Since billionaire Pham Nhat Vuong advised ‘choose VIC instead of gold’: VIC shares have nearly tripled, while gold has remained nearly static

Chairman of Vingroup, billionaire Pham Nhat Vuong, advised investors to choose VIC shares over gold during the 2025 Annual General Meeting. He emphasized that the value of VIC shares would be recognized and realized in the future. Since his statement, VIC shares have surged from 58,000 VND to 143,100 VND, an approximate increase of 2.5 times, making Vingroup’s market capitalization exceed 555 trillion VND and becoming the most valuable stock on the Vietnamese stock exchange. Meanwhile, gold prices have only increased by 7% from 121 million VND/tael to 129 million VND/tael during the same period. In addition to VIC, two other stocks of Vingroup, VHM and VRE, also recorded strong growth. Thanks to this growth, Vuong’s assets have increased to 14.2 billion USD, making him the richest person in Vietnam and ranked 188th on the list of world billionaires.