Vingroup Achieves Unprecedented Milestone in Nearly Five Years

Vingroup has surpassed Vietcombank to become the most capitalized company on the Vietnamese stock market.

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By the close of trading on September 17th, VIC shares surged 6% to VND 143,100 per share, pushing Vingroup’s market capitalization to nearly VND 551.4 trillion. Conversely, VCB shares dipped 1.2% to VND 64,800 per share, valuing Vietcombank at VND 541.4 trillion.

As a result, Vingroup has overtaken Vietcombank to reclaim the title of Vietnam’s most valuable publicly traded company.

Since the beginning of the year, VIC shares have soared approximately 250%, adding roughly VND 396 trillion to the company’s market capitalization.

Vingroup previously held the top market cap position for three consecutive years from 2018 to 2020. However, Vietcombank took the lead in 2021 and maintained it until now, when Vingroup successfully reclaimed the top spot.

In terms of financial performance, Vingroup reported VND 130.476 trillion in revenue for the first half of 2025, doubling year-over-year. After expenses, pre-tax profit reached VND 11.159 trillion, a 69% increase compared to the same period last year.

In the Technology & Industry sector, VinFast delivered 72,167 electric vehicles globally, a 3.2-fold increase from the first half of 2024. Domestically, VinFast maintained its market leadership with 67,569 vehicles delivered in the first six months of the year.

In the electric motorcycle segment, VinFast set a new record with 114,484 units delivered, a 5.5-fold increase year-over-year.

Within the Commerce & Services division, Vingroup’s real estate sales reached VND 70.5 trillion in the first half of 2025, nearly tripling compared to the same period last year. Vinhomes led the real estate market recovery, with sales totaling VND 67.5 trillion and an additional VND 138.2 trillion in unrecorded sales as of Q2 2025.

In the Hospitality sector, Vinpearl recorded strong performance amid the industry’s robust recovery. Total operating revenue reached VND 7.9 trillion, including VND 5.1 trillion from hotel services (across owned and managed properties), a 26% year-over-year increase, and VND 2.4 trillion from VinWonders, a 32% increase.

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