’s employees to the company’s growth, while also motivating them to strive for further professional development and strengthening their long-term bond with the organization. This program serves as a form of recognition and encouragement from VIMID, aiming to enhance employees’ sense of ownership, responsibility, and benefits, as well as to attract and retain talented, experienced, and devoted personnel who will help ensure the company’s continued stability and sustainable growth.
In addition, the stock issuance aims to supplement working capital for business operations, in accordance with the content approved in Resolution No. 01/2023/NQ-ĐHĐCĐTN-MVN of VIMID’s 2023 Annual General Meeting of Shareholders, dated April 22, 2023.
| On October 7, 2022, VIMID officially listed 20.5 million stocks on the UPCoM trading platform under the stock code VVS. VIMID’s core business activities include importation, distribution, warranty, and maintenance of trucks. The company employs over 400 staff members across a network of more than 20 branches nationwide. Up until now, VIMID has served millions of customers and contributed hundreds of billions of VND annually to the state budget. |
Related news
NOTICE OF HOLIDAY FOR HUNG KINGS’ COMMEMORATION DAY, LIBERATION DAY (APRIL 30) AND INTERNATIONAL LABOR DAY (MAY 1)
On the 15th anniversary of the founding of Vietnam Machine Investment Development Joint Stock Company (March 5, 2010 – March 5, 2025), we would like to express our deepest gratitude and extend our best wishes for health and success to all colleagues, valued shareholders, customers, and partners who have accompanied VIMID throughout the whole journey.
Hanoi, November 26, 2025 — The Red Star Awards 2025 were held in a solemn ceremony, gathering the most outstanding young entrepreneurs from across the country. At the event, Mr. Nguyễn Vũ Trụ – Chairman of VIMID – was proudly named among the Top 10 outstanding young entrepreneurs, marking a significant milestone in his more than 15-year journey of leading and advancing VIMID.