Vingroup Returns to Top 10 Stock Market Capitalization, Billionaire Pham Nhat Vuong’s Assets Increase by 2 Trillion After One Session

In March, the Vietnamese stock market saw a strong recovery of Vingroup’s stocks, with VIC, VHM, and VRE all rising. Vingroup’s market capitalization now reaches nearly 161 trillion VND, allowing Pham Nhat Vuong’s company to return to the top 10 valuable companies on the stock exchange. On March 3, Vingroup’s stock alone contributed to an increase of nearly 2 trillion VND in Vuong’s assets, bringing his total wealth to about 90 trillion VND, making him the richest person in Vietnam at 5.3 billion USD according to Forbes. Vingroup expects to achieve a revenue of 192.159 trillion VND in 2024, boosted by real estate handovers and the electric vehicle sector. Notably, VinFast has claimed the number one position in the Vietnamese automobile market with nearly 88,000 vehicles delivered. Additionally, Vingroup announced a 300 billion VND investment to establish a subsidiary focused on smart urban applications.