Vingroup Joint Stock Company (VIC) has recently submitted an unusual disclosure to the Ho Chi Minh City Stock Exchange regarding Chairman Pham Nhat Vuong’s capital contribution plan for VinSpeed Railway Development and Investment Joint Stock Company (VinSpeed).
Accordingly, Mr. Pham Nhat Vuong is expected to transfer over 44 million VIC shares to VinSpeed as additional capital. The value of these shares, based on the current market price, is approximately VND 10,800 billion. The transaction will take place from December 2 to December 30.
Following the transaction, VinSpeed’s ownership in Vingroup will increase to 423.1 million shares, equivalent to 19.9% of the charter capital. Conversely, Mr. Vuong’s direct ownership in Vingroup will decrease to 8.9%. However, Mr. Vuong, his family, and related entities collectively hold over 65% of Vingroup’s shares.
VinSpeed, established by Mr. Vuong, focuses on developing high-speed rail infrastructure (Illustration: Gemini)
VinSpeed, founded by Mr. Pham Nhat Vuong in May 2025, specializes in railway infrastructure construction and the manufacturing of locomotives and carriages. Since its inception, the company has received a total of 379 million VIC shares through capital contributions from Mr. Vuong. In November 2025 alone, VinSpeed increased its capital twice, from VND 15,000 billion to VND 33,000 billion.
Currently, VinSpeed is advancing several major projects. The company has published environmental impact assessments (EIAs) for two high-speed rail lines: Hanoi – Ha Long and Ben Thanh – Can Gio, with a total investment of over VND 225,500 billion.
Additionally, VinSpeed has proposed investing in the North-South high-speed railway, with an estimated total investment of over USD 61.3 billion. According to the proposal, VinSpeed will secure 20% of the capital (approximately USD 12.27 billion) independently, while the remaining amount will be sought as a state loan with a 0% interest rate over 30 years.
In the stock market, VIC shares are attracting significant investor attention, trading at around VND 245,000 per share, nearly six times higher than at the beginning of 2025.
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