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On the morning of April 25th, the 2024 Annual General Meeting of Shareholders for Vingroup Joint Stock Company (HOSE: VIC) approved the business plan. By the end of this year, the group is planning to list Vinpearl on the stock exchange. Regarding its electric vehicle segment, Chairman Pham Nhat Vuong stated that the company will continue to invest in VinFast, emphasizing that electric vehicles represent an irreversible and sustainable trend.

The move eases cash flow pressure on Vingroup as it seeks to raise 10 trillion dong ($395.3 million) to fund its VinFast electric-vehicle unit.

Vincom Retail's selling price is 20% higher than the current price on the VRE floor, which is 26,750 VND/stock.

Ms. Tran Thi Mai Hoa will succeed Ms. Pham Thi Thu Hien as the CEO of Vincom Retail. Additionally, Ms. Hoa has also been appointed as the Vice Chairman of the Board of Directors of Vincom Retail.

Pursuing a diversified conglomerate model, Vingroup has previously divested and closed down multiple business sectors to concentrate its resources.

In pursuit of a diversified business conglomerate model, Vingroup has previously divested and closed down several business sectors in order to concentrate its resources.

After the sale, Vingroup will still be responsible for managing the operations of the shopping malls on behalf of Vincom Retail. The rights of tenants and store owners in these shopping malls will continue to be guaranteed as agreed upon in the signed contracts.

The real estate stock group is also making a comeback, especially DIG, which is also helping Vingroup and Vincom Retail "bear" the market.

Vincom Retail JSC (HOSE: VRE) has recently announced the appointment of Ms. Tran Mai Hoa as the new CEO and Vice Chairman of the Board of Directors for the term 2024-2028, effective from March 18, 2024.

The trading activity on this stock is also very vibrant with a trading volume of nearly 25.4 million units changing hands by the end of the afternoon session, which is twice as high as the previous session and also a record liquidity level for VRE.