According to the Hanoi Stock Exchange (HNX), Vietnam Cement Corporation (Vicem) plans to auction shares in lots of Vicem Hoang Thach Transport JSC (Vicem Hoang Thach Transport), a subsidiary owned by Vicem.
Specifically, Vicem intends to auction 33,545 shares in lots, with a par value of VND 100,000 per share, at a starting price of VND 10,432,495,000 per lot.
Eligible investors include domestic and foreign economic organizations, social organizations, and individuals, as per regulations. The auction is scheduled for 10:30 AM on December 23, 2025.
According to Vicem’s Q2/2025 Consolidated Financial Report, Vicem Hoang Thach Transport is a subsidiary in which Vicem holds a 51.61% stake.
Illustrative image: Vicem
In addition to Vicem Hoang Thach Transport, Vicem is also registering to sell shares in several joint ventures and affiliated companies.
Specifically, Vicem plans to sell 1,538,050 shares in Ha Tien Packaging JSC, 568,448 shares in Hoang Thach Packaging JSC, and 1,200,000 shares in Song Da 12 JSC.
The par value is VND 10,000 per share, with starting prices for the lots set at VND 73,672,595,000, VND 43,145,203,200, and VND 2,400,000,000, respectively. The auction is scheduled for December 22-23, 2025.
These three companies are affiliates in which Vicem holds stakes of 38.45%, 27.76%, and 24%, respectively, according to the Q2/2025 Consolidated Financial Report.
This move by Vicem aligns with the Restructuring Plan for the Corporation for the 2021-2025 period, approved by the Ministry of Construction in Decision 528/QĐ-BXD dated June 11, 2024.
Vicem’s Board of Directors issued Decision No. 1319/QĐ-VICEM on August 14, 2024, approving the implementation plan for the restructuring, and Decision No. 1748/QĐ-VICEM on October 25, 2024, approving the capital divestment plan for 2024-2025.
Previously, the Ministry of Public Security’s Portal reported that the Ministry’s Investigation Police Agency is investigating a case of “Violating regulations on the management and use of state assets, causing losses and waste” at Vicem and related units.
Expanding the investigation, on September 22, 2025, the Investigation Police Agency issued arrest warrants, preventive measures, and search orders for four suspects: Ta Quang Buu, former Board Member and Deputy General Director of Vicem; Tran Binh Trong, former Deputy General Director; Nguyen Lam Cuong, former Deputy General Director; and Doan Thi Mai Lan, former Head of the Economics and Budget Department at Vietnam Construction Consulting Corporation. They are charged with “Violating regulations on the management and use of state assets, causing losses and waste” under Article 219, Clause 3 of the Penal Code.
After approval from the Supreme People’s Procuracy (Department 3), the Investigation Police Agency executed the warrants and orders in accordance with the law.
The Investigation Police Agency is currently consolidating evidence against the suspects and continues to expand the investigation to uncover other violations by individuals, organizations, and related units. Measures are being taken to fully recover state assets.
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