Vietnam’s stock market continued its upward trajectory on September 25th, with the spotlight firmly on the “Vin” group of stocks. Vingroup (VIC) saw a robust 6% surge, closing at a record high of VND 158,000 per share. Trading volume exceeded 2.8 million units, underscoring strong investor interest.
This impressive rally propelled Vingroup’s market capitalization beyond VND 610 trillion, solidifying its position as the most valuable company on Vietnam’s stock exchange. The gap with Vietcombank, the second-largest by market cap, widened to nearly VND 100 trillion (Vietcombank’s market cap stands at VND 526.407 trillion).
The momentum wasn’t limited to VIC; other stocks within the Vingroup ecosystem also rallied. Vinhomes (VHM) gained 1.53%, while Vincom Retail (VRE) rose by 1.38%. This collective surge created a positive ripple effect across the broader market.
The positive performance of Vingroup and its affiliated companies significantly boosted the wealth of Chairman Pham Nhat Vuong. According to the latest Forbes data, his net worth has soared to $15.4 billion, a substantial increase from the beginning of the year, placing him 168th on the global billionaire list.
Billionaire Pham Nhat Vuong and his wife, Pham Thu Huong. Photo: Nhan Dan Newspaper.
Meanwhile, Pham Thu Huong, Vuong’s wife, also saw a significant increase in her wealth. Holding over 170 million VIC shares, her net worth has reached nearly VND 27 trillion, officially crossing the “billion USD” threshold based on listed stock values in Vietnam.
Over the past nine months, her wealth has grown by more than VND 20 trillion, catapulting her to the 5th position among Vietnam’s wealthiest individuals on the stock market. However, she has yet to make it onto Forbes’ global USD billionaire list.
While the “flagship” VIC surged, the real estate sector experienced significant divergence. LDG fell by nearly 2%, CEO dropped over 1%, and NVL, DXG, DIG, KDH, PDR, KBC, and HDG all closed below reference levels.
Banking stocks also traded mixed. PGB rose by more than 3%, while BVB, LPB, HDB, and EIB gained around 1%. Conversely, MSB, ACB, TPB, KLB, VIB, and VPB declined by 1–2%. Major players like STB, SSB, CTG, BID, and MBB also saw slight decreases.
The market lacked consensus among leading sectors, with the rally heavily reliant on VIC. At the close, the VN-Index gained 8.63 points (0.52%) to 1,666.09. The HNX-Index rose 0.37 points (0.13%) to 277.65, and the UPCoM-Index increased by 0.84 points (0.77%) to 110.49. Trading value on HoSE exceeded VND 27.8 trillion, a slight uptick from the previous session.
Confident Stock Upgrades: Billion-Dollar Foreign Funds Highlight Top Picks for the Next Wave
Pyn Elite Fund anticipates that FTSE Russell will upgrade Vietnam’s market status to Emerging Market (EM) as early as October or by March 2026 at the latest.
Vingroup Sets Unprecedented Record in Vietnam’s History: Billionaire Pham Nhat Vuong and Wife Receive Double Joy in a Single Day
This marks the first time in Vietnamese history that a business has achieved such a feat.
Stock Market Week 22-26/09/2025: Foreign Investor Hurdles
The VN-Index paused its recovery in the final session of the week as buying momentum failed to sustain the upward trend. Liquidity remained subdued, while persistent net selling pressure from foreign investors continued to pose a significant challenge to market resilience.
SSI Launches Share Offering to Raise Capital to Nearly VND 25,000 Billion, Margin Demand Surges 30-40% Yet Remains Manageable
On the afternoon of September 25th, SSI Securities Corporation (HOSE: SSI) held an extraordinary shareholders’ meeting in 2025, approving a plan to issue additional shares to existing shareholders. The proceeds from this offering will be allocated to enhance margin lending capital and invest in bonds, deposit certificates, and other securities as determined by the Board of Directors.
Vingroup Surpasses Vietcombank, Setting Unprecedented Record Under Billionaire Pham Nhat Vuong’s Leadership
Since the beginning of the year, Vingroup’s stock has surged by nearly 290%, adding approximately VND 450 trillion to its market capitalization.
