Vingroup’s stock (VIC) experienced a significant surge following Vinpearl’s (VPL) announcement of its listing date, reaching a 20-month peak at 73,400 VND/share on May 7. Vingroup’s market capitalization now stands at nearly 270 trillion VND (10.5 billion USD). On May 13, Vinpearl will officially list with a reference price of approximately 71,300 VND/share, valuing it at nearly 130 trillion VND (~5 billion USD), placing Vinpearl among the top valued companies on the exchange. Vingroup holds 85.5% of Vinpearl’s shares, worth around 110 trillion VND. VIC has increased over 70% in the past two months. Due to the recovery in sectors like industrial production and real estate, Vingroup reported revenues of 84.053 trillion VND, up 287% year-on-year, and a profit of 2.243 trillion VND. For 2025, Vingroup aims for a revenue of 300 trillion VND and a profit of 10 trillion VND. Pham Nhat Vuong’s wealth is estimated at 150 trillion VND (5.9 billion USD), making him the richest in Vietnam and 340th globally.
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