The CEO of Vinasun Fails to Purchase 2 Million Registered Shares

Vinasun Joint Stock Company (Vinasun, ticker symbol: VNS, listed on the Ho Chi Minh Stock Exchange) has recently released a report on the trading activities of its insiders and their related parties.

According to the report, between July 21, 2025, and August 18, 2025, Mr. Dang Thanh Duy, the CEO of Vinasun, successfully purchased 500,000 VNS shares out of the previously registered plan to acquire 2 million shares. The reason for not completing the full transaction was due to changes in plans.

As a result of this transaction, Mr. Duy’s holdings in VNS shares increased from nearly 3.4 million to nearly 3.9 million, raising his ownership stake from 4.99% to 5.73%, thus officially making him a major shareholder of Vinasun.

The report also revealed that Mr. Dang Phuoc Thanh, Mr. Duy’s father, holds over 16.9 million VNS shares, representing a 24.92% stake in Vinasun. Additionally, Mrs. Ngo Thi Thuy Van, Mr. Duy’s mother, owns nearly 8.1 million VNS shares, equivalent to an 11.91% stake.

Following the above-mentioned share purchase, the total number of shares held by Mr. Duy and related parties stands at nearly 28.9 million, equivalent to a 42.56% ownership of Vinasun’s charter capital.

In terms of business performance, according to the consolidated financial statements for the second quarter of 2025, Vinasun recorded a revenue of over VND 216.7 billion, a 14.4% decrease compared to the same period last year. After deducting taxes and expenses, the company reported a net profit of over VND 9.9 billion, a 41.4% decline.

For the first six months of 2025, Vinasun’s cumulative revenue was over VND 451.1 billion, a 15.2% decrease compared to the same period in 2024. The after-tax profit was over VND 24.1 billion, a 38% decrease.

For the full year 2025, Vinasun has set a business plan with consolidated revenue expected to reach VND 976.9 billion and after-tax profit estimated at VND 53.6 billion. As of the end of the second quarter, the company has achieved 46.2% of the revenue plan and 45% of the profit plan.

As of June 30, 2025, Vinasun’s total assets decreased by 4.2% compared to the beginning of the year, amounting to nearly VND 1,776.9 billion. Fixed assets accounted for 72.4% of total assets, valued at nearly VND 1,286.6 billion. Cash and cash equivalents stood at over VND 209.6 billion, while long-term assets under construction were over VND 61.9 billion.

On the liabilities side, total liabilities were nearly VND 671.4 billion, a 4.8% decrease from the beginning of the year. Short-term loans accounted for 29.9% of total assets, amounting to nearly VND 200.7 billion. Long-term loans and finance leases totaled nearly VND 277.7 billion, representing 41.4% of total assets.