Vietnam’s stock market has seen a remarkable surge in stocks belonging to the Vingroup group, particularly VHM of Vinhomes and VRE of Vincom Retail, which have risen between 2.5% and over 3%. Notably, Vingroup’s stock VIC reached a record price of 45,300 VND/share, marking an increase of nearly 6.5%. This has solidified Pham Nhat Vuong as the richest man in Vietnam with a net worth of 5.6 billion USD. At the same time, Vinpearl is moving forward with its stock listing, registering nearly 1.8 billion shares for listing, which is expected to be a breakthrough for the company. Recently, Vinpearl issued more than 70 million shares, achieving total revenue of 14,388 billion VND in 2024, a 55% increase from the previous year, with the hotel and tourism sector as the main revenue contributor. Vingroup also reported a record revenue of 192,159 billion VND and a post-tax profit of 5,251 billion VND for 2024.
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