Viconship (VSC) has registered to sell 343,400 shares of Vinaship (VNA).

Vietnam Container Shipping Joint Stock Company (Viconship, ticker: VSC – HOSE) has registered to sell 343,400 VNA shares to reduce its ownership from 40.01% to 39% of the charter capital. The transaction is expected to be carried out from December 26, 2025 to January 23, 2026.

In fact, on October 10, 2024, Viconship purchased 12,767,240 VNA shares, increasing its ownership from 2.46% of the charter capital to 40.01% of the charter capital and becoming a major shareholder.

Thus, after more than one year of accumulation, Viconship has unexpectedly decided to reduce its ownership in Vinaship.

In terms of business performance, in Q3/2025 Vinaship recorded revenue of VND 133.77 billion, down 18% year-on-year. Net profit after tax recorded a loss of up to VND 9.06 billion, compared to a loss of VND 3.9 billion in the same period last year, meaning losses increased by VND 5.16 billion. Notably, the company operated below cost of goods sold, resulting in a gross loss of VND 0.51 billion compared to a gross profit of VND 13.04 billion in the same period last year, a decrease of VND 13.55 billion.

During the period, in addition to operating below cost, financial income increased by 173.1% year-on-year, up an additional VND 1.8 billion to VND 2.84 billion; financial expenses decreased by 68.9%, down VND 6.18 billion to VND 2.79 billion; selling and administrative expenses decreased by 4.8%, down VND 0.43 billion to VND 8.5 billion, while other activities showed no significant changes.

Cumulatively in the first nine months of 2025, Vinaship recorded revenue of VND 453.63 billion, down 3.1% year-on-year. Net profit after tax recorded a loss of VND 8.73 billion compared to a profit of VND 23.94 billion in the same period last year, a decrease of VND 32.67 billion.

It is known that in 2025, Vinaship set a revenue target of VND 745 billion and an expected profit before tax of VND 117.5 billion.

Accordingly, by the end of the first nine months of 2025 with a pre-tax loss of VND 8.61 billion, Vinaship remains very far from its plan to achieve a profit of VND 117.5 billion in fiscal year 2025.

At the close of the trading session on December 25, VNA shares increased by VND 300 to VND 17,500 per share.