The listing of Vinpearl with a massive valuation has accentuated the impact of Vingroup’s stocks on the Vietnamese stock market. As of the close of May 14, the combined market capitalization of Vingroup, Vinhomes, Vinpearl, and Vincom Retail reached nearly VND 790,000 billion, accounting for over 14% of the total market capitalization on the HoSE floor.
With Vinpearl’s remarkable performance, billionaire Pham Nhat Vuong has three representatives in the top 10 listed companies in Vietnam. Additionally, Vincom Retail is among the top 30 most valuable companies on the stock exchange. The Vingroup conglomerate also includes a billion-dollar enterprise, VEFAC, which is traded on the UPCoM exchange.
Notably, the “super quartet” of billionaire Pham Nhat Vuong, comprising the stocks of Vingroup, Vinhomes, Vinpearl, and Vincom Retail, contributed a total of over 75 points to the VN-Index, while this index rose by less than 43 points from the beginning of 2025. It is evident that the Vingroup cluster is one of the most significant contributors to pushing the VN-Index back to the 1,300-point threshold.
Since the beginning of the year, VIC has nearly doubled, VHM has increased by more than 50%, and VRE has risen by 44%, climbing to a multi-month peak. Meanwhile, VPL, which debuted on the exchange just two sessions ago, has already climbed by 28%, contributing almost 10 points to the index. Much of this upward momentum can be attributed to Vinpearl’s listing application submitted in early March.
The surge in VIC stock has propelled the wealth of billionaire Pham Nhat Vuong significantly. It is estimated that Mr. Pham Nhat Vuong’s wealth (including direct and indirect holdings) on the Vietnamese stock market amounts to approximately VND 165,000 billion (USD 6.5 billion), marking an increase of VND 80,000 billion compared to the beginning of 2025.
According to the latest update from Forbes, as of May 14, Pham Nhat Vuong is ranked as the 322nd richest person globally, with a net worth of USD 9.2 billion. The Vingroup chairman is the first Vietnamese to attain this milestone, according to Forbes’ calculations. It is important to note that calculating the exact wealth of billionaires is challenging, and the figures provided by Forbes are only estimates.
Aside from the stocks on the Vietnamese stock market, a significant portion of billionaire Pham Nhat Vuong’s wealth is derived from VinFast, a company listed on the Nasdaq exchange. VinFast is currently Vietnam’s best-selling automotive brand and is ranked among the top 10 most valuable electric vehicle companies globally, with a market capitalization of USD 8.7 billion (according to companiesmarketcap).
Returning to Vingroup, in 2025, the conglomerate led by billionaire Pham Nhat Vuong set a target of approximately VND 300,000 billion in revenue from production and business activities and VND 10,000 billion in after-tax profit, representing increases of 56% and 90%, respectively, compared to 2024. With these results, Vingroup has achieved 28% of its revenue plan and 22% of its profit target for the first quarter.
Regarding the first-quarter financial results, Vingroup recorded a consolidated gross revenue of VND 84,053 billion, a remarkable 287% increase compared to the same period in 2024. This impressive growth was driven by positive performance in the fields of industrial production and real estate development and investment. The company achieved a record-breaking quarterly profit, with an after-tax profit of VND 2,243 billion, a 68% increase compared to the first quarter of 2024.
The New Crown Jewel of Haiphong: A Multi-Billion Dollar Project by Vingroup
“The land area allocated to Vingroup has undergone a strategic revision, with a refined focus on essential facets. A reduction in land designated for transportation purposes, including urban railways and external communications – specifically the ring road 3, marks a shift in vision. This evolution in allocation strategy paves the way for a redefined future, where every inch of land serves a purpose, and every purpose is served with excellence.”
Vingroup Successfully Raises $85 Million in Bond Offering
On May 9, 2025, Vingroup successfully offered a total of VND 2,000 billion ($85 million) in bonds, under the code VIC12505, with a maturity of 24 months.
Theme Parks – Vinpearl’s “Cash Cow” and the Race to Conquer Asia
“Vinpearl’s entertainment parks contribute significantly to their core business revenue, accounting for approximately 40%. With impressive pre-tax profit margins, including interest and depreciation, ranging from 60 to 70%, this arm of the business is a key player in their overall success and profitability.”
Vinpearl’s IPO Success: Market Capitalization Surpasses VND 150,000 Billion
“Vinpearl, the latest addition to Vietnamese billionaire Pham Nhat Vuong’s flourishing ecosystem, has joined the ranks of its sister companies Vingroup, Vinhomes, Vincom Retail, and VEFAC in achieving the coveted unicorn status. With a successful listing, Vinpearl cements its position as a formidable player in the industry, mirroring the success of its illustrious peers under the visionary leadership of Vuong.”
Who Else, Besides Billionaire Pham Nhat Vuong, Has Invested in Vinspeed, the Company Behind the Proposed $61 Billion High-Speed Rail Project?
With a registered capital of 6 trillion VND, the company boasts an impressive financial foundation.
