According to an announcement from VPBank Securities Joint Stock Company (VPBankS), the company increased its ownership in Kinh Bac City Development Corporation from 46,3 million shares to 47,5 million shares, representing over 5%. Prior to becoming a major shareholder, VPBankS had not disclosed any transactions related to KBC shares.

Beyond VPBankS, Kinh Bac City Development has 4 other major shareholders: PVI Infrastructure Investment Fund, Chairman Dang Thanh Tam, and two entities linked to him. Domestic and foreign organizations currently hold about 67,5% of the company's capital, with individual investors owning the remainder.

Established in 2002, Kinh Bac City Development primarily operates in industrial park and real estate development. By the end of last year, the company owned over 9,200 hectares of industrial land, accounting for 6,32% of the national total. Additionally, the company has developed nearly 2,300 hectares of urban land across various provinces and cities.

Annually, Dang Thanh Tam's company consistently generates thousands of billions of Vietnamese dong in revenue and profit. In 2025, Kinh Bac City Development reported revenue of 6,687 billion VND and a net profit of 2,013 billion VND, representing increases of 2,4 times and 5,5 times respectively compared to the previous year.

VPBankS, which operates in the finance and securities sector, is a company more than 79% owned by VPBank. The company currently has a charter capital of 18,750 billion VND, ranking third in its industry.

For this year, the company plans to achieve revenue of 11,074 billion VND and pre-tax profit of 6,453 billion VND, representing increases of 39% and 44% respectively compared to last year. Management aims to boost its brokerage market share on the Ho Chi Minh City Stock Exchange from 3,2% to 5%, and increase average annual outstanding loans from approximately 20,000 billion VND to nearly 49,500 billion VND.

Trong Hieu