Vingroup (code VIC) of billionaire Pham Nhat Vuong announced that it will seek shareholders’ opinions regarding the addition of business sectors and other matters. The opinion-gathering process is expected to take place in August, with the registration deadline set for August 8. At the 2025 annual shareholder meeting, Vingroup approved the addition of 13 new business sectors. Recently, Vingroup has been active in infrastructure and energy, most notably proposing to invest in the North-South high-speed railway worth about 67 billion USD. The subsidiary VinEnergo was established in March, focusing on electricity production. Vingroup aims for a revenue target of 300 trillion VND in 2025, with a net profit of about 10 trillion VND. The strategy focuses on three pillars: manufacturing (VinFast), real estate (Vinhomes), and tourism – entertainment (Vinpearl). VinFast will increase electric vehicle delivery, Vinhomes will focus on developing urban areas, and Vinpearl will expand into international markets. VIC shares are currently at 116,000 VND/share, nearly three times the beginning of the year, with a market capitalization nearing 450 trillion VND.
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