Sparkling Colour in "Red Sea" Stock Market

Investors' confidence in the Vietnamese stock market seemed to fall after the recent plunges in the prices of a numerous blue-chip shares. However, in the trend of falling, people still saw some stocks continuing to rise up thanks to companies’ smart business strategies; thus, these companies can survive and even make profits amid the recession, and the most typical is the International Development and Investment Corporation (IDI).

 

The company donated 30 charitable houses to the poor in the southern province of Dong Thap in 2008, which proved its competence amid the crisis. The company's shareholders come from Japan, Australia, South Korea, U.S. and China.

 

IDI, which specializes in real estate trading and investment, is investing in big projects in Ho Chi Minh City, Ba Ria Vung Tau, An Giang and Dong Thap provinces with a total investment up to thousands of Vietnamese dong. The company invested over VND1,200 billion (US$67.26 million) in Vam Cong multi-functional industrial park in Dong Thap province. The company intends to build a numerous seafood processing plants in the park, which is near the Vam Cong dock, a navel of seafood material and of the Mekong Delta granary. Amid the economic crisis, its plants still employed nearly 2,000 workers with a monthly income of over VND3 million per person. While many other seafood companies were struggling survive in their exporting markets, IDI Company still maintains exporting contracts and has even won new contracts. IDI Company was ranked ninth among the top ten seafood companies with the biggest productions nationwide in March 2009.

 

The achievements are attributed to everlasting efforts by the company’s staff, smart leadership and vision strategies. Thus, investors always hunt for the company’s shares despite a falling trend in the stock market thanks to its high dividend payout and good liquidity. IDI shares are called sparkling colour in the “red sea” of the Vietnamese stock market.