On May 13, Vinpearl (VPL) will officially list on HoSE with a reference price of 71,300 VND/share, valuing it at approximately 130 trillion VND. Vingroup, the largest shareholder owning 85.5% of Vinpearl’s equity, will see its stake value rise to over 110 trillion VND. VPL becomes Pham Nhat Vuong’s fifth billion-dollar hit on the stock exchange, alongside other enterprises like Vinhomes and VinFast. Currently, the total market value of Vingroup is nearly 774 trillion VND; including VinFast, the total reaches nearly 1 trillion VND. Vinpearl, one of the leading tourism service brands in Vietnam, faced financial difficulties due to Covid-19 but recovered with record profits in 2022. In Q1 2025, Vinpearl recorded revenue of 2,435 billion VND, a 45% increase compared to the same period last year. The company plans to increase its equity capital to 40,534 billion VND by 2026.
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