Billionaire Pham Nhat Vuong and his wife at the VinFuture Awards 2024, held on December 6, 2024. Photo: NK
With a remarkable surge during the September 25th trading session, Vingroup’s VIC shares soared by 6%, reaching a new peak of VND 158,000 per share. This propelled the conglomerate’s market capitalization to an unprecedented VND 613 trillion.
This marks the first time in Vietnam’s stock market history that a company has achieved such a valuation. VIC’s performance also contributed to a nearly 9-point rise in the VN-Index on September 25. Other Vingroup-affiliated stocks, such as VRE (Vincom Retail) and VHM (Vinhomes), also climbed by 1.3% and 1.5%, respectively.
Vingroup-affiliated stocks rallied during the September 25 session. Screenshot
Pham Nhat Vuong’s Wealth Reaches New Heights
According to Forbes’ real-time data on September 25, the surge in VIC shares added approximately USD 700 million to billionaire Pham Nhat Vuong’s net worth. His total assets surpassed USD 15.3 billion, setting a new personal record.
Mr. Vuong currently holds the title of Vietnam’s wealthiest individual and ranks 168th globally. He is also the first Vietnamese to achieve these remarkable financial milestones.
Analysts attribute the strong investor interest in VIC to Vingroup’s recent positive developments. Notably, Vingroup is set to commence construction of the Hai Phong LNG Power Plant on September 26. The Hai Phong Economic Zone Management Board previously issued an investment certificate for the project, which boasts a total design capacity of 4,800 MW. This venture, a joint investment by Vingroup and VinEnergo JSC, has an estimated total investment of over VND 178 trillion.
Billionaire Pham Nhat Vuong’s wealth has been on an upward trajectory recently. Screenshot
As per the investment certificate, the project will be implemented at Tan Trao Industrial Park (Kien Hung Commune, Hai Phong City) across an area of over 98.5 hectares. It will be executed in two phases. In Phase 1 (2025–2030), investors will construct two units with a capacity of 1,600 MW, expected to commence power generation in Q2 and Q4 of 2029. Phase 2 (2031–2035) will involve the construction of the remaining four units, totaling 3,200 MW, with power generation slated for 2031.
Additionally, Vingroup’s subsidiary, the Vietnam Exhibition and Fair Center (VEF), has proposed an interim cash dividend of VND 33,000 per share. This move is expected to yield nearly VND 4.6 trillion for the conglomerate.
In the first half of the year, Vingroup recorded revenues of VND 130.475 trillion, double the previous year’s figure. The conglomerate’s after-tax profit reached VND 4.539 trillion, driven by its residential real estate, industrial, tourism, hospitality, and entertainment sectors.
The impressive rally in VIC shares coincides with Vingroup’s expansion into new business areas and its firm stance against misinformation circulating on social media.
Earlier, Vingroup announced legal action against 68 domestic and international entities and individuals, accusing them of disseminating false and distorted information that severely damaged the company’s reputation and risked misleading public opinion.
Vingroup representatives emphasized that the lawsuits aim not only to protect the conglomerate’s legal rights but also to safeguard a transparent and healthy business environment, ultimately fostering greater legal compliance within society.
Within 24 hours of the announcement, over 50 social media channels and pages voluntarily removed or concealed the misleading content. Several individuals issued public apologies and corrections on their platforms or sent direct letters of apology to Vingroup and relevant authorities, pledging to cease their violations.
Pham Nhat Vuong’s Wife Joins the Ranks of USD Billionaires
Pham Thu Huong, Vice Chairwoman of Vingroup, has become Vietnam’s newest USD billionaire. Photo: VIC
Riding the wave of VIC’s strong performance, the on-exchange assets of major shareholders surged. Notably, Pham Thu Huong, wife of Vingroup Chairman Pham Nhat Vuong, holds over 170.6 million VIC shares, valued at approximately VND 26.955 trillion. Following the September 25 session,
Pham Thu Huong surpassed the USD 1 billion threshold, becoming the fifth wealthiest individual on Vietnam’s stock market.
Pham Thu Huong has served as Vice Chairwoman of Vingroup since 2021. In 2020, she and her husband established the VinFuture Foundation, which sponsors the eponymous global science and technology award.
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.
Mrs. Phạm Nhật Vượng Joins the Ranks of USD Billionaires
The stock portfolio of Pham Thu Huong, wife of billionaire Pham Nhat Vuong, has surged by over 20 trillion VND since the beginning of the year, reaching nearly 27 trillion VND.
Tomorrow, Billionaire Pham Nhat Vuong’s Vingroup Launches 4,000 Billion VND Project in Hai Phong City
On September 26th, the groundbreaking ceremony for the Tan Trao Industrial Zone (Phase 1) and the Hai Phong LNG Thermal Power Plant will officially commence.
Massive $450 Million Dividend Windfall for Vingroup
In July 2025, VEFAC successfully completed dividend payments at a remarkable total rate of 435%. The company is now actively seeking shareholder input regarding the second interim dividend advance, proposed at a rate of 330%.
Haiphong Gears Up for Vingroup’s Trillion-Dong LNG Power Plant Launch
The groundbreaking ceremony for the Hai Phong LNG Power Plant is scheduled for September 26th in Da Ngu Village, near the Duong Ao ferry terminal. This event comes as the city prepares to brace itself against Typhoon Ragasa, the ninth storm of the season.
