“The Secret Weapon” of billionaire Pham Nhat Vuong’s real estate sector sets a new record, capital exceeds 400 trillion for the first time

In a recent trading session, the VN-Index briefly dropped nearly 40 points but closed higher thanks to the contribution of Vinhomes (VHM) – the major real estate company of billionaire Pham Nhat Vuong. VHM reached a record price of 99,000 VND/share, 2.5 times higher than at the beginning of the year, with a market capitalization surpassing 400 trillion VND (~15.5 billion USD) for the first time. Vinhomes also issued 2 bond lots worth 15 trillion VND at a fixed interest rate of 11%/year. In the first half of 2025, the company recorded a total revenue of 34,720 billion VND and a net profit of 11,000 billion VND, with total assets reaching 658,042 billion VND and cash increasing by 69%. Sales forecasts for the second half of 2025 remain positive, supported by significant projects and synchronous infrastructure, such as the Tu Lien Bridge and Can Gio metro line, expected to boost real estate consumption.