Pham Nhat Vuong, Chairman of Vingroup’s Board of Directors (HoSE: VIC), has completed the transfer of over 60 million VIC shares to VinEnergo Joint Stock Company, contributing additional equity capital. Prior to the transaction, Mr. Vuong held nearly 450 million VIC shares, equivalent to 11.59% of the group’s charter capital. Post-transfer, his direct ownership decreases to just over 10%, or approximately 390 million shares.
The transaction was executed on October 9, 2025, through the Vietnam Securities Depository and Clearing Corporation (VSDC). Based on VIC’s closing price of VND 179,800 per share on October 9, the deal’s value is estimated at nearly VND 10.8 trillion.
In total, Mr. Vuong has utilized nearly 600 million VIC shares to establish four companies: Hung Long (formerly VMI), GSM, VinEnergo, and VinSpeed.
VinEnergo, a company founded by Mr. Vuong, operates in the energy sector. It is considered a strategic expansion direction for Vingroup’s ecosystem, focusing on sustainable development, green energy, and digital transformation.
In other news, Vingroup has announced plans to seek shareholder approval via written consent for a capital increase through the issuance of shares from equity, along with other matters within the authority of the shareholders’ meeting (if applicable). The final registration date for shareholders is October 30, 2025, with the consultation process expected to take place in November 2025.
This move comes as VIC shares continue their remarkable rally, reaching a historic high of VND 192,000 per share on October 10. At this price, Vingroup’s market capitalization has surged to nearly VND 740 trillion (approximately USD 28.5 billion), solidifying its position as Vietnam’s most valuable publicly traded company, far outpacing its competitors in scale.
According to Forbes, as of October 10, billionaire Pham Nhat Vuong’s net worth stands at USD 18.1 billion, an increase of USD 1.1 billion from the previous day. He now ranks 131st on the list of the world’s wealthiest individuals, marking the first time a Vietnamese national has achieved this level of wealth.
Vietnamese Billionaire Pham Nhat Vuong’s Wealth Surges by $1 Billion to $18.1 Billion, Ranking Among Top 3 Global Gainers on October 10th
According to Forbes’ latest update on October 10th, billionaire Pham Nhat Vuong’s net worth has surged to $18.1 billion, marking a $1.1 billion increase from the previous day. This impressive growth places him at the 131st position among the world’s wealthiest individuals.
Vietnamese Billionaire Pham Nhat Vuong Makes Unprecedented Move in Vietnam’s Stock Market History
The stock codes VIC and VHM both surged to their upper limit of 7%, setting new record highs. Notably, this marks the second consecutive session of Vinhomes hitting the ceiling price.
Stock Market Hits New Highs Following Market Upgrade Boost
Today (October 9th), the stock market celebrated another milestone as the VN-Index officially surpassed the 1,700-point mark, setting a new record. The upward momentum was primarily driven by a handful of large-cap stocks, with Vingroup and banking sector shares leading the charge.
Vingroup Stocks Surge in Unison as Index Hits Historic High
Amidst the broader market’s upbeat momentum, positive business updates from Vingroup-affiliated companies have fueled investor interest, driving robust trading activity and capital inflows into their stocks.
Real Estate Firm Holding Vingroup Shares Worth $1.9 Billion Sees Unexpected Development
VMI Real Estate Investment and Management Joint Stock Company was established on September 19, 2022, with a chartered capital of 18 trillion VND. The company’s ownership structure includes Phạm Nhật Vượng, holding 90% of the capital, Phạm Thu Hương with 5%, and Vinhomes with the remaining 5%.
