According to a recent announcement by the Hanoi Stock Exchange (HNX), Vingroup Joint Stock Company (VIC on HNX) has successfully issued bonds.
On May 5, Vingroup offered 20,000 bonds with the code VIC12504 and a par value of VND 100 million per bond, totaling a value of VND 2,000 billion.
With a term of 24 months, this bond lot is expected to mature on May 5, 2027.
Source: HNX
Prior to this, on April 28, 2025, the company successfully issued bonds with a value of VND 2,000 billion under the code VIC1250. This bond lot has a term of 24 months and is expected to mature on April 28, 2027.
Furthermore, on April 11, 2025, Vingroup successfully offered 30,000 bonds with the code VIC12501 and 40,000 bonds with the code VIC12502, with a par value of VND 100 million per bond, totaling a value of VND 7,000 billion. These two bond lots have an interest rate of 12% per annum and terms of 25 and 38 months, respectively.
As previously reported, on April 8, 2025, Vingroup’s Board of Directors issued Resolution No. 07/2025/NQ-HĐQT-VINGROUP and Resolution No. 08/2025/NQ-HĐQT-VINGROUP, approving the offering of bonds with a total value of VND 3,000 billion and VND 4,000 billion, with maximum terms of 25 and 38 months from the issuance date, respectively.
These are non-convertible bonds that do not include warrants and are secured by assets owned by the issuing organization or its related parties.
The issuance date is as specified in the information disclosure before the bond offering and is determined in practice based on the announcement of the issuing organization or the information disclosure on the bond offering results.
The offering is targeted at professional securities investors as defined by law. The fund utilization plan is to restructure the debts of the issuing organization.
In terms of business performance, according to the consolidated financial statements for the first quarter of 2025, Vingroup’s consolidated net revenue reached VND 84,053 billion, up 287% year-on-year, thanks to positive growth in the industrial production and real estate development and investment sectors.
Consolidated after-tax profit reached VND 2,243 billion, up 68% compared to the previous year.
At the 2025 Annual General Meeting of Shareholders held on April 24, Vingroup’s business plan for 2025 was approved, with targets of VND 300,000 billion in net revenue and VND 10,000 billion in after-tax profit.
Thus, the company has achieved 28% of the revenue plan and 22.43% of the profit target for the full year in the first quarter.
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