On July 10, the VIC stock of Vingroup surged to the ceiling level, reaching 101,600 VND per share with approximately 5.2 million shares traded at opening. Not only VIC, but other Vingroup stocks like VHM and VRE also saw increases. Since the beginning of the year, VIC has risen about 140%, with a market capitalization of nearly 380 trillion VND, second only to Vietcombank. Billionaire Phạm Nhật Vượng’s wealth has increased to $10.7 billion, as he holds nearly 450 million shares of VIC directly, with a total value of over 222 trillion VND. Recently, HCMC approved land prices for the Cần Giờ beachfront urban project, which boasts significant scale and modern amenities.
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