On November 20, VIC shares of Vingroup rose 3.4% to 228,000 VND/share, reaching a new historic peak, up 5.6 times from the start of the year. This surge increased billionaire Pham Nhat Vuong’s assets by 16 trillion VND to nearly 512 trillion VND, while his wife Pham Thu Huong’s assets rose by 1.2 trillion to over 38.7 trillion VND. On the same day, VJC shares of Vietjet hit the ceiling, raising billionaire Nguyen Thi Phuong Thao’s wealth by 2.6 trillion VND to 42.7 trillion VND. According to Forbes, Vuong’s net worth reached 20.9 billion USD, ranking 113th globally. Vingroup has approved the issuance of nearly 3.9 billion reward shares to existing shareholders, doubling its charter capital to over 77 trillion VND. In the first nine months of this year, Vingroup achieved consolidated revenue of 169.611 trillion VND, up 34% from last year, with a post-tax profit of 7.565 trillion VND, completing 76% of the year’s plan.
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