Vingroup’s Stock Surge: A Catalyst for Growth and Expansion
Surfing a wave of success since early March, Vingroup’s stock (VIC) soared by nearly 140% in just 3 months, reaching a 3-year high. With a market capitalization of nearly VND 380,000 billion (~USD 15 billion), it ranks second only to Vietcombank on the stock exchange. During this period of VIC’s remarkable performance, billionaire Pham Nhat Vuong has been hard at work, accomplishing a great deal.
Contributing Vingroup Shares to Establish VinSpeed
In the latest development, Mr. Pham Nhat Vuong has registered to transfer ownership of over 48 million VIC shares (equivalent to 1.24% of Vingroup’s capital) to VinSpeed as a capital contribution. The transaction will be executed through the Vietnam Securities Depository (VSDC) from June 5 to July 4. According to the National Business Registration System, VinSpeed Joint Stock Company, established in May 2025, specializes in high-speed railway construction. VinSpeed has registered to invest in the North-South high-speed railway project, with an investment of nearly VND 1.6 million billion (approximately USD 61.35 billion), excluding compensation, support, and resettlement costs for land clearance.
VinSpeed has a charter capital of VND 6,000 billion, contributed by Vingroup’s Chairman and his family members, as well as related parties. Mr. Pham Nhat Vuong holds a 51% stake (approximately VND 3,060 billion), while Vingroup contributes VND 600 billion for a 10% stake. Vietnam Investment Group Joint Stock Company holds a 35% stake with a contribution of VND 2,100 billion, and Ms. Pham Thuy Hang, Mr. Vuong’s sister-in-law, contributes 3%.
On April 11, Mr. Pham Nhat Vuong, Chairman of Vingroup’s Board of Directors, announced that he would contribute over 35 million VIC shares he holds to establish VinEnergo Joint Stock Company. The company, which started operations on March 10, 2025, specializes in electricity production.
VinEnergo has a charter capital of VND 2,000 billion, with Mr. Pham Nhat Vuong as the dominant shareholder, holding a 71% stake. His two sons, Mr. Pham Nhat Quan Anh and Mr. Pham Nhat Minh, each own 5% of the capital, while Vingroup holds the remaining shares.
Raising VND 15,000 Billion in Bonds for Vingroup
In addition to contributing to new businesses, billionaire Pham Nhat Vuong continues to raise capital for Vingroup. On May 15, Vingroup issued 20,000 bonds with a face value of VND 100 million each, raising a total of VND 2,000 billion. The bonds have a term of 24 months and will mature on May 15, 2027, with an interest rate of 12.5% per annum.
Within the last two months, Vingroup has issued six bond lots, raising a total of VND 15,000 billion. Among these, the VIC12502 bond has a term of 38 months and will mature in June 2028, while the other bonds have a term of 2 years. The interest rates range between 12% and 12.5% per annum.
In a related development, Vingroup recently approved a resolution by the Board of Directors to provide a payment guarantee and use the corporation’s assets as collateral for enterprise bonds issued by VinFast Joint Stock Company in 2025, with a total face value of up to VND 5,000 billion.
Hosting the Annual General Meeting with Memorable Remarks
Amid the surge in VIC’s stock price, Vingroup held its 2025 Annual General Meeting, marked by memorable remarks from Chairman Pham Nhat Vuong.
At the meeting, the billionaire affirmed, “I will invest in whatever is profitable for the group, and my personal investments will be in more challenging ventures. That’s it in a nutshell!” When asked about Vingroup’s plans for green energy, Mr. Pham Nhat Vuong replied, “Many people say that we make electric cars but they’re not green, so we’re going to make green energy to be green from start to finish.”
Notably, when a shareholder compared investing in VIC to investing in gold, Mr. Pham Nhat Vuong asserted, “Choosing VIC over gold was the right choice. With the dedication and hard work of all these people, value will be created, and our standards will be recognized. However, just like a ship encounters waves and winds, jumping ship too soon will make it hard to keep swimming.”
Taking Vinpearl Public: A Market Sensation
One of Mr. Pham Nhat Vuong’s notable achievements during this period was the successful listing of Vinpearl on May 13. This move made Vinpearl the first company valued at billions of dollars to go public since Vinhomes in 2018. This blockbuster deal served as a catalyst not only for the Vingroup but also for the stock market as a whole.
Vinpearl’s successful IPO is expected to encourage more businesses to go public, creating new opportunities for the market. This will help balance the structure of Vietnam’s stock market, which is currently dominated by banking, finance, and real estate sectors.
Following Vinpearl’s lead, notable companies like TCBS and F88 are preparing for their IPOs and stock market listings. Looking ahead, the market anticipates the potential listings of prominent names such as THACO AUTO, Bach Hoa Xanh, Golden Gate and Highlands Coffee, VPS, Viettel IDC, Misa, VNPay, and Long Chau. According to Dragon Capital’s estimates, Vietnam’s stock market may witness an IPO wave worth USD 47 billion in the next three years.
Climbing the Forbes Billionaires List
The surge in Vingroup’s stock price has significantly boosted billionaire Pham Nhat Vuong’s wealth. His estimated assets on the Vietnamese stock exchange (including direct and indirect holdings) currently exceed VND 200,000 billion (~USD 7.8 billion), reflecting an increase of approximately VND 120,000 billion since the beginning of 2025.
According to Forbes’ latest update, Mr. Pham Nhat Vuong’s net worth stands at USD 10.7 billion, ranking him 258th on the list of global billionaires. During the period of VIC’s remarkable performance, Mr. Pham Nhat Vuong surpassed several renowned billionaires on the Forbes list, including former US President Donald Trump, Samsung Chairman Lee Jae-yong, and Thai Beverage founder and TCC Group Chairman Charoen Sirivadhanabhakdi.
In addition to his holdings in Vietnamese stocks, a significant portion of Mr. Pham Nhat Vuong’s wealth lies in VinFast, a company listed on the Nasdaq. VinFast is currently Vietnam’s best-selling car brand and is among the top 10 most valuable electric vehicle companies globally, with a market capitalization of approximately USD 8 billion (according to companiesmarketcap).
VinFast’s Billion-Dollar Bet: Unveiling New ‘Golden Opportunities’ with Xanh SM?
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The initial investment of $50 million is just the beginning.
VinFast Supplier Conference: Aiming for 80% Localization, Targeting 1 Million Vehicles per Year
VinFast is proud to be partnering with almost 700 domestic businesses to source components, materials, and equipment for its manufacturing operations. This extensive network of local suppliers is a testament to VinFast’s commitment to supporting the Vietnamese economy and fostering a robust automotive industry in the country. By working closely with these businesses, VinFast is not just assembling cars but also building a strong foundation for the future of Vietnam’s automotive sector.
High-Speed North-South Railway Proposal: Why Choose VinSpeed?
“Backed by billionaire Pham Nhat Vuong and his vast multi-industry ecosystem, VinSpeed Transport Joint Stock Company is a powerhouse in the industry. With VinGroup’s backing, VinSpeed is poised to revolutionize the transportation sector and beyond.”
The Billionaire’s Bold Move: “Pham Nhat Vuong Transfers Vingroup Shares to Invest in the North-South High-Speed Railway”
The VIC stock has been on an impressive run on the stock market lately, reaching new heights.
“Vinfast Expands Domestic Supplier Network, Guaranteeing Product Offtake.”
With a vision to foster growth and build a strong and united Vietnamese business community, VinFast is organizing a conference titled “Enhancing Localization and Developing Suppliers for VinFast” on June 9th in Hanoi. This event presents attractive opportunities and commitments as we rally together for the advancement of Vietnam’s automotive industry.
