The Vietnamese stock market is experiencing strong profit-taking pressure, especially on Vingroup stocks. Stocks like VIC and VHM have sharply dropped to the floor price with substantial sell orders. VRE also fell by 3.6%, while VPL remained unchanged. VIC stock has increased by over 120% this year, VHM nearly 80%, and VRE by 50%, leading to profit-taking activity. During the session on June 9, billionaire Pham Nhat Vuong’s assets fell by about 15 trillion VND, yet he still leads the stock market with about 200 trillion VND in assets. According to Forbes, Vuong is worth 10.1 billion USD, ranking 291st in the world. A significant portion of his wealth is also tied to VinFast, a leading electric vehicle company in Vietnam. Recently, Vingroup issued six bond lots, raising 15 trillion VND for investment activities.
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