On the morning of July 14, 2025, VIC shares of Vingroup surged close to the ceiling price of 115,500 VND, marking a 5.7% increase, pushing the company’s capitalization to nearly 437 trillion VND (17 billion USD). This growth increased billionaire Pham Nhat Vuong’s net worth by nearly 14 trillion VND, totaling 256 trillion VND, equivalent to 11.9 billion USD according to Forbes. The stock surge follows the Prime Minister’s directive to restrict gasoline motorcycles in certain areas to reduce environmental pollution. The plan aims to ban gasoline motorcycles in Ring 1 by July 1, 2026.
Vingroup is also heavily investing in electric vehicles through VinFast. In Q1 2025, Vuong injected an additional 10 trillion VND into the company, bringing total investments to 37.3 trillion VND. VinFast aims to sell 200,000 cars in 2025, achieving 17.5% of its target with over 35,000 cars sold.
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