On October 17, Vingroup (ticker VIC) announced its plan to issue a maximum of 1,625 international bonds, each with a face value of 200,000 USD, totaling 325 million USD. The bonds have a term of 5 years and an interest rate of 5.5% per year, set to be listed on the Vienna Stock Exchange and will not be sold in Vietnam. Concurrently, Vingroup announced a capital contribution to establish Vin New Horizon JSC with a charter capital of 1 trillion VND, in which it holds 65%, focusing on the investment and management of senior healthcare centers. Vin New Horizon is built around 6 core pillars designed to meet the needs for housing, relaxation, healthcare, education, and entertainment for the elderly. On the stock exchange, VIC shares reached 204,000 VND, five times higher than at the beginning of the year, with a market capitalization of over 778 trillion VND (~29 billion USD), maintaining its top position on the Vietnamese stock exchange. Vingroup is also conducting a shareholder consultation regarding a stock issuance to increase capital in November 2025.
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