Billionaire Pham Nhat Vuong recently completed the transfer of ownership of over 60 million VIC shares to VinEnergo Energy JSC, further increasing its equity capital.
Prior to the transaction, Mr. Vuong held nearly 450 million VIC shares, equivalent to 11.59% of the corporation’s charter capital. After completion, his direct ownership ratio decreased to just over 10%, corresponding to approximately 390 million shares.
However, in addition to direct ownership, Mr. Vuong also indirectly holds a significant number of VIC shares through companies under his control.
Vietnam Investment Group (VIG) has long been known as Pham Nhat Vuong’s key personal investment company, holding over 1.26 billion VIC shares, equivalent to 32.5% of Vingroup’s equity.
In late 2022 and early 2023, Mr. Vuong used 294 million VIC shares from his personal holdings as capital to establish two companies, Hung Long and GSM.
Currently, GSM has developed a network of thousands of taxis and electric motorbikes across multiple provinces nationwide, and has expanded its taxi services to countries such as Laos, Indonesia, and the Philippines.
From an initial charter capital of VND 3 trillion, by December 2024, GSM’s capital had increased to VND 18 trillion. GSM currently holds 50.8 million VIC shares, equivalent to 1.3% of Vingroup’s capital.
At Hung Long, Pham Nhat Vuong contributed 90% of the charter capital, equivalent to VND 16.2 trillion in VIC shares, while Pham Thu Huong contributed VND 900 billion (5%), and VinHomes contributed the remaining 5%. After capital contribution, VMI became a major shareholder, holding 243.5 million VIC shares, equivalent to 6.3% of Vingroup’s equity.
In March and May of this year, billionaire Pham Nhat Vuong continued to contribute capital to establish VinEnergo Energy JSC and Vinspeed High-Speed Railway Investment and Development JSC.
VinEnergo primarily operates in the production of electricity and electrical equipment. VinEnergo is set to partner with Vingroup in investing in the Hai Phong LNG Thermal Power Plant project, located in Tan Trieu Industrial Park, Kien Thuy district.
On October 9th, Pham Nhat Vuong completed the transfer of over 60 million VIC shares to VinEnergo Energy JSC to increase its equity capital.
Previously, Pham Nhat Vuong had announced the use of over 35 million VIC shares to establish VinEnergo. In June, he transferred over 70.6 million VIC shares to further contribute to VinEnergo’s capital.
Currently, VinEnergo holds 165.7 million VIC shares, equivalent to 4.3% of Vingroup’s equity.
VinSpeed is the company registered to invest in the North-South high-speed railway project. The project has an investment capital of approximately VND 1.6 quadrillion (equivalent to about USD 61.35 billion), excluding compensation and resettlement costs for land clearance.
In July, Pham Nhat Vuong transferred nearly 88 million VIC shares to further contribute to VinSpeed’s capital. VinSpeed now holds a total of 135.6 million VIC shares, equivalent to 3.5% of Vingroup’s charter capital.
Previously, on June 11th, Vinspeed High-Speed Railway Investment and Development JSC announced that Vingroup Chairman Pham Nhat Vuong had completed the transfer of over 48 million VIC shares, equivalent to 1.24% of the capital, to contribute to VinSpeed.
In addition to Pham Nhat Vuong, Vietnam Investment Group holds 35% of VinSpeed’s capital, while his two sons and Vingroup are also shareholders with 0.5% of the capital.
VinSpeed currently holds 135.6 million VIC shares, equivalent to 3.5% of Vingroup’s equity.
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