HAX shares reached one-year high at VND23,250 per share on Oct 18, climbing 22.9% within a week after Vietnam’s leading authorized Mercedes-Benz dealer set up a team to negotiate the non-binding offer with South Korea’s The Class Hyosung on a 51% stake acquisition.
Auto sales in July fell by 33 percent year-on-year to 16,035 units, the lowest in the last five months, dragged down by mobility restrictions in major cities.