On September 17th, Vingroup’s shares (ticker: VIC) surged 6% to VND 143,100 per share, propelling the company’s market capitalization to over VND 555 trillion. This milestone vaulted Vingroup past Vietcombank to become Vietnam’s most valuable publicly traded company for the first time since 2021.
This rally boosted the net worth of Vingroup Chairman Pham Nhat Vuong by USD 424 million (3.08%), elevating his total wealth to USD 14.2 billion, according to Forbes. This ranks him 188th among global billionaires, solidifying his position as Vietnam’s wealthiest individual.
Meanwhile, other Vietnamese billionaires experienced declines. Nguyen Thi Phuong Thao (Vietjet Air) saw her wealth drop by USD 67 million to USD 3.6 billion. Tran Dinh Long (Hoa Phat) now holds USD 2.9 billion, down USD 117 million. Ho Hung Anh (Techcombank, Masan Consumer) saw his net worth fall by USD 65 million to USD 2.6 billion.
Since the beginning of 2025, VIC shares have skyrocketed 3.5 times, adding approximately VND 400 trillion to the company’s market cap—the largest increase among VN30 constituents.
VIC share price performance year-to-date.
In terms of financial performance, Vingroup reported revenues of VND 130.476 trillion in the first half of 2025, doubling the same period in 2024. Pre-tax profit reached VND 11.159 trillion, up 69%. In the industrial-technology sector, VinFast delivered 72,167 electric vehicles globally, 3.2 times higher than the previous year; domestic deliveries totaled 67,569 units. Electric motorcycle sales also set a new record with over 114,000 units, a 5.5-fold increase year-on-year.
In the commercial services segment, real estate revenue for the first half reached VND 70.5 trillion, nearly tripling year-on-year. Vinhomes remained a key contributor with sales of VND 67.5 trillion and unrecorded contract values exceeding VND 138 trillion.
In its analysis, Vietcap forecasts VinFast’s electric vehicle sales to reach 151,000 units in 2025 and 187,000 in 2026, driven by domestic demand and supportive EV policies. The firm also projects Vingroup’s 2025 pre-tax profit at VND 20.1 trillion, with the second half bolstered by real estate and hospitality sales.
Pham Nhat Vuong Climbs the Ranks Among the World’s Wealthiest Individuals
According to Forbes, as of the afternoon of September 18th, Vingroup Chairman Pham Nhat Vuong’s net worth surged by nearly $800 million, elevating his total net worth to $14.3 billion. This impressive growth places him at the 186th position on the global billionaire list.
Vingroup and Billionaire Pham Nhat Vuong Achieve Unprecedented “Double Victory” in Vietnam’s Business History
Both Vingroup and billionaire Pham Nhat Vuong have just received unprecedentedly joyous news.
Vingroup Regains Top Spot on Stock Market, Surpassing Vietcombank
Since the beginning of 2025, VIC shares have surged 3.5 times, propelling Vingroup’s market capitalization by approximately 400 trillion VND.
V-Green Joins Forces with The Gioi Di Dong to Transform 2,000 Stores into Electric Vehicle Charging and Battery Swap Stations
V-Green and The Gioi Di Dong are revolutionizing electric vehicle convenience by deploying over 1,000 EV charging stations and 1,000 battery swap points across their nationwide network of The Gioi Di Dong and Dien May Xanh stores by the end of 2026.
Vingroup’s Hai Phong LNG Power Project Breaks Ground in Just Over a Week
The Hai Phong LNG Thermal Power Plant project, a joint venture between Vingroup and VinEnergo, boasts a total investment of over 40 trillion VND. This ambitious project comprises six power generation units, each with a capacity of 800 MW, setting a new benchmark in energy infrastructure.
