Vingroup and Billionaire Pham Nhat Vuong Achieve Unprecedented “Double Victory” in Vietnam’s Business History

Vingroup has been honored as one of the World’s Best Companies by TIME Magazine. It is the first and only Vietnamese enterprise to be featured in this prestigious global ranking to date.

The World’s Best Companies list is compiled by TIME Magazine in collaboration with the leading global data company, Statista. The ranking is based on criteria such as revenue growth, employee satisfaction, and a comprehensive analysis of ESG factors (Environmental, Social, and Governance).

Vingroup excelled in all three criteria, achieving a total score of 77.06 and ranking 817th among the top 1,000 best companies globally. In the “Revenue Growth” category, Vingroup was rated “Very High,” with total assets exceeding 958.235 trillion VND as of June 30, 2025. In the first half of 2025, the group’s consolidated net revenue and after-tax profit reached nearly 130.476 trillion VND and 4.540 trillion VND, respectively. Revenue in the first six months increased by 103% compared to the same period last year.

In the “Employee Satisfaction” category, Vingroup ranked 894th globally. The group has created a highly dynamic work environment that fosters dedication, creativity, and personal development. In Vietnam, billionaire Pham Nhat Vuong’s conglomerate consistently tops the annual “Best Places to Work in Vietnam” list by independent evaluation organizations.

In the “Sustainable Development” category, Vingroup outperformed many global brands with its significant contributions to societal development, both in Vietnam and internationally. The group has become a model enterprise, actively contributing to sustainable economic and social development, particularly in the global green mobility revolution.

Mrs. Le Thi Thu Thuy, Vice Chairwoman of Vingroup and Chairwoman of VinFast, shared: “Being recognized as one of TIME’s ‘World’s Best Companies 2025’ not only acknowledges our relentless efforts but also affirms Vingroup’s reputation, transparency, and global standing. This will motivate us to continue pursuing sustainable growth, creating a civilized work environment, and positively contributing to community and societal development for a better future for all.”

Previously, VinFast was honored by TIME in two consecutive years: among the Top 100 Most Influential Companies in 2024 and the 500 Best Companies in the Asia-Pacific in 2025. Notably, in the 2025 Asia-Pacific’s Best Companies ranking, the automaker was categorized as a company “shaping the region’s position on the global economic map.”

Additionally, six brands within the Vingroup ecosystem—Vinhomes, VinFast, Vinpearl, Vincom Retail, Vinschool, and Vinmec—were recently honored in the Top 100 Most Valuable Brands in Vietnam by the global brand valuation firm Brand Finance.

Billionaire Pham Nhat Vuong’s Net Worth Surpasses Samsung Chairman

According to live data from Forbes, as of 10 a.m. on September 18, billionaire Pham Nhat Vuong’s total net worth reached a new record high of $14.5 billion, increasing by over $400 million in just 24 hours. With this wealth, he now ranks 182nd among the world’s richest individuals. Notably, he is the first Vietnamese to enter the top 200 wealthiest people globally.

This massive wealth also places Vietnam’s richest billionaire ahead of Samsung Chairman Lee Jae-yong, whose net worth is approximately $12.9 billion, ranking 224th globally.

The surge in Chairman Pham Nhat Vuong’s wealth is attributed to the strong performance of VIC shares.

Specifically, during the trading session on September 17, while most large-cap stocks were in the red, Vingroup’s VIC shares stood out, supporting the market. VIC alone contributed over 7 points to the VN-Index, significantly narrowing the benchmark index’s decline.

Remarkably, with a 6% increase, VIC’s market price reached a new record high of 143,100 VND per share. This marks the third peak in just two weeks, bringing VIC’s total year-to-date gain to 255%.

Thanks to VIC’s impressive rally, Vingroup’s market capitalization has increased by approximately 400 trillion VND since the beginning of the year, reaching 555.3 trillion VND, equivalent to $21.3 billion. This achievement officially makes Vingroup the largest listed company by market capitalization on the Vietnamese stock market, surpassing Vietcombank.

Furthermore, VIC’s impressive performance comes as Vingroup expands its business into new sectors. The group has also taken a firm stance against misinformation spreading on social media.

Recently, billionaire Pham Nhat Vuong’s conglomerate announced legal action against 68 domestic and international organizations and individuals, accusing them of spreading false and distorted information that severely damages the company’s reputation and risks misleading public opinion.

Within 24 hours of the announcement, over 50 social media channels and pages removed or hid the false content. Some individuals publicly apologized and corrected the information on their platforms or sent direct letters of apology to Vingroup and authorities, pledging to cease their violations.