According to the agreement, Hung Long Real Estate will transfer the ownership of 243.46 million VIC shares to VinSpeed, as VinSpeed is set to merge Hung Long Real Estate.
Following the transaction, VinSpeed will hold 379.1 million shares of Vingroup, representing a 9.77% ownership stake.
Hung Long Real Estate, formerly known as VMI Real Estate Management and Investment Joint Stock Company, was established in October 2022, exactly three years ago.
VinSpeed, established in May 2025, is headquartered at Symphony Building, Chu Huy Man Street, Vinhomes Riverside Urban Area, Hanoi. The company specializes in railway construction.
At its inception, VinSpeed had a chartered capital of 6 trillion VND, with Mr. Pham Nhat Vuong contributing 3.06 trillion VND, holding a 51% stake. To date, the company has increased its capital to 15 trillion VND.
In May, VinSpeed registered to invest in the North-South High-Speed Railway project. The project’s investment capital exceeds 1.5 quadrillion VND (approximately $61.35 billion), excluding compensation and resettlement costs for land clearance.
VinSpeed has proposed to arrange 20% of the total project investment, equivalent to 312.33 trillion VND (approximately $12.27 billion).
For the remaining 80% (excluding compensation and resettlement costs), VinSpeed has requested a 35-year interest-free loan from the government, starting from the disbursement date.
Latest Updates on the North-South High-Speed Railway in Vietnam
The Ministry of Construction has collaborated with the Ministry of Science and Technology to develop and finalize drafts of 37 Vietnamese standards, aligning them with international ISO standards. These standards are general in nature and do not directly pertain to the core technologies of high-speed rail systems.
Marvel at Vingroup’s $18 Billion Mega Project in Northern Vietnam, the Largest in History
This groundbreaking project has surpassed the iconic Can Gio coastal metropolis, cementing its position as the most ambitious undertaking in Vingroup’s history.
Issuance of 37 Vietnamese National Standards (TCVN) for High-Speed Rail by October 30th
On the morning of October 21st, Deputy Prime Minister Tran Hong Ha chaired a meeting to review reports on the issuance of standards, criteria, and related content for the high-speed railway project along the North-South axis.
Upcoming Completion of High-Speed Rail Standards for the North-South Line
The Ministry of Construction, in collaboration with the Ministry of Science and Technology, is developing and finalizing drafts for 37 Vietnamese standards, ensuring alignment with international ISO standards.
“Stock Portfolio Down by Billions? Don’t Fret—Some Have Lost Tens of Thousands of Billions More.”
A wave of sell-offs has sent numerous stocks plummeting to their floor prices, including those held by dollar billionaires. This dramatic decline has resulted in staggering losses, with their fortunes shrinking by thousands, and in some cases, tens of thousands of billions of Vietnamese dong.
