VIC shares suddenly drop sharply, billionaire Pham Nhat Vuong’s assets decrease by over 15 trillion VND

On July 21, VIC shares sharply fell, reaching a floor price of 110,700 VND/share and ending the session down nearly 6% at 112,000 VND/share. Other stocks in the Vingroup ecosystem also fell, including VHM down 4.2%, VRE down 1.5%, and VPL down 1.3%. This decline caused billionaire Pham Nhat Vuong’s assets to drop by approximately 15.3 trillion VND. Despite this drop, VIC shares had increased by 175% since the beginning of the year. Meanwhile, VinFast reported delivering 11,382 electric cars in June, totalling 67,569 units this year, outpacing many major brands. Last year, VinFast sold nearly 87,000 cars and aims to maintain its status as the best-selling car brand in Vietnam. VinFast reported a profit of 15,250 billion VND after six months, an increase of 8,372%.