In the past two weeks, Vingroup’s VIC stock has reached a new peak with a market capitalization exceeding 590 trillion VND, taking the lead on the stock exchange. However, Vingroup faced numerous false rumors about its financial status and products, causing investor panic. Claims like “Vingroup is about to go bankrupt” circulated widely, despite the fact that the group’s actual debt was only about 283 trillion VND, which is safe by international standards. After Vingroup filed lawsuits against organizations spreading false information, VIC stock surged nearly 3.4% the next day and continued to set new highs at 153,200 VND per share. The personal wealth of Chairman Pham Nhat Vuong also rose sharply to 15 billion USD. This case demonstrates how rumors can impact investor sentiment, while transparency and timely actions can restore confidence and stabilize the market.
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