VIC shares surged 57% since early March but fell to 66,100 VND per share on April 18, with nearly 10.6 million shares traded. Investors may be taking profits after such impressive growth. Vingroup’s market capitalization now exceeds 252.7 trillion VND, second only to Vietcombank. SK Group executed a block deal worth 4.446 trillion VND for VIC shares and reduced its ownership to 4.72% after selling nearly 51 million shares. SK seems to have found new investors as it divests. Vingroup announced a revenue target of 300 trillion VND and a net profit of 10 trillion VND for 2025, significantly higher than the previous year. In April, Vingroup plans to start construction on the Cần Giờ coastal tourism urban area project, aiming to attract millions of visitors annually.
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