Notably, Tasco Investment initially planned to acquire nearly 52.5 million shares of DNP. The company cited that the reason for not purchasing the full registered amount was due to the offered volume falling short of investment expectations.
Previously, during the period from October 21 to November 20, 2025, Tasco Investment accumulated 39.1 million shares, securing a 27.8% stake in DNP, up from zero ownership. In this transaction, Tasco Investment also fell short of its registered target of 91.6 million shares, equivalent to 65% of DNP‘s capital.
These actions are part of a pre-established plan. In early October 2025, Tasco’s Board of Directors approved a resolution for its subsidiary, Tasco Investment, to purchase shares and become the parent company of DNP.
In a late 2025 announcement, Tasco Investment confirmed its status as DNP‘s parent company, emphasizing this move as a strategic step in investing in essential sectors such as clean water, renewable energy, healthcare, and household goods.
This investment aligns with Tasco’s overarching strategy. Alongside its core business pillars, including Mobility (automotive services, smart transportation infrastructure, and travel services via Tasco Auto, VETC, Carpla…) and insurance (Tasco Insurance), Tasco, through Tasco Investment, pursues investments in essential and innovative sectors.
Beyond share ownership, Tasco Investment and DNP share a close relationship through key personnel. Mr. Ngô Đức Vũ, Standing Vice Chairman of DNP‘s Board of Directors, also serves as Vice Chairman of Tasco’s Board; Ms. Phan Thùy Giang holds the position of Deputy General Director at both DNP and Tasco; Ms. Trần Thị Linh, an Independent Board Member and Chairman of the Inspection Committee at DNP, is a member of Tasco’s Control Board; and Ms. Hoàng Thị Soa, responsible for DNP‘s governance, also serves on Tasco’s Control Board.
DNP Holding officially becomes a subsidiary of Tasco
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Conversely, CTCP VII recently exited the group of major DNP shareholders after selling approximately 6.7 million shares on December 22, reducing its ownership to 2.17% of the capital. Earlier, on December 19, VII sold over 1.2 million shares.
In terms of business operations, during the first nine months of 2025, DNP reported net revenue exceeding 7,000 billion VND, a 12% increase year-on-year. In the third quarter alone, the company generated 2,300 billion VND in revenue, a 4% rise, driven by growth in core business areas such as pipes and accessories, clean water, tiles, and household goods.
The company’s after-tax profit in the third quarter was over 53 billion VND, down 21% year-on-year. According to the company, this result stems from streamlining investments in affiliated companies to focus resources on projects addressing saltwater intrusion, developing freshwater infrastructure in the Mekong Delta, and solving clean water issues in key areas. This shift reduced profits from joint ventures and affiliates.
For the first nine months, DNP posted an after-tax profit of nearly 125 billion VND, a slight increase year-on-year. Ultimately, the company’s net profit reached nearly 68 billion VND, up 62%, reflecting a significant shift between the parent company’s interests and those of non-controlling shareholders.
| DNP reports a net profit of nearly 68 billion VND in the first nine months of 2025 |
– 11:38 07/01/2026
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