Vingroup (stock code VIC) recently announced that it will seek written shareholder approval to expand its business scope, with the deadline for registration on August 8 and the shareholder consultation expected to take place in August. At the annual general meeting in April 2025, shareholders approved the addition of 13 new business sectors including services supporting water transport, construction of hydraulic works, etc. Recently, Vingroup has made significant moves in infrastructure and energy, particularly with VinSpeed proposing an investment in the North-South high-speed railway. Billionaire Pham Nhat Vuong also established VinEnergo for electricity production. Vingroup aims for a revenue of VND 300 trillion and a profit of VND 10 trillion in 2025, focusing on three main pillars: manufacturing, real estate, and tourism. VinFast plans to double its vehicle production, Vinhomes to develop urban areas in strategic locations, while Vinpearl expands its international market and strengthens its domestic market share. VIC shares are currently near historical highs.
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