On November 28th, shares of Vietnam Electronics and Informatics Corporation (VEC) continued their remarkable rally, reaching VND 56,000 per share. This marked the seventh consecutive trading session of gains, propelling the stock price over 350% higher in just over a month and setting a new all-time high.
This surge followed a significant divestment by the State Capital Investment Corporation (SCIC). In late October 2025, SCIC auctioned off its entire stake of over 38.5 million shares, representing nearly 88% of VEC’s charter capital, at a starting price of VND 964 billion (approximately VND 25,000 per share). This marked the divestment of the state’s long-held ownership in the company.
After several unsuccessful attempts to sell the stake, the auction attracted significant interest when Geleximco Group unexpectedly bid over VND 2.562 trillion (around VND 66,500 per share) for the entire lot. This price was double the starting price and significantly higher than the market price. With this acquisition, Geleximco became the controlling shareholder, ushering in a new era for VEC.
The high price paid for VEC came as a surprise even to the seller. Previously, SCIC had attempted to sell its stake in VEC multiple times without success due to the large gap between the starting price and the market price, coupled with the company’s lackluster financial performance.
VEC had reported six consecutive years of losses, with losses of VND 6.2 billion in 2024 and VND 5.3 billion in 2023. In the first nine months of 2025, while after-tax profit improved to VND 2.7 billion, the parent company’s after-tax profit still recorded a loss of VND 2.65 billion.
The primary attraction for investors in VEC lies not in its core business but in the valuable land assets it holds. VEC and its subsidiaries own prime real estate in central locations, including 544.89 m² at 15 Tran Hung Dao and 288 m² at 29F Hai Ba Trung (Hanoi), as well as 425.52 m² at 197 Nguyen Thi Minh Khai (Ho Chi Minh City).
Additionally, the company holds projects in Lot 14-E5 of the Cau Giay New Urban Area (4,300 m²) and the VTB Green Building project in Ho Chi Minh City, although these projects are currently facing legal complications.
In related developments, December 9th is the final registration deadline for the company’s extraordinary shareholders’ meeting. The meeting is scheduled for January 8th, 2026, to discuss and approve matters within the authority of the general meeting.
Recently, VEC has also seen notable changes in its leadership. The company dismissed CEO Vu Hai Vinh and appointed Vu Van Hau as the new CEO effective November 10th. At the board level, Nguyen Van Dong was elected Chairman of the Board, replacing Le Thanh Tuan, who was previously dismissed.
Unveiling the Power of Numbers: Highlights from Vietnam Industry & Technology Week 2025
Vietnam Industry & Technology Week 2025 concluded with a remarkable 70,000 visitors and nearly 600 billion VND in signed transactions over just four days, solidifying Vietnam Exhibition Center (VEC) as the premier destination for the region’s industrial sector.
VEC: From the Trials by Fire to Revolutionizing Vietnam’s Exhibition Industry
Just three months since its official launch, the Vietnam Exhibition Center (VEC) has demonstrated its world-class capabilities in connectivity, organization, and operation through a series of large-scale, high-profile events. Beyond its status as a global top-10 wonder, VEC is rapidly emerging as a premier national and international hub, igniting Vietnam’s Expo-driven economic era.
FPT Telecom Holds Emergency Meeting Post State Capital Transfer Completion
FPT Telecom (UPCoM: FOX) has called an extraordinary shareholders’ meeting on December 24th, marking the first gathering since the official transfer of state capital from SCIC to the Ministry of Public Security on November 11th.
Geleximco Leadership Shakeup: Vu Van Hau Replaces Vu Van Tien as Chairman and CEO
Geleximco Group has announced the appointment of Mr. Vu Van Hau as Chairman of the Board of Directors and Chief Executive Officer of the Group.
SCIC Offers 98% Stake in Viwaseen for Sale, Starting at Over 1.2 Trillion VND
The divestment of Vietnam Water and Environment Investment Corporation (Viwaseen, UPCoM: VIW) has been relaunched by SCIC at an average price of VND 21,620 per share, despite VIW’s current market price standing at only VND 16,000 per share. Previous offering attempts failed due to a lack of investor interest.
