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Vingroup Joint Stock Company (Vingroup, Stock Code: VIC) has recently submitted a document to the Hanoi Stock Exchange (HNX) disclosing the results of its domestic private bond issuance.
Accordingly, the company issued 10,000 bonds under the code VIC12511, with a face value of VND 100 million per bond, totaling VND 1,000 billion. The bonds have a 36-month term and were issued in the domestic market.
The bond issuance was completed on November 27, 2025, with a maturity date set for November 27, 2028.
This marks the 11th bond issuance by Vingroup since the beginning of the year (as announced on HNX). Details regarding bondholders, collateral, and issuance purposes were not disclosed. However, HNX information reveals that these bonds offer an impressive interest rate of 12% per annum.
Previously, on November 21, 2025, Vingroup’s Board of Directors issued Resolution No. 42/2025/NQ-HĐQT-VINGROUP, approving activities related to the issuance of corporate bonds in a private placement, totaling VND 1,000 billion.
These non-convertible, warrant-free bonds are secured by assets. Each bond has a face value of VND 100,000,000.
The issuance date is as specified in the Information Disclosure Document prior to the bond offering and is confirmed in the issuer’s announcement or the disclosure of the offering results.
The maximum bond term is 36 months from the issuance date. Eligible participants in this offering are professional securities investors as defined by law.
Proceeds from the bond sale will be used to restructure the issuer’s debt.
In other developments, Vingroup has announced the completion of a written shareholder vote on three matters, all of which were approved.
Specifically, Vingroup approved a plan to issue shares to increase equity capital from owner’s equity and related issues; approved changes to its business lines; and approved amendments to the Vingroup Charter.
With the share issuance plan approved, Vingroup expects to execute it in Q4/2025. The group will issue 3.853 billion shares, increasing its charter capital to VND 77,335 billion.
Regarding business line expansions, Vingroup will add industries related to VinMetal, such as iron, steel, and pig iron production; iron and steel casting; metal forging, stamping, and rolling; and mechanical engineering. Additionally, it will include industries related to Vin New Horizon, such as healthcare services for veterans, the elderly, and disabled individuals unable to care for themselves, as well as nursing and convalescent home operations.
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