Posted on 21 Oct 2025
Viet Nam Steel Corporation (VNSteel) completed the sale of its entire 65% stake, nearly 9.9 million VCA shares, in Vicasa Steel to a domestic investor for approximately VND 126.3 billion. The divestment, part of VNSteel's restructuring plan, took place via public auction from October 7 to October 13, 2025, yielding a net profit of around VND 125.6 billion.
Vicasa Steel is simultaneously preparing for some changes, including relocating its factory, managing assets, and electing new board members to reflect the new ownership.
An extraordinary General Meeting of Shareholders is scheduled for December 2025.
Source:Yieh
