Vingroup (ticker VIC) announced to shareholders about changing its business sectors. They plan to add several sectors including sauna and massage services, food services, non-alcoholic beverage production, stone and mineral exploration. They will also adjust existing sectors by revising details in accommodation services and mineral water extraction. Vingroup will gather shareholder opinions by August 8, 2025, and has made notable moves in infrastructure and energy, proposing a North-South high-speed railway worth approximately 67 billion USD. The company has also established VinEnergo aimed at electricity production. Their 2025 plan targets revenue of 300 trillion VND and profit of 10 trillion VND, marking increases of 56% and nearly 90% compared to 2024.
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