The Vietnamese stock market is currently experiencing a situation of “green peel, red heart”, with the VN-Index increasing primarily due to the Vingroup stocks (VIC, VHM, VPL, VRE) of billionaire Pham Nhat Vuong. In the trading session on May 28, this group contributed 4.7 points to the VN-Index, while the entire market only increased by 2.06 points. Since the beginning of the year, Vingroup has contributed nearly 107 points to the VN-Index, while the index has only risen 75 points. Nguyen Luu Hung, Chief Economist of SSI, stated that without these stocks, the VN-Index might have declined further. The rise of large-cap stocks is supported by expectations from Resolution 68 aimed at boosting the private economic sector, benefiting both large and small enterprises. Vingroup also issued several bond lots to raise capital, aiming for a revenue of 300 trillion VND from manufacturing activities in 2025, a sharp increase from the previous year. In the first quarter of this year, Vingroup recorded a record revenue of 84.053 trillion VND, up 287% compared to the same period in 2024.
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