Mr. Pham Nhat Vuong, Chairman of Vingroup, stated at the 2023 Annual General Meeting that shareholders do not lose anything if they do not sell VIC shares, despite the stock having experienced ups and downs. VIC shares have strongly recovered since early March, increasing nearly 70% and surpassing a 20-month high. VinFast quickly became the best-selling car manufacturer in Vietnam, along with the development of Vinhomes and Vinpearl’s listing plan, positively supporting Vingroup shares. Vingroup’s market capitalization reached over 266 trillion VND, second only to Vietcombank on the Vietnamese stock exchange. Mr. Vuong’s assets on the stock market are estimated at 145 trillion VND, maintaining his position as the richest person in Vietnam. Forbes updated his asset to 8.4 billion USD. Vingroup aims for revenue of 300 trillion VND and profit of 10 trillion VND for 2025, marking growth from real estate and electric vehicle sectors. Recently, Mr. Vuong also established VinEnergo, marking a new step into the energy sector.
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