Billionaire Pham Nhat Vuong. Photo: VIC
In a shareholder consultation document dated November 5th, Vingroup announced plans to issue 3.85 billion bonus shares to existing shareholders in a 1:1 ratio. This means each shareholder holding one share will receive an additional share.
Notably, Vingroup aims to execute this transaction in Q4 2025. The company stated that this bonus share issuance will enhance liquidity for its stock (VIC) by lowering the share price post-split.
If successful, this will be the largest bonus share issuance in Vietnamese stock market history. Vingroup’s chartered capital will double to 773.35 trillion VND. This positions Vingroup as Vietnam’s largest non-financial enterprise by chartered capital, surpassing Hoa Phat, Masan, and others.
Previously, billionaire Pham Nhat Vuong’s conglomerate last raised capital in 2020, following dividend payments to shareholders.
Year-to-date, Vingroup’s VIC shares have surged 416%, reaching an all-time high. As of November 6th, VIC traded at 210,000 VND per share. Vingroup’s market capitalization stands at 807.592 trillion VND, making it Vietnam’s most valuable listed company.
In Q3 2025, Vingroup reported revenue of 39.143 trillion VND, down 38% year-on-year. However, net profit after tax rose 50% to 3.025 trillion VND. The company also generated over 30 trillion VND from subsidiary divestments in the previous quarter.
As of September 30th, Vingroup’s total assets reached 1.08 quadrillion VND, up 30% since year-start.
Vingroup Seeks Shareholder Approval for New Business Lines
Inside VinFast’s electric vehicle factory in Ha Tinh. Photo: VIC
In the same shareholder consultation document, Vingroup seeks approval to expand into new sectors including steel production, metallurgy, mechanical engineering, and elderly/disability care services.
Earlier in October 2025, Vingroup established VinMetal Production and Trading JSC. This subsidiary aims to supply Vingroup’s ecosystem while advancing Vietnam’s heavy industry.
VinMetal’s $10 billion investment targets a 5 million ton/year high-tech steel complex in Vung Ang, Ha Tinh (Phase 1). The company will produce construction steel, hot-rolled steel, high-strength alloys, and specialty steel for electric vehicles and high-speed infrastructure.
Additionally, Vingroup plans to raise $325 million via international bonds at 5.5% annual interest. These USD-denominated bonds will be unsecured, non-convertible, and without warrants.
Vietnamese Billionaire Pham Nhat Vuong Ventures into Iron and Steel Production
Vingroup is expanding its business portfolio with the addition of several key industries, including: (1) Iron, Steel, and Cast Iron Production – specializing in the manufacturing of iron and steel; (2) Iron and Steel Casting; (3) Metal Forging, Stamping, Pressing, and Rolling – along with metal powder metallurgy; and (4) Mechanical Engineering – encompassing metal processing and coating services.
Latest Developments in Vingroup’s Projects in Billionaire Pham Nhat Vuong’s Hometown
The Hà Tĩnh Provincial People’s Committee leadership has mandated that local departments prioritize land clearance efforts, ensuring timely handover of cleared sites as per the committed schedule to investors.
Vingroup’s $10 Billion Mega Project Joins the Global Race for ‘7 Wonders Cities of the Future’
On the morning of November 3rd, Vingroup announced the submission of its application for the ‘7 Wonders Cities of the Future’ competition.
Vingroup’s Vision for Vietnam’s Most Advanced Coastal Highway: A Regional Leader Celebrates Major Milestone
The Ho Chi Minh City People’s Committee has released the latest update regarding this project.
Vingroup’s African Venture: Strategic Move or Risky Gamble?
Vingroup’s expansion into Africa, specificallyVingroup’s expansion into Africa, specifically the Democratic Republic of the Congo, has captured significant attention.
