On November 20th, shares of Vingroup (VIC) surged by 3.4% to reach VND 228,000 per share, surpassing the previous peak in late October to set a new all-time high. Compared to the beginning of the year, VIC shares have increased by 5.6 times.
With this rise, the wealth of billionaire Pham Nhat Vuong increased by over VND 16,000 billion, reaching nearly VND 512,000 billion. Simultaneously, the assets of Pham Thu Huong, Vice Chairwoman of Vingroup’s Board of Directors and Mr. Vuong’s spouse, grew by more than VND 1,200 billion to over VND 38,700 billion.
Also today, Vietjet Aviation JSC’s shares (VJC) hit the ceiling price with no sellers. HDB shares rose by 1.6% to VND 31,800 per share.
Thanks to the stock’s rally, the wealth of female billionaire Nguyen Thi Phuong Thao increased by approximately VND 2,600 billion to VND 42,700 billion today.
According to Forbes’ real-time rankings, Pham Nhat Vuong’s net worth rose by $575 million to $20.9 billion, making him the 113th richest person globally.
Recently, Vingroup shareholders approved a plan to issue nearly 3.9 billion bonus shares via written consent. Specifically, VIC will issue nearly 3.9 billion bonus shares to existing shareholders at a 1:1 ratio, meaning each shareholder holding one share will receive an additional new share.
The issuance is expected to take place in Q4, with the exact timing determined by Vingroup’s Board of Directors. The new shares will be freely transferable, but the rights to receive them cannot be transferred.
Vingroup’s Board of Directors also adopted resolutions to submit the issuance documents to the State Securities Commission and to implement the bonus share plan approved by shareholders.
Following the issuance, Vingroup’s chartered capital will double to over VND 77,000 billion. Vingroup is currently the largest company on the stock market with a market capitalization of nearly VND 800,000 billion.
In the first nine months of this year, Vingroup recorded consolidated net revenue of VND 169,611 billion, up 34% year-on-year. Consolidated after-tax profit reached VND 7,565 billion, 1.9 times higher than the same period in 2024, achieving 76% of this year’s profit target.
As of September 30th, Vingroup’s total assets stood at VND 1,087,870 billion, a 30% increase compared to December 31, 2024.
Mega Metropolis: A Billion-Dollar Game Reserved for the Titans
According to experts, the development of megacities will be a major trend in the coming years, yet this arena remains exclusively accessible to large enterprises.
Vingroup and Sun Group’s Bold Moves: Connecting Billion-Dollar Projects via Rail and Air
Vietnam’s real estate titans are redefining development, going beyond building homes to invest in transformative infrastructure. From Vingroup’s expansive road and metro networks to Sun Group’s innovative cable cars and airlines, these visionary companies are not just connecting projects worth billions, but also fostering sustainable growth by making communities more accessible and desirable places to live.
Green SM Capital Surge: Reaching 25 Trillion VND Milestone
In its latest business registration update, Xanh SM has significantly boosted its chartered capital from 18 trillion VND to 25 trillion VND.
Vingroup: Special Shareholder Group Emerges, Holding 58% of Capital
On November 18th, Vingroup announced it had dispatched opinion ballots to 31,273 shareholders, representing ownership of nearly 3.85 billion shares.
Unveiling the $18 Billion Mega Project: Vingroup’s Historic Investment Led by Billionaire Pham Nhat Vuong
The Halong Xanh Vingroup Complex, a groundbreaking urban development, boasts a staggering investment of $18 billion (456.639 trillion VND). This ambitious project is set to break ground on December 19, 2025, marking a significant milestone in modern urban planning.
