SK Group fully divests from Vietnam's top private conglomerate Vingroup
SK Investment Vina II Pte. Ltd, a member fund of South Korean chaebol SK Group, has sold all of its VIC shares of Vietnam’s leading private conglomerate Vingroup, according to its newly-released semi-annual report.
The Ocean Park 1 project developed by Vingroup in Hanoi. Photo courtesy of the group.
On the August 5 trading session, VIC rose 5.7% to VND117,500 ($4.47) per share, with a trading volume of approximately 455.7 million units.
The day before, around 90 million VIC shares were transferred from foreign to domestic investors, during which the price hit the ceiling, closing at VND111,200 apiece. On August 4, foreign investors recorded a net sell of VND9.82 trillion ($373.81 million) in VIC shares.
Previously, in January 2025, SK Investment Vina II had sold nearly 51 million VIC shares, reducing its holding to 180.61 million, equivalent to a 4.72% stake. Since then, SK’s transactions were no longer subject to disclosure requirements as it was no longer a major shareholder of Vingroup.
At that time, Vingroup’s leadership said that SK’s divestment was part of its strategy to restructure its investment portfolio in international markets. Nevertheless, the South Korean firm expressed continued confidence in Vietnam’s market potential and in Vingroup, citing its diverse business opportunities and leading position in most business sectors.
VIC closed the Friday trading session at VND118,200 ($4.5) per share. The foreign ownership room in Vingroup increased to 44.08%, up from 41.09% on August 5.
Vingroup reported a consolidated net profit of VND4.51 trillion ($172.2 million) in the first half of 2025, up 120% year-on-year, driven by strong performance in real estate and electric vehicle segments.
Consolidated net revenue surged to VND130.37 trillion ($4.98 billion) in the six-month period, more than doubling from the same period last year, according to its Q2 financial statement.
In Q2, the firm recorded a net profit of VND2.27 trillion ($86.49 million) on revenue of VND46.3 trillion ($1.77 billion), up 31% and 9% year-on-year, respectively.
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