Vingroup’s VIC Shares Surge as Pham Nhat Vuong’s Wealth Accelerates
On August 4th, VIC shares of Vingroup witnessed a dramatic surge as soon as the trading session began, skyrocketing to the daily limit of 111,200 VND per share, reflecting a remarkable 7% increase from the previous session.
Since the start of 2025, VIC shares have climbed approximately 140%, positioning themselves among the top-performing stocks on the market. Consequently, Vingroup’s market capitalization has surpassed 420 trillion VND, second only to Vietcombank.
It wasn’t just VIC that showcased impressive gains; other stocks within the Vin family also experienced notable upward momentum. VHM rose by 3.3%, VRE climbed by 1.76%, and VPL witnessed a substantial increase of 3.6%.
As the stocks accelerated, so did the wealth of billionaire Pham Nhat Vuong. According to real-time updates by Forbes, his net worth accelerated to 11.7 billion USD, marking a substantial increase of 571 million USD (equivalent to 14,846 billion VND).
Vingroup’s new project: A port area and logistics center in Nam Do Son, Hai Phong
On August 2nd, Vingroup’s Board of Directors approved the investment proposal for a new project: a port area and logistics center in Nam Do Son, Hai Phong. The project, spanning 4,394.5 hectares, is located in the southern economic zone of Hai Phong, specifically in Kien Hai commune and Nam Do Son ward.
With a projected investment of approximately 373,841 billion VND (around 14.28 billion USD), the project is envisioned in three phases. The first phase, from 2026 to 2030, is estimated to cost 29,108 billion VND, while the second phase, from 2031 to 2035, is projected to require 206,272 billion VND. The final phase, from 2036 to 2040, is expected to entail an investment of 138,461 billion VND.
Vingroup is set to contribute 15% of the total investment, with the remaining 85% being mobilized from other sources. The project has been granted a 70-year operational duration.
How Tycoon Pham Nhat Vuong Is Taking Over Hai Phong With His $2.2 Billion Real Estate, Industrial, and Logistics Projects
With an estimated investment of nearly $22 billion, Vingroup is the largest private investor in Hai Phong, spanning across real estate, industry, energy, and infrastructure sectors. The group has significantly contributed to the city’s goal of becoming the economic center of the northern sea, with its diverse range of projects and developments.
Electric Vehicle Sales Surpass Real Estate, Becoming Vingroup’s Mainstay in Q2 2025
In Q2 2025, production operations witnessed a remarkable surge in revenue, skyrocketing by 115.85% to VND 17,242 billion compared to Q2 2024. This impressive performance accounted for the largest share of this period’s revenue structure, constituting a significant 37%.
Mr. Pham Nhat Vuong Invests in VinFast: A Whopping 18,000 Billion VND Injection This Quarter
As of Q4 2024, Mr. Vuong has disbursed 28,000 billion VND out of the pledged 50,000 billion VND in funding.
The Birth of a New City: Vinhomes Cần Giuộc – A 1,000-Hectare Urban Paradise Celebrates Vietnam’s Independence Day with Three New Projects.
The Vinhomes Can Giuoc, also known as Vinhomes Phuoc Vinh Tay, is a sprawling 1,090-ha urban development that is gearing up for a grand pre-construction launch before September 2nd.
A Business with Revenue Far Surpassing Vingroup, Doubling That of The Gioi Di Dong, Hoa Phat, and Vietnam Airlines…
With an impressive average daily revenue of 850 billion VND in the second quarter, this enterprise is undoubtedly thriving.
