Foreign Investors Sell VIC Stocks

The stock of VIC from Vingroup rose by 4.6%, reaching 71,000 VND per share, the highest in 20 months, despite strong foreign net selling totaling 4,446 billion VND. Domestic investor confidence in Vingroup remains solid due to the successes of VinFast and Vinhomes. The market capitalization of Vingroup surpassed 271 trillion VND, becoming the second largest on the Vietnamese stock exchange, only after Vietcombank. Vingroup is set to hold its annual general meeting for 2025 on April 24, targeting a revenue of 300 trillion VND and after-tax profit of 10 trillion VND, increasing by 56% and 90% from the previous year. In 2024, Vingroup reported a revenue of 192 trillion VND, a 19% increase, with an after-tax profit of 5.251 trillion VND, up 155%, driven by increased real estate handovers and a surge in the electric vehicle sector.