Core Viewpoint - Vietnam is experiencing significant economic growth, with a projected GDP growth rate of 7.4% to 8% by 2025, making it a "star" in global economic development [5][6]. Economic Performance - Vietnam achieved a GDP growth rate of 7.52% in the first half of the year, the highest in 15 years, and aims for an annual target of 8% [6]. - Foreign Direct Investment (FDI) reached $117.2 billion in the first half of 2025, marking an 8.1% increase year-on-year, indicating strong investment interest [6][8]. - The total trade volume is expected to reach $900 billion by 2025, significantly exceeding the GDP of $470 billion in 2024 [6]. Geopolitical and Geographical Challenges - Vietnam's geographical position, while advantageous for trade, limits its market size and resource availability, creating a natural ceiling for economic growth [12][16]. - The country's long and narrow shape complicates infrastructure development, leading to high costs and inefficiencies in transportation [16][18]. - Vietnam faces competition from neighboring countries in manufacturing and agriculture, increasing its reliance on external markets and making it vulnerable to geopolitical shifts [18][21]. Historical Context and Opportunities - Unlike successful countries like South Korea and Japan, Vietnam lacks the historical opportunities that facilitated their industrial growth, such as significant foreign aid and favorable global conditions [19][20]. - The current global economic environment is characterized by rising protectionism and localized supply chains, which pose challenges for Vietnam's export-driven economy [21][23]. Governance and Institutional Challenges - Vietnam struggles with governance issues, including a fragmented political landscape and inefficient policy execution, stemming from historical conflicts [25][27]. - The administrative structure is overly complex, with a high percentage of the budget allocated to public sector salaries, limiting investment in critical areas like education and infrastructure [27][30]. - The lack of skilled labor and inadequate governance capacity hinder Vietnam's ability to transition from an assembly-based economy to one focused on high-value industries [25][30].

从2022年最低点算起，上海交易所白银价格从最低4018已经涨到了2025年的19204，涨幅超过了3.5倍。 和黄金相比白银的涨幅更加大，趋势更猛。以至于在美国的华尔街看来，中国正在试图建立以白银为锚定物的，"银本位"金融体系。 为什么中国推动的白银价格上涨让美西方金融体系这么紧张？从长期来看，中国是否已经掌握了贵金属的定价权？ 纸白银的"信任危机"：当数字合约再也变不出真金白银 曾经，在上海交易所刚成立时，好些东方大国的一些砖家不屑一顾，不看好它。如今，终于发展到能适度影响伦敦市场和纽交所的程度。 数据显示，国内白银期货的价格，在近期涨得比国际版本更"猛"。一个直观的数据是，12月单月，国内白银期货涨幅超过38%，而同期国际银价的涨幅约为 25%-26%。这并不是简单的炒作，背后是一股强大的"东方引力"。 目前， 中国是全球最大的白银进口国和消费国。我们的光伏面板产量占全球绝大部分，我们的电子制造业集群需要吞吐海量的白银。 这意味着，在上海期货交易所每跳动一次的价格，其背后连接的是真实的生产订单和物流吞吐，是"用银子造东西"的刚性需求。这与主要体现金融投资情绪 的伦敦、纽约市场，存在着根本性的逻辑差异。 ...

Group 1 - Lixun Precision plans to repurchase shares worth between 1 billion to 2 billion yuan [1] - Jiazhe New Energy intends to buy back shares valued at 220 million to 440 million yuan [1] - Dagang Holdings proposes a share repurchase of 20 million to 40 million yuan [1]

21世纪经济报道记者杨坪 2025年的最后一天，深市超过10家公司披露了中期或第三季度分红实施公告。 这是当前上市公司稳定分红机制正向循环的一角。记者掌握的数据显示，2025年，深市公司分红总额超 5000亿元。预计2026年初，还将有超18家公司集中派现，合计金额逾百亿元。 业内人士认为，持续、透明的分红行为不仅增强了股东认同，也提升了公司的市场形象与长期投资价 值，为资本市场高质量发展注入了内在动力。 政策与盈利双轮驱动，分红基础日益稳固 从分红节奏来看，2025年，深市有533家公司实施中期分红1329.28亿元，同比增加25.98%。近六成中期 分红的深市公司股利支付率超20%，其中105家公司股利支付率超50%。上市公司实施中期分红，可以 让投资者更早分享企业成长红利。 2025年，深市166家公司股息率超过1%，108家股息率超过1.34%，为投资者提供稳定现金流回报的同 时，也吸引了更多中长期资金的青睐。 近年来，资本市场分红制度建设持续推进，为上市公司提高回报水平注入强劲政策动力。 新"国九条"明确强化上市公司现金分红监管，加大对分红优质公司的激励力度。证监会发布《上市公司 监管指引第3号—— ...

2025年的深市分红成绩单太亮眼了！ 高股息标的受青睐，吸引长期资金。2025年，深市166家公司股息率超过1%，108家股息率超过1.34%， 为投资者提供稳定现金流回报的同时，也吸引了更多中长期资金的青睐。 板块特色鲜明，主板、创业板协同发力。2025年，主板965家公司累计实施现金分红4101.07亿元，占深 市现金分红总额74.90%；创业板945家公司累计实施现金分红1374.52亿元，分红金额同比增长8.41%。 总的来看，主板公司分红金额高、创业板公司分红增速快。 2025年全年深市公司现金分红总额突破5000亿元，分红频次稳步上涨，实实在在给投资者发"大红包"， 回报感直接拉满。 动力拉满主动分红"三驾马车" 现金分红的常态化推进，离不开政策引导、盈利支撑、治理升级的协同发力，三者共同构建起"愿分 红、能分红、规范分红"的完整体系，成为深市分红增长的核心引擎。 惊喜连连深市分红四大亮点 2025年深市分红在规模、节奏、吸引力、板块协同等方面亮点纷呈，全方位展现了市场分红生态的持续 完善，投资者回报的广度与深度同步提升。 分红规模高位企稳，累计回报丰厚。2025年内，深市公司累计发放现金股利54 ...

