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Vingroup Joint Stock Company (Stock Code: VIC) has recently submitted a document to the Hanoi Stock Exchange (HNX) announcing the results of its bond issuance.
Accordingly, Vingroup successfully issued 35,000 bonds, each with a face value of VND 100 million, totaling VND 3,500 billion in face value.
The bonds have a 24-month term and were issued domestically in Vietnamese Dong. The issuance and completion of the offering took place on September 30, 2025, with an expected maturity date of September 30, 2027.
Details regarding bondholders, issuance purposes, and collateral assets were not disclosed. However, HNX reported that these bonds offer an impressive interest rate of 11% per annum.
Previously, Vingroup submitted a document to the State Securities Commission (SSC), Ho Chi Minh City Stock Exchange (HoSE), and HNX, announcing the Board of Directors’ approval to issue VND 3,500 billion in non-convertible, unsecured bonds backed by assets.
The maximum bond term is 24 months from the issuance date. The offering is targeted at professional securities investors as defined by law.
The issuance date is as specified in the Information Disclosure Document prior to the bond offering and is confirmed in the issuer’s announcement or the Information Disclosure Document on the offering results.
The proceeds from the bond offering will be used to restructure the issuer’s debt. The collateral includes assets owned by the issuer and/or third parties.
Additionally, Vingroup plans to issue another VND 2,500 billion in bonds, each with a face value of VND 100 million and a maximum term of 24 months from the issuance date.
The proceeds from this offering will also be used to restructure the issuer’s debt.
In other news, Vingroup has announced the establishment of a new subsidiary. The Board of Directors approved the group’s participation in the formation of a subsidiary named VinDynamics Robotics Research, Development, and Application Joint Stock Company (VinDynamics).
VinDynamics is expected to have a charter capital of VND 500 billion, with Vingroup holding a 51% stake. The company’s headquarters will be located at Symphony Office Building, Chu Huy Man Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Hanoi.
VinDynamics will primarily focus on research, development, production, and technology transfer in the field of humanoid robotics.
Previously, Vingroup established two other robotics subsidiaries: VinRobotics and VinMotion.
VinRobotics has a charter capital of VND 1,000 billion, with Vingroup holding 51% of the shares. Mr. Pham Nhat Vuong owns 39%, and his two children, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each hold 5%. Ms. Nguyen Mai Hoa serves as the Chairwoman of the Board of Directors and the legal representative of VinRobotics. Ms. Mai Hoa also represents numerous other companies within the Vingroup ecosystem.
VinMotion was established in January 2025 with a charter capital of VND 1,000 billion, and the shareholding structure is identical to that of VinRobotics.
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