Vingroup’s Pham Nhat Vuong Sets Date for Largest Deal in History

Vingroup (stock code: VIC) has announced that December 8, 2025, will be the final registration date for shareholders to receive new shares issued to increase equity from retained earnings. The conglomerate plans to issue nearly 3.9 billion shares at a 1:1 ratio, meaning each shareholder holding one share will receive an additional new share.

This marks the largest share issuance in Vingroup’s history and a record for Vietnam’s stock market to date.

Following the issuance, Vingroup’s chartered capital will double to over VND 77,000 billion. This positions the company, led by Pham Nhat Vuong, as the non-financial enterprise with the highest chartered capital on Vietnam’s stock exchange, surpassing Hoa Phat. Vingroup’s post-issuance capital will trail only Vietcombank, MB, and VPBank among Vietnamese banks.

On the stock market, VIC shares are on a strong upward trend, consistently reaching new highs. The stock surged over 3% on November 27, pushing Vingroup’s market capitalization above VND 970,000 billion. This solidifies billionaire Pham Nhat Vuong’s conglomerate as the undisputed leader on the Vietnamese stock exchange and positions it to become the country’s first trillion-dollar enterprise.

In a separate development, Pham Nhat Vuong announced plans to transfer over 44 million VIC shares to VinSpeed (the company proposing the North-South High-Speed Railway project) to inject additional capital. The shares are valued at approximately VND 10,800 billion based on current market prices. The transaction will take place between December 2 and December 30.

Following the transaction, VinSpeed’s stake in Vingroup will increase to 423.1 million shares, representing 19.9% of the company’s chartered capital. Conversely, Pham Nhat Vuong’s direct ownership in Vingroup will decrease to 8.9%. However, Vuong, his family, and affiliated entities will collectively retain over 65% of Vingroup’s shares.

In terms of financial performance, Vingroup’s consolidated net revenue for the first nine months of 2025 reached VND 169,611 billion, a 34% increase year-over-year. After-tax profit stood at VND 7,565 billion, 1.9 times higher than the same period in 2024, achieving 76% of the profit target set for 2025. As of September 30, 2025, Vingroup’s total assets reached VND 1,087,870 billion, a 30% increase compared to December 31, 2024, and surpassing the VND 1,000 trillion mark for the first time.