Vingroup’s Triumph: Billionaire Pham Nhat Vuong’s Two-Month Milestone of Two Trillion-Dollar Achievements Sets Stage for Third Monumental Goal

The Vietnamese stock market witnessed a historic moment on the final trading day of November 2025, as a company achieved a market capitalization of 1 million trillion VND for the first time.

With a 5% surge to over 260,000 VND per share, Vingroup’s market cap exceeded 1 million trillion VND. Following a 10-session rally, Vingroup’s market value surpassed the combined total of Vietcombank, BIDV, and VietinBank—Vietnam’s three largest state-owned banks.

Just one month prior, Vingroup released its Q3 financial report, revealing total assets of 1.08 million trillion VND on its balance sheet. This milestone solidified Vingroup as the first Vietnamese enterprise to achieve a dual status in both financial scale and market valuation.

Excluding banks, only PVN boasts assets exceeding 1 trillion VND.

This meteoric rise significantly boosted the net worth of Vingroup’s Chairman, Pham Nhat Vuong. As of November 28, 2025, Forbes reported his wealth soared to USD 23.6 billion, a USD 1.2 billion increase in a single trading session. This propelled him into the Top 97 richest individuals globally, setting a new record for Vietnamese entrepreneurs.

Having achieved these trillion-dollar milestones, billionaire Pham Nhat Vuong and Vingroup are now channeling their efforts toward another ambitious goal: the high-speed rail project.

Vingroup is strategically developing a third business pillar focused on infrastructure and heavy industry, complementing its established pillars in commerce and technology.

This vision is exemplified by VinSpeed, which is spearheading a USD 61 billion North-South high-speed rail proposal. To support this venture, VinSpeed has increased its capital to 33 trillion VND and received substantial equity transfers from Chairman Vuong, ensuring robust financial capacity.

To strengthen its infrastructure focus, Vingroup is addressing material self-sufficiency through VinMetal. A notable move includes providing Pomina Steel with a 0% interest working capital loan for up to two years. This not only aids Pomina’s supply chain recovery but also positions it as a key supplier within Vingroup’s ecosystem.

This strategic partnership underscores VinMetal’s calculated approach, leveraging Pomina’s existing 14% market share in construction steel. By integrating Pomina’s production capabilities, VinMetal aims to expedite its supply chain for steel, crucial for upcoming construction, electric vehicle, and rail infrastructure projects. Notably, VinMetal’s CEO, Pham Nhat Quan Anh (Pham Nhat Vuong’s son), highlights the division’s strategic importance.

Vingroup’s strategy is further evident in its targeted investments in Ha Tinh and Hai Phong. In Ha Tinh, the group is establishing a closed-loop heavy industry and energy hub, anchored by a 5 million ton/year VinMetal steel plant, alongside VinFast’s automotive complex and VinEnergo’s wind projects.

In Hai Phong, Vingroup is enhancing its logistics and export manufacturing capabilities. Beyond its largest regional automotive complex, the group is advancing a USD 14 billion port and logistics center in Nam Do Son. This synergy between central steel production and northern logistics is poised to accelerate Vingroup’s North-South high-speed rail ambitions, completing its trillion-dollar ecosystem.