Vingroup, a leading Vietnamese conglomerate, has officially announced a shareholder consultation document regarding its plan to issue additional shares to increase its charter capital from equity.
Currently holding 3.853 billion shares, Vingroup plans to issue an equal number of new shares, effectively doubling its charter capital to VND 77,335 billion, equivalent to 7.73 billion circulating shares.
This capital increase comes at a time when Vingroup’s market capitalization is at an all-time high, closing at VND 796,000 billion on November 5th, with a peak of VND 844,000 billion recorded on October 24, 2025.
Vingroup’s market cap significantly surpasses that of Vietcombank, the second-largest enterprise, valued at nearly VND 500,000 billion. The surge in VIC shares has propelled billionaire Pham Nhat Vuong to the 127th richest person globally, with a net worth of USD 19.1 billion, according to Forbes.
In 2025, Vingroup unveiled several strategic initiatives, most notably the launch of Vin New Horizon, also known as Vin “Retirement,” focusing on premium retirement and elderly care services and communities, the first of its kind in Vietnam, adhering to international standards.
Earlier, Vingroup established VinMetal, a metallurgy production and trading company, marking its entry into the heavy industry sector. This move aims to meet the internal demands of Vingroup’s ecosystem while contributing to Vietnam’s heavy industry development.
Vingroup has also commenced construction on an LNG thermal power plant in Hai Phong and is set to develop a wind power project in Ha Tinh. The group plans to start the Hanoi – Quang Ninh railway project by year-end and is proposing a sea-crossing route connecting Can Gio and Ba Ria Vung Tau.
According to the Q3/2025 financial report, Vingroup’s consolidated net revenue for the first nine months reached VND 169,611 billion, a 34% increase year-on-year. Consolidated after-tax profit for the same period was VND 7,565 billion, 1.9 times higher than in 2024, achieving 76% of the 2025 profit target.
As of September 30, 2025, Vingroup’s total assets stood at VND 1,087,870 billion, a 30% increase from December 31, 2024, marking the first time the conglomerate surpassed the VND 1,000 trillion asset milestone.
Minh Quân
Is the Largest Stock Offering in History on the Horizon?
Vingroup, one of Vietnam’s leading conglomerates, is seeking shareholder approval for a groundbreaking issuance of 3.85 billion shares—the largest in the country’s stock market history. If successful, this move will double the company’s chartered capital to over 77 trillion VND, marking a significant milestone in its growth trajectory.
Breaking: Vingroup Plans to Issue Over 3.85 Billion Shares, Poised to Surpass Hoa Phat as Vietnam’s Largest Non-Financial Firm by Chartered Capital on the Stock Market
Following the issuance, Vingroup’s chartered capital is projected to double, surpassing 77,000 billion VND—a figure second only to Vietcombank, MB, and VPBank among Vietnamese banks.
Billionaire Pham Nhat Vuong’s Conglomerate Poised for Largest-Ever Move in Vietnamese Stock Market History?
Should the endeavor prove successful, Vingroup’s chartered capital is poised to surge beyond 77,000 billion VND, effectively doubling its current valuation.
Bảo Việt Group to Disburse Over VND 780 Billion in Dividends for 2024
On November 17, 2025, Bao Viet Group will finalize its shareholder list to distribute over VND 783.2 billion in dividends for 2024, at a rate of 10.551%.
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.
