Vietnam Steel Corporation (VNSteel) has announced the completion of its divestment of a 65 percent stake in its subsidiary Vicasa Steel (VCA) to a domestic investor, marking a significant step in the company’s ongoing restructuring efforts.
The transaction, valued at VND 126.3 billion ($4.79 million), results in VNSteel no longer being a shareholder or parent company of Vicasa Steel. According to the company, this move is aligned with its corporate reform strategy, which focuses on refining operations and improving business efficiency.
Meanwhile, the Ho Chi Minh City Stock Exchange has placed VCA shares on a warning list starting October 23, 2025, due to the company’s halted production activities over the past three months.
Following the sale, Vicasa Steel is expected to undergo changes in governance and asset structure to reflect its new ownership and operational strategy.
VietnamSteel by Hoa Sen Group
