A “Vingroup” stock hits the ceiling, what’s happening?

Vietnam’s stock market opened on a vibrant note on October 6, with Vincom Retail’s (VRE) shares hitting the ceiling at 35,000 VND, the highest in over 3.5 years. This surge follows the inauguration of Vincom Mega Mall Ocean City, the largest mall in Vingroup’s system, covering nearly 70,000 m2, featuring AEON supermarket for the first time. Analysts predict that VRE’s revenue will steadily grow, reaching 8.516 trillion VND by 2025 due to the mall’s opening and improved occupancy rates. Additionally, VRE stands to benefit from its subsidiary’s decision to distribute 4.48 trillion VND in dividends to shareholders in Q3 2025. The Board has approved plans to merge some subsidiaries for efficient management, leaving Vincom Retail with three subsidiaries.