170 Shareholders Approve Vingroup’s Historic Capital Increase Plan

Vingroup has completed gathering shareholder opinions on three key issues: issuing shares to increase capital, changing business sectors, and amending the charter. All were approved by 170 shareholders, representing 92.37% of votes. Vingroup plans to issue 3.853 billion shares to increase its charter capital to 77.335 trillion VND in Q4. Additionally, the group will incorporate sectors such as metal production and health care services. Vingroup’s market capitalization surged to 847.663 trillion VND, with share price reaching 220,000 VND. Billionaire Pham Nhat Vuong now holds assets of 20.3 billion USD, ranking 119th globally. The company has announced significant projects this year, including expanding into the metallurgy industry and developing infrastructure projects like a LNG thermal power plant and a railway from Hanoi to Quang Ninh. The consolidated revenue for the first nine months of 2025 reached 169.611 trillion VND, and the net profit was 7.565 trillion VND, achieving 76% of the profit plan for the year.

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