**Joint-Stock Company Vimeco Welcomes New Major Shareholders as Leadership Changes**
Vimeco JSC (HNX: VMC) has welcomed two new major individual shareholders, Mr. Duong Duc Vu and Mrs. Ngo Thi Quynh Van. Specifically, on April 23, Mrs. Van purchased 2.8 million VMC shares, increasing her ownership to 10.71%. Two days later, Mr. Vu bought more than 2.9 million shares, equivalent to 11.2% of the capital. Prior to the transaction, neither held any shares in Vimeco.
These transactions took place as Mr. Phan Tran Hieu sold his entire holding of more than 5.7 million VMC shares (21.91%) and withdrew from the list of shareholders. Notably, Mr. Hieu had only become a major shareholder on December 23, 2024, by acquiring more than 5.6 million shares at an average price of VND 11,500 per share, with a transaction value of approximately VND 65 billion.
However, during the two sessions in which Mr. Hieu sold his shares, the agreed-upon transaction price was only about VND 7,000 per share, with a total value of approximately VND 40 billion – 39% lower than the initial purchase price. As a result, Mr. Hieu may have incurred a loss of more than VND 25 billion after holding the shares for just over four months.
Previously, at the same time Mr. Hieu increased his ownership to become a major shareholder (December 23, 2024), Mrs. Tran Kim Ngoc also purchased 6.5 million VMC shares to hold 24.87% of the capital, with an estimated value of nearly VND 75 billion.
Notably, these transactions occurred when the VMC share price was trading at a historical high of over VND 10,500 per share (on December 20, 2024), following a sharp increase from the VND 5,500 range just a month earlier. However, subsequently, the share price dropped sharply, falling below VND 6,000 per share in early April 2025, before slightly recovering to the VND 7,000 threshold at the present time, but still down more than 33% from its peak.
| VMC charted a “Christmas tree” pattern at the end of 2024 |
Changes in Leadership
In addition to the changes in major shareholders, Vimeco also witnessed a shift in its leadership as two members of the Board of Management, including Chairman Duong Van Mau and Mr. Nguyen Khac Hai, simultaneously stepped down on March 13 due to task reassignment by Viconex (VGC). Earlier, on March 5, Mr. Nguyen Tien Khanh also left his position as a member of the Supervisory Board for personal reasons.
On March 18, the VMC Annual General Meeting of Shareholders elected Mr. Tran Dinh Tuan as the new Chairman of the Board of Management, replacing Mr. Mau. Mr. Tuan, born in 1978, holds a Master’s degree in Business Administration and joined Vinaconex in March 2023 as Deputy General Director.
The meeting also approved the addition of two members to the Board of Management for the 2023-2028 term, including Mr. Vu Minh Hoang (born in 1982, currently Permanent Vice Chairman of Vimeco) and Mr. Nguyen Dac Truong (born in 1983, currently Vice Chairman in charge of finance). In addition, Mrs. Nguyen Thi Thuy Linh was elected to the Supervisory Board.
Previously, in mid-December 2024, Vinaconex successfully sold more than 12.1 million shares in Vimeco through a negotiated deal, reducing its ownership from 51.41% to just 5% of the capital. Vinaconex’s capital withdrawal attracted significant interest from shareholders. However, at the 2025 Annual General Meeting of Shareholders, Vimeco’s leadership affirmed that Vinaconex remains a long-term strategic partner, and Mr. Tran Dinh Tuan – the new Chairman – also represents Vinaconex at Vimeco.
 New Chairman of Vimeco’s Board of Management, Tran Dinh Tuan (3rd from right) at the 2025 Annual General Meeting of Shareholders
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First Quarter 2025 Profit Declines by Over 50%
Regarding the 2025 business plan, Vimeco set a target revenue of VND 1,160 billion, up nearly 4% from the previous year. Expected net profit is to increase by 26% to VND 4 billion. The company also approved a plan to issue more than 2.6 million bonus shares to increase its charter capital from VND 261 billion to VND 287.5 billion.
However, the first-quarter 2025 financial results were not as expected, with net revenue reaching nearly VND 116 billion, down 42% compared to the same period last year; net profit was only VND 371 million, a decrease of more than half, and only 9% of the full-year profit target.
| Vimeco’s Financial Performance from 2020 to 2024 |
– 15:29 02/05/2025
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