Vingroup Regains Position as Number 1 Private Enterprise on Vietnam’s Stock Exchange from FPT

Vingroup’s stock (VIC) has risen to 52,200 VND/share, pushing the market capitalization to around 200 trillion VND (~8 billion USD) and surpassing FPT, making it the number one private enterprise on the Vietnamese stock exchange. Vinhomes (VHM) and Vincom Retail (VRE) have also reported strong growth recently, with VHM increasing nearly 30% in the past month. Vingroup once led the stock market but its market value has significantly decreased in recent years. This recovery follows Vinpearl’s filing for listing in early March. The wealth of billionaire Pham Nhat Vuong has also surged due to the price of VIC shares, currently estimated at over 100 trillion VND (~4 billion USD), and he tops Vietnam’s richest list with 7.1 billion USD, according to Forbes updates. VinFast, a Nasdaq-listed company, contributes to Vuong’s wealth, valued at around 7 billion USD. The company has been actively moving forward, including plans to build an electric vehicle factory in Indonesia.