Vingroup’s stock (ticker: VIC) kicked off the week with a dramatic surge, hitting the ceiling at 152,700 VND per share. This marks the second consecutive session of reaching the upper limit following a 50% price adjustment due to a 1:1 bonus share issuance.
This remarkable rally propelled Vingroup’s market capitalization to nearly 1.2 quadrillion VND, making it the first Vietnamese enterprise to achieve this milestone. Vingroup’s market cap is now double that of Vietcombank, the second-largest, and nearly equals the combined capitalization of Vietcombank, BIDV, VietinBank, and Techcombank.
Alongside VIC’s surge, the wealth of Vingroup Chairman Pham Nhat Vuong soared. According to Forbes’ real-time data, his net worth reached $27.1 billion, a $1.6 billion increase in just one day. This leap places him 84th among the world’s richest individuals, setting a new record for Vietnam.
On December 8th, Vingroup finalized the shareholder list for its 1:1 bonus share issuance, planning to issue 3.9 billion shares to raise its charter capital to 77 trillion VND. This is the largest bonus share issuance in Vietnam’s stock market history. Post-issuance, Vingroup’s charter capital will surpass Hoa Phat, becoming the largest non-financial enterprise by charter capital, second only to Vietcombank, MB, and VPBank.
Recently, Pham Nhat Vuong’s Vingroup allocated $28 million (over 700 billion VND) to establish a subsidiary in Kinshasa, Congo, to explore real estate and electric vehicle investment opportunities. In late October, Vingroup signed an MoU with Congo for a 6,300-hectare riverside megacity project, alongside plans to convert 300,000 gasoline vehicles to electric, develop electric bus systems, and charging infrastructure.
VIC’s surge comes as Vingroup’s ecosystem expands at breakneck speed. In October, Pham Nhat Vuong and his family founded several new ventures across diverse sectors, including steel (VinMetal), senior care (Vin New Horizon), and entertainment (V-Film).
VinFast, Vingroup’s electric vehicle arm, continues its market expansion with impressive sales growth. Beyond Vietnam, the company is enhancing its presence in the U.S., Europe, and Asian markets like India, Indonesia, and the Philippines.
In infrastructure, through subsidiary VinSpeed, Vingroup proposes investing in three high-speed rail projects: Ho Chi Minh City – Can Gio ($3.3 billion), Hanoi – Quang Ninh ($5.54 billion), and the North-South high-speed rail ($61 billion, excluding land acquisition costs).
In energy, via VinEnergo, Vingroup commenced construction on Vietnam’s largest gas-fired power plant, the Hai Phong LNG project, with a capacity of 4,800 MW and an investment of $7.7 billion.
In the first nine months, Vingroup’s net revenue reached 169.611 trillion VND, up 34%. After-tax profit hit 7.565 trillion VND, 1.9 times higher year-on-year, achieving 76% of the annual target.
As of September 30th, Vingroup’s total assets grew 30% year-to-date to 1.08 quadrillion VND. Financial debt stood at over 321.9 trillion VND, up 44%, twice the equity. Undistributed after-tax profit reached 52.505 trillion VND.
Vingroup Officially Invests $28 Million to Establish Subsidiary in Congo Following 6,300-Hectare Land Allocation
Our operational objective is to conduct comprehensive market research and identify strategic investment opportunities across key sectors, including real estate, electric vehicles, and other emerging businesses within the Vingroup ecosystem.
Foreign Investors Net Sell Nearly VND 2 Trillion on HoSE in December 8th Session
Foreign investors net sold a staggering VND 1.907 trillion across all three trading floors during today’s session.
Breaking News: Vingroup Offers 0% Interest Loans to Businesses
Following a 0% interest working capital loan from Vingroup, valid for up to 2 years, and its selection as a steel supplier for Vingroup subsidiaries including VinFast, Vinhomes, and VinSpeed, Pomina Steel will convene an extraordinary shareholders’ meeting.
Vingroup Invests $28 Million to Establish Subsidiary in Congo, Exploring Real Estate and Electric Vehicle Opportunities
On December 6th, the Board of Directors of Vingroup Corporation approved a resolution to establish a subsidiary company in the Democratic Republic of the Congo through capital contribution.
Rare Moment at VinFuture 2025: Billionaire Pham Nhat Vuong and His Two Sons Sport Matching Accessories
Billionaire Pham Nhat Vuong and his two sons graced the VinFuture Awards 2025 ceremony on the evening of December 5th.
