“Billionaire Pham Nhat Vuong Contributes Millions of VIC Shares to Boost VinSpeed’s Capital”

On June 18, VinEnergo Energy Joint Stock Company disclosed a report on the trading results of related persons of insiders. Accordingly, Mr. Pham Nhat Vuong, Chairman of the Board of Directors of Vingroup, transferred ownership of more than 70.6 million VIC shares to contribute additional capital to VinEnergo.

As a result, Mr. Vuong now holds a total of 105.6 million shares in VinEnergo, representing 2.72% of Vingroup’s charter capital. The transaction value, calculated at par value, amounted to over VND 706.4 billion. The transaction was executed through a transfer of ownership via the Vietnam Securities Depository and Clearing Corporation (VSDC) on June 17, 2025.

On the same day, VinSpeed High-Speed Railway Investment and Development Joint Stock Company announced that Mr. Pham Nhat Vuong registered to transfer ownership of nearly 88 million VIC shares to contribute additional capital to VinSpeed. Specifically, the number of shares transferred was 87.6 million VIC shares, equivalent to 2.26% of Vingroup’s charter capital.

The transaction value, calculated at par value, reached VND 875.6 billion. The transaction will be executed through a transfer of ownership via the Vietnam Securities Depository and Clearing Corporation (VSDC) from June 24, 2025, to July 23, 2025.

Following the completion of this transaction, the total number of VIC shares held by Mr. Pham Nhat Vuong in VinSpeed will increase to 135.6 million, equivalent to 3.50% of Vingroup’s charter capital.

Previously, on June 11, VinSpeed High-Speed Railway Investment and Development Joint Stock Company announced that the Chairman of Vingroup’s Board of Directors, Pham Nhat Vuong, had completed the transfer of ownership of more than 48 million Vingroup shares (VIC ticker symbol), equivalent to 1.24% of the capital, to contribute capital to VinSpeed.

Regarding VinEnergo Energy Joint Stock Company, the enterprise was officially established on March 12, 2025, mainly operating in the field of electricity and electrical equipment production. In addition to Mr. Pham Nhat Vuong, his two sons, and Vingroup, are also shareholders of this enterprise. Mr. Pham Nhat Quan Anh and Mr. Pham Nhat Minh Hoang each own 5% of the capital.

VinEnergo is identified as Vingroup’s joint venture partner in the Hai Phong LNG Thermal Power Plant project, expected to be located in Tan Trao Industrial Park, Kien Thuy District. The project is anticipated to be implemented during the 2025-2030 period if included in the adjusted Power Development Plan VIII.

Concerning VinSpeed, the company has registered to invest in the North-South High-Speed Railway project. The project has an investment capital of approximately VND 1.6 million billion (equivalent to about USD 61.35 billion), excluding compensation, support, relocation, and resettlement costs for land clearance. VinSpeed is responsible for arranging 20% of the project’s total investment capital, equivalent to VND 312,330 billion (approximately USD 12.27 billion).

For the remaining 80% (excluding compensation, support, relocation, and resettlement costs for land clearance), VinSpeed proposes to borrow capital from the state without interest within 35 years from the disbursement date.