According to a report from the Ho Chi Minh City Stock Exchange (HoSE), VinSpeed High-Speed Railway Investment and Development Joint Stock Company (VinSpeed) has just reported to the State Securities Commission, HoSE, and Vingroup Joint Stock Company (coded VIC) on the trading results of related persons of insiders.
Accordingly, on June 10, 2025, VinSpeed received the transfer of ownership of nearly 48.1 million VIC shares (equivalent to 1.24% of Vingroup’s charter capital) by Chairman Pham Nhat Vuong contributing VIC shares to this enterprise.
The transaction value, calculated at par value, is nearly VND 481 billion. After the transaction, VinSpeed owns nearly 48.1 million VIC shares, equivalent to 1.24% of Vingroup’s charter capital.
Vingroup Chairman Pham Nhat Vuong
In addition, the Vingroup Chairman also plans to contribute more than 70.6 million VIC shares to VinEnergo Energy Joint Stock Company (VinEnergo). The transaction value, calculated at par value, is over VND 706 billion.
The expected transaction implementation time is from June 16, 2025, to July 15, 2025. If the transfer is successful as planned, Mr. Pham Nhat Vuong is expected to hold nearly 537.5 million VIC shares (equivalent to 13.86%).
Previously, on April 23, 2025, the Vingroup Chairman also used more than 35 million VIC shares to contribute capital to VinEnergo. After this transaction, VinEnergo holds 35 million VIC shares, equivalent to 0.9% of Vingroup’s charter capital.
In a related development, on June 9, 2025, the Vingroup Board of Directors issued Resolution No. 13/2025/NQ-HĐQT-VINGROUP approving the Group’s participation in a joint venture and signing a joint venture contract with VinEnergo to jointly invest in the Hai Phong LNG Thermal Power Plant Project in Tan Trao Industrial Park, Kien Thuy District, Hai Phong City.
The project has a land area of approximately 98.515 ha. In the first phase, the project will invest in a capacity of 1,600MW, and in the second phase, it will invest in a capacity of 3,200MW.
The project’s duration is no more than 50 years from the date of approval.
The Board of Directors authorized the General Director, the legal representative of Vingroup, or the person authorized by the General Director to decide on the content and sign the joint venture contract with VinEnergo, carry out legal procedures for investing and implementing the project, establish a project enterprise (if necessary), and perform other tasks related to investing and constructing the project in accordance with the law and the approval of the Board of Directors.
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