The stock market kicked off the week with a continued acceleration in Vingroup shares. As of 10:45 AM, Vingroup’s stock (ticker: VIC) was trading at 171,200 VND per share, marking a nearly 4.4% increase and setting a new all-time high. Since the beginning of the year, the stock has surged by over 300%.
Vingroup’s market capitalization also hit a record high of nearly 660 trillion VND (~25 billion USD). This figure solidifies the conglomerate, led by billionaire Pham Nhat Vuong, as the undisputed leader on the stock exchange, far outpacing its competitors.
Additionally, the stock’s rally has significantly boosted billionaire Pham Nhat Vuong’s wealth. His estimated assets on the Vietnamese stock market, including direct and indirect holdings, currently stand at approximately 302 trillion VND. He is the individual investor with the largest assets in the history of Vietnam’s stock market, surpassing all previous records.
According to the latest update from Forbes on September 29, Pham Nhat Vuong’s net worth is 16.1 billion USD, ranking him 157th among the world’s wealthiest individuals. Vietnam’s richest man now surpasses even Samsung Chairman Lee Jae-yong and Thai billionaire Charoen Sirivadhanabhakdi, Chairman of TCC Group and Fraser and Neave (F&N), as well as the founder of Thai Beverage. In his remarkable ascent, Vuong has overtaken numerous global luminaries, most recently investment legend Ray Dalio.
In other developments, the stock’s strong surge comes amid a series of positive updates for Vingroup. Recently, the conglomerate launched two major projects with a combined investment of 182 trillion VND, including the Tan Trao Industrial Zone Infrastructure Development Project (Phase 1) and the Hai Phong LNG Thermal Power Plant Project.
The Tan Trao Industrial Zone Infrastructure Development Project is led by Vinhomes Hai Phong Industrial Zone Investment JSC. Spanning nearly 227 hectares in Kien Hung and Nghi Duong communes, the project’s Phase 1 has a total investment of over 4 trillion VND.
The Hai Phong LNG Thermal Power Plant Project, located within the Tan Trao Industrial Zone, is jointly invested by Vingroup and VinEnergo Energy JSC (a Vingroup subsidiary). Covering nearly 100 hectares, the project’s total investment exceeds 178 trillion VND.
Furthermore, Vingroup received another piece of good news as VEFAC’s (ticker: VEF) Board of Directors proposed an interim cash dividend of 330% (33,000 VND per share). Under this plan, VEFAC is expected to distribute nearly 5.5 trillion VND in dividends. Vingroup (ticker: VIC), holding an 83.32% stake, could pocket nearly 4.6 trillion VND.
Earlier, according to Ha Tinh Newspaper, Pham Van Tinh, Deputy Head of the Provincial Economic Zone Management Board, signed Decision No. 152/QD-KKT on September 20, 2025, approving the investment policy and investor for the Electric Vehicle Auxiliary Industry Workshop Construction Project. The project will be executed by Vinhomes Ha Tinh Industrial Zone Investment JSC, a Vingroup subsidiary.
The project will be implemented on plots CN4-1 and CN4-2 of the Detailed Planning for the Central Industrial Zone CN4-CN5 in Vung Ang Economic Zone, Vung Ang Ward, Ha Tinh Province. The total investment is expected to exceed 21.4 trillion VND, with investor equity of over 3.21 trillion VND (15% of total investment) and mobilized capital of over 18.19 trillion VND.
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