Ban Viet Discovery Fund Sells Entire VCI Stake, Exits Vietcap Securities
This Aveluro analysis covers VCI (Chứng khoán Vietcap) in the Financial Services sector. The classified event type is stake change, with negative sentiment and a deterministic market-impact score of 4.0/10. Aveluro classifies this story as a negative catalyst and risk signal for the affected stock. Source coverage came from CafeF - Thị trường chứng khoán, classified as a primary/top-tier source.
Follow this event and trade Vietnam stocks
Use the broker guide to compare Vietnam market access before acting on this news.
Aveluro may earn a commission from broker partners. Market data and broker availability can change; confirm access before opening an account.
Overview
Ban Viet Discovery Fund (VCAMDF) has sold its entire holding of 135,000 shares in Vietcap Securities (VCI), ceasing to be a shareholder. The fund is chaired by Nguyen Thanh Phuong, who also chairs Vietcap. The disposal occurred via order matching from May 6-8, 2026, and follows a prior reduction in March. Separately, the wife of board member To Hai sold her entire 1.47% stake in VCI in April-May 2026.
Key Facts
- VCAMDF sold all 135,000 VCI shares (0.08% stake) from May 6-8, 2026 via order matching.
- The fund’s chairwoman, Nguyen Thanh Phuong, also chairs Vietcap and holds 30.8 million VCI shares (2.68%).
- Prior to this, VCAMDF’s management company sold 218,300 VCI shares in March 2026, reducing its stake from 0.08% to 0.05%.
- Truong Nguyen Thien Kim, wife of board member To Hai, sold 16.91 million VCI shares (1.47%) via negotiated transactions from April 15 to May 4, 2026.
- VCI reported Q1/2026 net profit of VND 341 billion, up 16% year-on-year, on revenue of VND 1,400 billion (+65%).
- Total assets at March 31, 2026 stood at VND 37,100 billion, up 3% from year-end 2025.
What Happened
Ban Viet Discovery Fund (VCAMDF) disclosed that it sold its entire 135,000 VCI shares between May 6 and May 8, 2026, using order matching. The transaction reduced the fund’s ownership to zero, making it no longer a shareholder of Vietcap Securities. The fund is chaired by Nguyen Thanh Phuong, who also serves as Chairwoman of Vietcap’s Board of Directors. Ms. Phuong personally holds 30.8 million VCI shares, representing 2.68% of the company.
In a related development, Truong Nguyen Thien Kim, wife of board member To Hai, sold all 16.91 million VCI shares (1.47%) via negotiated transactions from April 15 to May 4, 2026. To Hai retains 174.33 million shares (15.19%). The sales come amid strong Q1 results for Vietcap, with net profit rising 16% to VND 341 billion.
Market Context
VCI shares closed at VND 25,700 on May 13, 2026, up 0.78% with volume of 8.2 million shares. The stock trades on HOSE. The fund’s exit and insider selling may raise concerns about sentiment, but the small size of VCAMDF’s stake (0.08%) limits direct impact. Vietcap’s Q1 earnings growth of 16% provides a positive backdrop, though cost pressures are evident.
Strategic Significance
The sale by a fund chaired by Vietcap’s own chairwoman may be interpreted as a portfolio rebalancing rather than a negative signal, given the small stake. However, the concurrent insider selling by a board member’s spouse could weigh on investor confidence. Vietcap’s strong Q1 performance, driven by brokerage and lending income, underscores its operational momentum. The company’s ability to manage rising costs will be key to sustaining profitability.
What to Watch
- Further insider transactions by board members or major shareholders.
- Q2 2026 earnings release to assess cost trends and margin sustainability.
- Changes in Vietcap’s investment portfolio, particularly AFS holdings in FPT, MBB, MWG, etc.
- Any regulatory filings regarding changes in ownership by the chairwoman personally.
- Market share trends in brokerage and margin lending for Vietcap.