In the first trading session of week 3/03/2025, shares of billionaire Pham Nhat Vuong saw strong gains, helping VN-Index remain above 1,300 points. Specifically, Vinhomes (VHM) rose 3.3%, Vingroup (VIC) by 2%, and Vincom Retail (VRE) by 1.7%. Notably, foreign investors net bought over 3 million VHM shares, nearly 500,000 VIC shares, and 600,000 VRE shares. Vinhomes is expected to launch 4 real estate projects this year, positively impacting revenue. Vingroup achieved record revenue in Q4 2024 with 65,244 billion VND and after-tax profit of 1,182 billion VND. For the whole year 2024, revenue reached 192,159 billion VND, up 19% year-on-year, thanks to real estate transfers and the electric vehicle sector. VinFast has become the leader in the Vietnamese automotive market with nearly 88,000 vehicles delivered. Vingroup also announced an investment of 300 billion VND in the smart urban application sector.
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