According to a notification from Vinaconex, in order to restructure its investment, the company has registered to sell 10.5 million shares of the Vietnam Water and Environment Investment Corporation (Viwaseen). The transaction is expected to be conducted through order matching or negotiation from March 20 to April 19.
If the transaction is successful, Vinaconex will reduce its ownership in Viwaseen from 98.16% to 80%. In the market, VIW shares have seen 7 consecutive sessions of hitting the ceiling price (equivalent to 162%) reaching 40,900 VND per share, as of March 16. At this price level, Vinaconex could collect nearly 430 billion VND.
Viwaseen was established in 1975, primarily operating in the construction, water supply and drainage infrastructure, and real estate business. In December 2025, Vinaconex spent about 1,200 billion VND to acquire more than 98% of Viwaseen’s shares from the State Capital Investment Corporation (SCIC).
At the extraordinary meeting on March 5, Viwaseen’s shareholders elected 5 members to the Board of Directors (BOD) for the term 2026-2031, all of whom are new members in the company’s BOD. Among them, Mr. Nguyen Xuan Dong is currently the General Director and a member of the BOD of Vinaconex.
The congress also elected Mr. To Dung as the Chairman of Viwaseen. Mr. Dung, born in 1962, is currently the Chairman of Xuan Cau Holdings, a company in the real estate sector.
Last year, Viwaseen recorded revenue of 975 billion VND, with after-tax profit of over 34 billion VND, marking increases of 11% and 130% respectively compared to the same period last year. The company’s profit improved significantly due to reduced financial costs.