Singapore sovereign fund GIC divests from Vietnamese consumer giant Masan
A group led by Singaporean sovereign fund Government of Singapore (GIC) has cut its ownership in Vietnam’s leading consumer goods manufacturer and retailer Masan Group to below 5%, losing its status as a major shareholder.

A consumer shops for Masan Group products. Photo courtesy of Dau Tu (Investment) newspaper.
GIC sold 545,800 shares in Masan Group, listed on the Ho Chi Minh Stock Exchange as MSN, earlier this month, reducing its holding to 31.64 million shares, or a 2.21% stake.
Its affiliate, Ardolis Investment Pte Ltd., holds a 2.76% stake, leaving a combined 4.98%, down from 5.01% before the transaction.
GIC started to invest in Masan Group in 2016 and spent hundreds of millions of USD to buy 13.03% of the firm. In late 2020, the group started to divest from the Vietnamese firm, and one year after Masan Group acquired VinCommerce, the operator of the VinMart and VinMart+ retail chain from Vingroup.
GIC and its affiliates had sold nearly 33 million MSN shares in January 2022.
Masan earned a net profit of VND1.87 trillion ($75.46 million) in 2023, down 61% year-on-year, although its revenue rose 3% to VND78.25 trillion ($3.16 billion).
U.S.-based multi-asset investment firm Bain Capital in December agreed to increase its equity investment in Masan to $250 million from the previously announced $200 million.
In Vietnam, GIC has also invested in other majors like Vinhomes - the residential property developer under Vingroup, budget carrier Vietjet, tech firm FPT, and agribusiness The PAN Group.
MSN shares closed last Friday at VND78,500 ($3.17) apiece.
- Read More
Vietnam's stock market moving toward sustainability, professionalism: exec
The quality of investors in Vietnam has significantly improved as more and more investors start to adopt asset management strategies and disciplined investing, instead of merely engaging in short-term trading, said Nguyen Hoang Yen, chairwoman of Mirae Asset Securities.
Finance - Tue, July 8, 2025 | 11:40 pm GMT+7
Vietnam's credit growth hits record high since 2023
Vietnam’s total credit outstanding surpassed VND17.2 quadrillion (about $658.31 billion) in the first half of 2025, marking a 9.9% increase from the end of 2024 and a 19.3% rise year-on-year, the highest growth rate since 2023.
Banking - Tue, July 8, 2025 | 11:26 pm GMT+7
Foreign investors net buy for fifth consecutive session
Foreign investors' transactions on the Ho Chi Minh Stock Exchange (HoSE) continued to be a highlight as they net bought for the fifth consecutive session on Tuesday, to the tune of over VND7,679 billion ($293.88 million).
Finance - Tue, July 8, 2025 | 6:08 pm GMT+7
Northern Vietnam province opens bid for $2 bln tourism-casino complex project
Quang Ninh, a coastal province in northern Vietnam, is seeking investors for a large-scale tourism and casino complex valued at VND51.5 trillion ($2 billion) in its strategic Van Don Economic Zone.
Real Estate - Tue, July 8, 2025 | 4:37 pm GMT+7
The Investor to hold seminar on raising investor awareness towards stock market status upgrade
The Investor and its Vietnamese-language sister Nhadautu.vn will host a seminar titled “Raising investor awareness towards stock market status upgrade” in Hanoi on July 17.
Finance - Tue, July 8, 2025 | 4:02 pm GMT+7
Many uncertainties over exchange rates: Vietnam's central bank
There are many "unknowns" with monetary policy and exchange rates in the coming time, said Pham Chi Quang, director of the State Bank of Vietnam's (SBV) monetary policy department.
Banking - Tue, July 8, 2025 | 3:53 pm GMT+7
World's largest iron ore, nickel producer wants to expand business in Vietnam
Prime Minister Pham Minh Chinh has asked Vale Group, a multinational Brazilian corporation in the fields of metals, mining, and logistics, expand business in Vietnam.
Industries - Tue, July 8, 2025 | 1:52 pm GMT+7
Vietjet appoints new managing director
Vietjet Aviation Joint Stock Company (HOSE: VJC) has appointed Nguyen Thanh Son as its new managing director, succeeding Dinh Viet Phuong.
Companies - Tue, July 8, 2025 | 8:10 am GMT+7
First turbine rotor installed at expanded Hoa Binh hydropower plant in northern Vietnam
The rotor of the first turbine at the expanded Hoa Binh Hydropower Plant project was successfully installed on Sunday in Phu Tho province, formerly Hoa Binh province, northern Vietnam.
Companies - Tue, July 8, 2025 | 8:07 am GMT+7
Singapore heavily penalizes nine financial institutions for money laundering
The Monetary Authority of Singapore (MAS) has fined nine financial institutions SGD27.45 million ($21.55 million) for breaches related to the 2023 money laundering case involving more than SGD3 billion in assets.
Southeast Asia - Tue, July 8, 2025 | 7:58 am GMT+7
Foreign cash flows push VN-Index past 3-year peak
With positive sentiment from both domestic and foreign investors, VN-Index on Monday surpassed the 1,400 mark after more than three years. The last time the benchmark index reached this level was on April 19, 2022.
Finance - Tue, July 8, 2025 | 7:28 am GMT+7
Japan's Granja Fujikura eyes developing large-scale, high-tech agriculture in Vietnam
Granja Fujikura Group wishes to receive favorable conditions in Vietnam to develop large-scale, high-tech agriculture.
Economy - Mon, July 7, 2025 | 11:22 pm GMT+7
Vietnam's Maritime Bank plans 20% stock dividend payout
Vietnam Maritime Commercial Joint Stock Bank (MSB) plans to issue up to 520 million shares as stock dividends, equivalent to 20% of its outstanding shares at the record date.
Banking - Mon, July 7, 2025 | 5:30 pm GMT+7
Vietnam's shipping major Vinaship to pay first cash dividends after 14 years
Vinaship, a major shipping firm in Vietnam, plans to pay cash dividends for the first time in the past 14 years, at a total of approximately VND20.4 billion ($779,670).
Companies - Mon, July 7, 2025 | 4:36 pm GMT+7
Vietnam, Brazil eyes joint coffee exchange
Vietnam and Brazil will sign a food security agreement which includes plans to explore a joint coffee exchange and possibility of building a shared bilateral coffee brand.
Economy - Mon, July 7, 2025 | 4:02 pm GMT+7
Vietnamese property major Hoang Huy’s subsidiary plans new share issuance before HoSE listing
CRV Real Estate Group JSC, a member of Vietnam's major property developer Hoang Huy Group, has approved a plan to issue an additional 16.81 million shares to existing shareholders at a 40:1 ratio and the price of VND26,000 ($1) per share.
Companies - Mon, July 7, 2025 | 2:29 pm GMT+7