As of the closing session on August 19, VPB shares of Vietnam Prosperity Bank (VPBank) have hit the ceiling price of 34,200 VND, bringing its market capitalization to over 271 trillion VND, making it the latest addition to the group of enterprises valued over 10 billion USD. Currently, the group includes six other companies: Vietcombank, Vingroup, Vinhomes, BIDV, Vietinbank, and Techcombank, setting a record for the number of 10 billion USD companies in Vietnam’s history. VPBank has not only surpassed the 10 billion USD mark but is also closing in on BIDV (287 trillion VND) and Techcombank (278 trillion VND). Since the beginning of August, VPB shares have risen nearly 33%, bolstered by news of its planned IPO for VPBankS securities company.
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