3 Months Since Mr. Pham Nhat Vuong Answered the Question of Choosing VIC or Gold: 1,000 VIC Shares Now Worth More Than 1 Gold Bar

Vingroup’s shares (VIC) have seen significant growth, reaching 123,000 VND/share, equating to 123 million VND for 1,000 shares, surpassing the price of a gold bar (120.6 million VND). At the April shareholders’ meeting, Chairman Pham Nhat Vuong advised to invest in VIC rather than gold, emphasizing the company’s increasing value. In the past three months, VIC’s price has doubled, and Vingroup’s market capitalization has soared to nearly 470 trillion VND, nearing Vietcombank. Vuong’s estimated wealth is 270 trillion VND, ranking him as the 206th richest person globally with 12.6 billion USD. Part of his wealth comes from VinFast, now one of the top 10 electric vehicle companies in the world, valued at 8 billion USD. VinFast delivered 11,382 electric cars in June, totaling 67,569 cars sold this year, more than double competitors like Toyota and Hyundai.