S Korea's KIM Fund raises stake in Vietnam's marine transportation firm VIPCO
South Korea’s KIM Fund has increased its stake in Hai Phong city-based Vietnam Petroleum Transport JSC (VIPCO, HoSE: VIP) to 2.73%, making it the latter’s second-largest shareholder.
Specifically, KIM Vietnam Fund Management Company Limited acquired 500,000 VIP shares on March 19 from its affiliate, KITMC Worldwide Vietnam RSP Balanced Fund, raising its stake in VIPCO from 2% to 2.73%.

A VIPCO vessel. Photo courtesy of the firm.
As a result, the South Korean fund’s total holding in VIPCO grew from 6.57% to 7.3%, solidifying its position as the second-largest shareholder after Petrolimex Joint Stock Tanker Company (HoSE: PJT), which holds 51%.
Meanwhile, Marine Supply and Engineering Service JSC (Maserco, HNX: MAC) and TM Holding Fund Company Ltd have both reduced their VIP stakes to below 5%. These firms are affiliated with businessman Tran Tien Dung, a prominent figure in the maritime sector and now chairman of the Hai Phong Logistics Association.
VIP sets a target of VND81.6 billion ($3.2 million) in net profit and VND575.8 billion ($22.47 million) in revenue in 2025, down 7% and 12% year-on-year, respectively. The company revised down its business goals due to concerns over lingering global supply chain disruptions caused by the Russia-Ukraine conflict, inflation risks, and a mild economic slowdown.
VIP shares closed Tuesday at VND14,550 ($0.56) each.
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