Phạm Nhật Vượng once said “you haven’t lost until you sell; VIC’s price will return”: Is Vingroup about to reclaim its position as the largest on the stock market from Vietcombank?

Vingroup’s stock (VIC) increased by 1.32% to 137,800 VND/share, reaching a new high with nearly 2 million shares traded, marking a 240% rise since the beginning of the year. With a market capitalization of nearly 531 trillion VND, Vingroup ranks second on the stock market, trailing Vietcombank by just over 19 trillion VND. Phạm Nhật Vượng emphasized that the true value of VIC is lower than its listed price, advising shareholders not to sell. In the first half of 2025, Vingroup recorded 130.476 trillion VND in revenue, with a pre-tax profit of 11.159 trillion VND, significantly up from last year. VinFast leads the auto market with 72,167 electric vehicles delivered, while sales in the real estate sector by Vinhomes and the tourism sector by Vinpearl also showed remarkable growth. The Can Gio project contributed 21.7 trillion VND to Ho Chi Minh City’s budget.