智通财经APP讯，立讯精密(002475.SZ)发布公告，公司拟使用自有资金或自筹资金(含股票回购专项贷 款资金等)以集中竞价方式回购部分公司已发行的人民币普通股(A股)股票。本次回购股份的价格为不超 过86.96元/股(含)，回购价格上限未超过公司董事会审议通过回购股份方案前30个交易日公司股票交易 均价的150%，拟回购资金总额不低于10亿元，不超过人民币20亿元。 ...

格隆汇12月31日丨立讯精密(002475.SZ)公布，拟回购股份的价格为不超过86.96元/股（含），回购价格 上限未超过公司董事会审议通过回购股份方案前30个交易日公司股票交易均价的150%，拟回购资金总 额不低于100,000万元，不超过人民币200,000万元。在本次回购股份价格上限为人民币86.96元/股的条 件下，若按回购总金额上下限和回购股份价格上限测算，预计可回购股份数量为：11,499,540股至 22,999,080股，占公司目前总股本比例为：0.16%至0.32%。具体回购数量及回购金额以回购期满或回购 完毕时实际回购的股份数量和回购金额为准。回购期限为自公司董事会审议通过本次回购方案之日起不 超过12个月。本次回购股份后续将用于实施员工持股计划或股权激励。 ...

每经AI快讯，立讯精密12月31日晚间发布公告称，立讯精密工业股份有限公司拟使用自有资金或自筹 资金以集中竞价方式回购部分公司已发行的人民币普通股（A股）股票。本次回购股份的价格为不超过 86.96元/股（含），回购价格上限未超过公司董事会审议通过回购股份方案前30个交易日公司股票交易 均价的150%，拟回购资金总额不低于10亿元，不超过人民币20亿元。在本次回购股份价格上限为人民 币86.96元/股的条件下，若按回购总金额上下限和回购股份价格上限测算，预计可回购股份数量为：约 1150万股至约2300万股，占公司目前总股本比例为：0.16%至0.32%。具体回购数量及回购金额以回购 期满或回购完毕时实际回购的股份数量和回购金额为准。回购期限为自公司董事会审议通过本次回购方 案之日起不超过12个月。本次回购股份后续将用于实施员工持股计划或股权激励。 每经头条（nbdtoutiao）——最高返现60%！惠民保年末销售乱象调查：业务员"贴钱"冲考核，谁在"赔 本赚吆喝"？ （记者 曾健辉） ...

每经AI快讯，立讯精密12月31日晚间发布公告称，公司第六届第二十一次董事会会议于2025年12月31 日在广东省东莞市清溪镇北环路313号公司综合楼四楼会议室召开。会议审议了《关于以集中竞价交易 方式回购公司股份方案的议案》等文件。 每经头条（nbdtoutiao）——最高返现60%！惠民保年末销售乱象调查：业务员"贴钱"冲考核，谁在"赔 本赚吆喝"？ （记者 曾健辉） ...

Core Viewpoint - The implementation of stable cash dividends by listed companies enhances shareholder recognition and market acceptance, with regulatory support from the China Securities Regulatory Commission (CSRC) encouraging reasonable and stable dividend policies [2][3]. Group 1: Dividend Implementation - Over 10 companies listed on the Shenzhen Stock Exchange announced mid-term and third-quarter dividend implementation announcements, with over 18 companies expected to distribute more than 10 billion yuan in total dividends at the beginning of 2026 [2]. - In 2025, Shenzhen-listed companies cumulatively distributed cash dividends amounting to 547.56 billion yuan, with a total of over 2 trillion yuan in dividends expected during the "14th Five-Year Plan" period [2]. - A total of 533 companies in Shenzhen implemented mid-term dividends of 132.93 billion yuan in 2025, representing a year-on-year increase of 25.98% [2]. Group 2: Regulatory Environment - The new "National Nine Articles" strengthens the regulation of cash dividends for listed companies and increases incentives for high-dividend companies [3]. - The CSRC issued guidelines to encourage cash dividends, aiming to enhance dividend levels and promote more frequent dividend distributions [3]. Group 3: Dividend Distribution by Sector - In 2025, the main board of Shenzhen listed 965 companies that cumulatively distributed cash dividends of 410.11 billion yuan, accounting for 74.90% of the total cash dividends in Shenzhen [3]. - The growth rate of dividends in the ChiNext board is notable, with 945 companies distributing a total of 137.45 billion yuan, reflecting a year-on-year growth of 8.41% [3]. Group 4: Notable Companies and Dividend Amounts - In the consumer sector, Wuliangye (000858.SZ) distributed 10 shares for 25.78 yuan, totaling 10.01 billion yuan in December 2025 [4]. - Gree Electric (000651.SZ) approved a mid-term profit distribution plan, distributing 10 yuan per 10 shares, totaling 5.59 billion yuan [4]. - In the financial sector, GF Securities (000776.SZ) distributed 1 yuan per 10 shares, totaling 0.76 billion yuan [4]. Group 5: Financial Performance - In the first three quarters of 2025, Shenzhen-listed companies achieved a total operating income of 15.72 trillion yuan, a year-on-year increase of 4.31%, and a net profit attributable to shareholders of 903.02 billion yuan, up 9.69% [5]. - 2,169 companies reported profits, representing 75.34% of the total, with 207 companies (9.54% of profitable companies) experiencing profit growth exceeding 100% [5].