In the latest development, Chairman of the Board, Pham Nhat Vuong, has reported the completion of a transaction transferring ownership of over 48 million VinGroup (VIC) shares, equivalent to 1.24% of VinGroup’s capital, to contribute capital to VinSpeed.
The transaction was executed through a transfer of ownership via the Vietnam Securities Depository and Clearing Corporation (VSDC) on June 10, 2025.
On the stock exchange, VIC shares recovered slightly to VND 90,600/share after a floor price drop at the beginning of the week on June 9. At this price, the shares contributed by Mr. Pham Nhat Vuong to VinSpeed are valued at over VND 4,300 billion.
It is known that VinSpeed is the newest company in the portfolio of newly established companies directly controlled by billionaire Pham Nhat Vuong, alongside other companies such as VinRobotics, VinEnergo, and Xanh SM. The main field of this company is railway construction.
VinSpeed’s charter capital amounts to VND 6,000 billion. In the list of shareholders, Mr. Pham Nhat Vuong contributes VND 3,060 billion, holding 51% of the shares. VinGroup contributes VND 600 billion, owning 10% of the shares. Vietnam Investment Group Joint Stock Company contributes VND 2,100 billion, holding 35% of the shares.
Mr. Vuong’s two sons, Pham Nhat Minh Hoang and Pham Nhat Quan Anh, each contribute VND 30 billion, equivalent to a 0.5% stake. In addition, Ms. Pham Thuy Hang, the sister of Pham Thu Huong (Mr. Vuong’s wife), holds a 3% stake.
Recently, VinSpeed officially registered to invest in the North-South high-speed railway project. The project has an investment capital of about VND 1.5 million billion (equivalent to about USD 61.35 billion), excluding compensation, support, relocation, and resettlement costs for land clearance.
VinSpeed is responsible for arranging 20% of the project’s total investment, equivalent to VND 312,000 billion (about USD 12.27 billion). The company proposed to borrow the remaining 80% (excluding compensation, support, relocation, and resettlement costs for land clearance) from the state without interest within 35 years from the date of disbursement.
In the latest development, VinGroup has issued a resolution approving VinGroup’s participation in a consortium and signing a consortium contract with VinEnergo Joint Stock Company to jointly invest in the Hai Phong LNG Thermal Power Plant Project in Tan Trieu Industrial Park, Kien Thuy District, Hai Phong City. Mr. Pham Nhat Vuong has registered to transfer ownership of nearly 71 million VIC shares, equivalent to 1.24% of VinGroup’s capital, to contribute capital to VinEnergo.
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