Vingroup’s stock (VIC) surged after Vinpearl (VPL) announced its listing date, reaching 73,400 VND with a market capitalization of nearly 270 trillion VND. On May 13, 1.79 billion shares of VPL will be listed on HoSE with a reference price of 71,300 VND, positioning Vinpearl among the most valuable companies on the exchange. Vingroup owns 85.5% of Vinpearl, equivalent to a market value of nearly 110 trillion VND. VIC stock has risen over 70% since early March, significantly boosting Pham Nhat Vuong’s wealth to about 150 trillion VND (5.9 billion USD). According to Forbes, he is the richest person in Vietnam with a net worth of 8.7 billion USD, ranking 340th worldwide. Vingroup reported Q1 revenue of 84.053 trillion VND, up 287%, and post-tax profit of 2.243 trillion VND, up 68%. Vingroup aims for a revenue target of 300 trillion VND in 2025.
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