Recently, VOF Investment Limited, a member of VinaCapital, has registered to purchase 10 million shares of Khang Dien House Investment and Trading JSC (stock code: KDH). The transaction is expected to take place between January 20 and February 13, 2026, with the purpose of restructuring the investment portfolio through order matching and/or negotiated transactions.
Upon completion, VOF Investment Limited will hold 10 million KDH shares, equivalent to 0.89% of the charter capital. Prior to this transaction, the firm held no shares in Khang Dien House.
Based on KDH’s closing price of VND 30,100 per share on January 15, the estimated cost for this acquisition is approximately VND 300 billion.
Previously, the VinaCapital Modern Economic Equity Fund sold nearly 1.3 million KDH shares from December 9, 2025, to January 7, reducing its ownership to 0.12% (1.36 million shares).
Simultaneously, the VinaCapital Market Access Equity Fund completed the sale of approximately 1 million KDH shares, lowering its stake from nearly 0.17% to approximately 0.08%.
In terms of business performance, KDH reported a 9-month revenue of VND 2,857 billion in 2025, a 132% increase year-on-year, with after-tax profit reaching VND 841 billion, up 105% compared to the same period.
BSC Securities forecasts KDH’s net profit to grow by 8% in 2025 and 39% in 2026, driven by the Gladia by the Waters project (11.8 ha, 226 low-rise units).
ACB Securities highlights KDH’s growth prospects, supported by limited low-rise housing supply in former District 2, accelerated infrastructure development, and rapid expansion of the middle class, boosting demand for luxury villas. Projected after-tax profits are VND 1,012 billion for 2025 (+26%) and VND 1,782 billion for 2026 (+76%).
VinaCapital’s Two Funds Fail to Fully Offload Registered KDH Shares
Due to unfavorable market conditions, two member funds under VinaCapital were unable to fully execute the previously registered sale of KDH shares.
Prime Minister Issues New Directive on $3 Billion LNG Power Project Involving VinaCapital
In Tay Ninh (formerly Long An), two major projects, Long An I and II, with a combined capacity of 3,000 MW and an investment of $3.13 billion, are slated to break ground by late 2025. Spearheaded by GS Energy (South Korea) and VinaCapital, these initiatives aim to bolster energy infrastructure. However, a Government Inspectorate report previously highlighted procedural irregularities during the project’s preparatory phase, necessitating thorough review and corrective measures.



















