The Vietnamese stock market continues to show signs of improvement thanks to the group of stocks from Vingroup, led by billionaire Pham Nhat Vuong. Specifically, stocks such as VIC, VHM, VRE, and VPL have surged, helping the VN-Index to rise by 2.06 points amid a generally declining market. Since the beginning of the year, this group of stocks has contributed nearly 107 points to the VN-Index, while the overall index has only increased by 75 points. Nguyen Luu Hung, Chief Economist at SSI, noted that without Vingroup’s presence, the VN-Index could have dropped significantly. The reasons behind this growth might stem from expectations from Resolution 68 aimed at promoting the private economy. Vingroup is also actively issuing corporate bonds, raising a total of 15 trillion VND in the past month. The group’s revenue target for 2025 is set at 300 trillion VND, a 56% increase compared to 2024, with expected profits of 10 trillion VND. In Q1 of this year, Vingroup recorded a revenue of 84.053 trillion VND, a 287% growth compared to the same period last year, marking a record revenue for a quarter.
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