Our rigour, your advantage.
info@blackhaveninvestments.com
Black Haven Investments
Enquire
Asia Block Trades SSC VND

Vietnam Block Trade on HOSE

Block-trade financing and discreet execution for large lines of shares listed in Vietnam — for sellers and acquirers who need to move size without disturbing the order book or the price.

01 · Process
How it works

From enquiry to print.

—StageWhat happensTiming
01Confidential enquiryThe line, the holding and the objective, shared through a secure channel.Day one
02Pricing the blockThe line is sized and a price set against it; any discount reflects size and liquidity.1–2 days
03Execution & printWorked off the order book or negotiated, then printed under the exchange’s block-trade rules.On the day
04Settlement & disclosureSettles on the standard cycle; any substantial-holding disclosure is sequenced around the print.T+1 / T+2
02 · The Market
Asia

Vietnam equity markets.

A Vietnam block trade moves a large line of HOSE-listed stock in a single negotiated transaction — a put-through deal agreed off the continuous order book at a mutually agreed price — so a holder can exit, or an acquirer build a position, without walking the screen. Black Haven can take the line onto its own book, giving the seller a clean, priced exit while the major-shareholder disclosure that follows a substantial transfer is managed around the print.

On HOSE, large lines cross through the put-through (negotiated) segment rather than the order-matching book: buyer and seller agree price and size directly, then a securities firm records the trade in the exchange system. Negotiated orders run from 20,000 shares upward and, in ordinary sessions, price within the daily band around the reference price. Size sits against a market where turnover concentrates in the VN30 names, so a block in a mid-cap needs pricing that reflects thinner depth. A transfer that crosses or moves a 5% major-shareholder interest is reportable to the State Securities Commission, and settlement runs T+2 through the national depository.

Vietnam block trades at a glance:

Listed venueHo Chi Minh Stock Exchange (HOSE)
RegulatorState Securities Commission of Vietnam (SSC)
CurrencyVND
SettlementT+2
Disclosure threshold5%
Principal indicesVN-Index, VN30
StructureOff-market or negotiated-price

Regulatory references are published for general orientation and are not legal advice.

03 · Exchanges
One Venue

Each Vietnam exchange, covered.

HOSE · Ho Chi Minh City

Ho Chi Minh Stock Exchange

Vietnam’s principal equity venue and a fast-growing frontier market, with higher single-stock volatility and tighter foreign-ownership caps than developed-market peers. Eligibility for an institutional pledge is correspondingly more selective.

View HOSE →
04 · FAQ
Vietnam · Block Trades

What holders ask about Vietnam.

01Does a block trade in Vietnam have to be disclosed?
Where it moves a major shareholding, yes. A transfer that takes a holder through 5% of a listed company’s voting shares, or that changes an existing major shareholder’s position, is reportable to the State Securities Commission and the exchange. If the name carries a foreign-ownership limit, the available foreign room also constrains who can take the line. We map both to the specific stock before pricing the block.
02How large a position can I sell in a single block?
It depends on the name’s liquidity and its foreign room. HOSE negotiated deals start at 20,000 shares and have no upper cap, but a line that is large against daily turnover — common outside the VN30 — is priced to reflect the depth Black Haven takes onto its own book. We quote against the specific stock, its free float and any ownership limit.
03How do you execute a Vietnam block trade?
We work the line off the order book, off-market or at a negotiated price, and the block is then printed to Ho Chi Minh Stock Exchange (HOSE) under its block-trade rules. Black Haven Investments can take all or part of the risk on the line, so the seller achieves a clean exit at an agreed price.
04How large a block can you handle in Vietnam?
It depends on the stock’s free float, daily traded volume and volatility. We assess each line on its merits and indicate a workable size and price range after reviewing the position.
05Does the block trade have to be disclosed?
Often, yes. A substantial transfer by a significant shareholder is generally disclosable under the relevant regime overseen by SSC. We manage the sequencing and wording of any required notification around the trade.
06Can you finance the buyer of the block?
Yes. A block can be paired with a stock loan to the acquirer, so the newly acquired Vietnam-listed line serves immediately as collateral for the financing that funds it.
07What is the settlement cycle for a Vietnam block trade?
The negotiated block is printed to Ho Chi Minh Stock Exchange (HOSE) under its block-trade rules and then settles on the standard T+2 cycle. We coordinate the print, the settlement and any financing legs so the line moves cleanly.
08At what level must a block be disclosed in Vietnam?
The principal threshold is 5%, under Law on Securities Art. 118 overseen by SSC. A crossing by a substantial holder is notifiable; we sequence the print and the notice.
09Can you execute a block for a foreign or offshore seller?
Yes. The line is held with a qualified custodian and the block printed to Ho Chi Minh Stock Exchange (HOSE); we manage cross-border custody, settlement and the disclosure that attaches to a substantial transfer.
10How quickly can a Vietnam block be executed?
It depends on the stock’s liquidity and the size of the line relative to daily volume. Once mandated, many blocks are worked and printed within days; thinner lines are paced to limit market impact.
05 · Adjacent Markets
Asia

Countries adjacent to Vietnam.

Hong Kong · Japan · China · South Korea · Taiwan · Singapore · Australia · New Zealand · India · Thailand · Indonesia · Malaysia · Philippines · Pakistan · Sri Lanka · Kazakhstan · Bangladesh

All countries →

Guides

Related guides.

Block Trades

What Is a Block Trade, and How Does One Work?

A block trade is the off-market sale of a large line of listed shares at a negotiated price, executed bilaterally and printed under exchange rules to avoid moving the open market.

Read → Block Trades

How Do You Sell a Large Block of Shares Without Moving the Price?

A large block is sold without moving the price by taking it off the open order book — negotiating off-market at an agreed price, often with a liquidity provider taking the risk, and printing under exchange block rules.

Read → Disclosure

Do Block Trades Have to Be Disclosed?

Often yes. Once a significant shareholder crosses a market’s substantial-holding threshold, a block sale is generally notifiable to the regulator within a set window, with thresholds varying by jurisdiction.

Read →

A particular Vietnam holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.

Enquire in Confidence