On October 17, Vingroup (stock code: VIC) announced a board resolution regarding the issuance and sale of international bonds on a foreign stock exchange, along with their listing.
The conglomerate, owned by billionaire Pham Nhat Vuong, plans to issue a maximum of 1,625 bonds with a face value of $200,000 each. The total expected issuance value is $325 million. The bonds will have a 5-year term from the issuance date, with an anticipated interest rate of 5.5% per annum.
The bonds will be denominated in US dollars (USD), non-convertible, without warrants, unsecured, and will represent the direct debt obligations of the issuer. The issuance is scheduled for Q4/2025, pending approval from state authorities.
The bonds will be issued and listed on the Vienna Stock Exchange (Vienna MTF) in Austria. They will not be offered or listed in Vietnam.
On the same day, Vingroup announced its participation in the establishment of Vin New Horizon JSC. The company has a chartered capital of 1 trillion VND, with Vingroup holding a 65% stake. Vin New Horizon specializes in investing and managing senior healthcare centers.
Previously, Vingroup outlined Vin New Horizon’s six pillars: Health – Enjoyment – Happiness – Connection – Longevity – Serenity. These pillars are integrated into each urban area, ranging from 20-50 hectares, catering to essential needs such as housing, leisure, healthcare, education, and entertainment. They also inspire seniors to cherish every valuable moment in their lives.
On the stock market, VIC shares are currently trading at 204,000 VND per share, a fivefold increase since the beginning of the year. The market capitalization stands at over 778 trillion VND (~$29 billion), solidifying Vingroup’s position as the leading company on the Vietnamese stock exchange.
In other developments, Vingroup recently announced it will seek shareholder approval via written consent for a share issuance to increase capital from equity and other matters within its authority. The record date is October 30, 2025, with the approval process expected to take place in November 2025.
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Vietnam Set to Launch First Retirement Urban Model in $10 Billion Mega Project
This marks the first time Vietnam will introduce this urban model.
Vingroup Aims to Build Vietnam’s Most Advanced Sea-Crossing Highway, Top in Southeast Asia: Transforming Ho Chi Minh City into the “Dragon” of the Region?
The trans-sea route is poised to become a new symbol of prosperity and development for Ho Chi Minh City.
Vingroup Plans to Issue $325 Million in International Bonds
Vingroup’s upcoming international bond issuance offers a 5-year maturity with an attractive annual interest rate of 5.5%.
