The Vietnamese stock market continues to show volatility, with shares of the Vingroup group led by billionaire Pham Nhat Vuong (VIC, VHM, VPL, VRE) increasing significantly, contributing 4.7 points to the VN-Index, while the overall market remains in the red. Since the beginning of the year, this stock group has contributed nearly 107 points to the VN-Index. Nguyen Luu Hung from SSI stated that without the Vingroup group, the VN-Index might have seen a sharper decline. The rise in large-cap stocks reflects investor optimism over Resolution 68 aimed at boosting private economic growth, supporting large enterprises to participate in important infrastructure projects. Meanwhile, Vingroup recently approved a payment guarantee for VinFast’s bonds, aiming to raise 5 trillion VND. In 2025, Vingroup targets a revenue of 300 trillion VND and a profit of 10 trillion VND. In the first quarter, Vingroup reported a record revenue of 84.053 trillion VND, up 287% year-on-year, with a net profit of 2.243 trillion VND, rising 68%.
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