Vingroup Plans to Issue VND 1.000 Billion in Bonds for Debt Restructuring

Vingroup is set to issue VND 1,000 billion in 36-month asset-backed bonds, aimed at restructuring its debt portfolio.

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Illustrative image: Vingroup

Vingroup Joint Stock Company (Vingroup, Stock Code: VIC) recently submitted an official document to the State Securities Commission (SSC), Ho Chi Minh City Stock Exchange (HoSE), and Hanoi Stock Exchange (HNX) for information disclosure.

On November 21, 2025, Vingroup’s Board of Directors issued Resolution No. 42/2025/NQ-HĐQT-VINGROUP, approving the issuance of corporate bonds in a private placement with a total value of VND 1,000 billion.

These bonds are non-convertible, unsecured, and asset-backed. Each bond has a face value of VND 100,000,000.

The issuance date is as specified in the Information Disclosure Document prior to the bond offering and will be confirmed in the issuer’s announcement or the bond offering results disclosure.

The maximum bond term is 36 months from the issuance date. The offering is open to professional securities investors as defined by law.

Proceeds from the bond issuance will be used to restructure the issuer’s debt.

In other developments, Vingroup has completed the written shareholder consultation on three matters, all of which have been approved.

Specifically, Vingroup approved a plan to issue shares to increase charter capital from owner’s equity and related matters; approved changes to its business lines; and approved amendments to the company’s charter.

With the share issuance plan approved, Vingroup plans to execute it in Q4/2025. The company will issue 3.853 billion shares, increasing its charter capital to VND 77,335 billion.

Regarding business line expansions, Vingroup will add industries related to VinMetal, including iron, steel, and cast iron production; metal forging, stamping, pressing, and rolling; and mechanical engineering. Additionally, it will expand into industries related to Vin New Horizon, such as healthcare services for veterans, the elderly, and disabled individuals unable to care for themselves, as well as nursing and convalescent home operations.

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