Vingroup-Joint Stock Company (Vingroup, Stock Code: VIC) has officially notified the State Securities Commission (SSC), Ho Chi Minh City Stock Exchange (HoSE), and Hanoi Stock Exchange (HNX) regarding its upcoming bond issuance.
The Board of Directors has approved the issuance of VND 3,500 billion in non-convertible, unsecured bonds, backed by assets, with a face value of VND 100 million per bond.
The maximum bond term is 24 months from the issuance date, targeting professional securities investors as defined by law.
The issuance date will be announced in the pre-issuance disclosure document and confirmed in the issuer’s notification or post-issuance disclosure.
Proceeds from the bond sale will be used to restructure the issuer’s debt. The collateral includes assets owned by the issuer and/or third parties.
Illustrative image: Vingroup
Previously, Vingroup announced plans to issue VND 2,500 billion in bonds with a face value of VND 100 million per bond and a maximum term of 24 months, also for debt restructuring.
In other developments, Vingroup has disclosed the establishment of a new subsidiary. The Board has approved the formation of VinDynamics, a humanoid robot research, development, and application company.
VinDynamics will have a chartered capital of VND 500 billion, with Vingroup holding a 51% stake. Its headquarters will be located at Symphony Office Building, Chu Huy Man Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Hanoi.
The company’s primary focus is on researching, developing, manufacturing, and transferring technology in humanoid robotics.
Vingroup previously established two robotics subsidiaries: VinRobotics and VinMotion, both specializing in robotics research and application.
VinRobotics, with a chartered capital of VND 1,000 billion, is 51% owned by Vingroup, with Chairman Pham Nhat Vuong holding 39%. His children, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each own 5%. Nguyen Mai Hoa serves as Chairwoman and legal representative, also representing various Vingroup ecosystem entities.
VinMotion, established in January 2025 with a chartered capital of VND 1,000 billion, has a similar shareholder structure to VinRobotics.
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