A dramatic late-session shift on December 25th left many investors unsettled. The market’s earlier gains abruptly turned to losses, with Vingroup stocks facing intense selling pressure, even hitting the lower limit.
Vinhomes (VHM) shares, initially strong, plummeted to the floor price within minutes during the ATC session. Investors who bought in the morning faced temporary losses of up to 13%.
Vingroup (VIC) shares also dropped sharply by 6.9% to 158,000 VND per share, with over 1.6 million units left in the sell queue at the floor price.
Meanwhile, Vinpearl (VPL) closed nearly 3% lower at 99,000 VND per share.
The decline in VIC and VHM dragged the VN-Index down by nearly 40 points, closing at 1,742.85, despite its earlier positive momentum.
Vingroup’s market capitalization plummeted by nearly 91 trillion VND in today’s session, though it remains Vietnam’s largest company at over 1.2 quadrillion VND. Vinhomes lost 35 trillion VND, falling to 469.5 trillion VND.
Phạm Nhật Vượng’s net worth also took a hit, dropping by 1.9 billion USD to 28 billion USD, according to Forbes. This places him 80th on the global rich list, below Jack Ma, who holds 29.5 billion USD. Jack Ma, founder of Alibaba Group, is one of China’s wealthiest individuals.
Previously, on December 23rd, Vượng’s wealth surged, ranking him 71st globally, surpassing Jack Ma at 72nd.
Data as of December 25, 2025
Vingroup’s sharp decline followed its decision to withdraw from the North-South High-Speed Railway project, submitted to the government in May 2025. This strategic move allows the conglomerate to focus on critical infrastructure projects recently assigned to it.
Vingroup noted that the railway project has attracted interest from capable firms like THACO, Vietnam Railways, and Vietnam 3000, ensuring its continued development.
By withdrawing, Vingroup aims to responsibly prioritize its existing commitments, contributing to modern, sustainable infrastructure that enhances Vietnam’s competitiveness and quality of life.
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