Vingroup (VIC), led by billionaire Pham Nhat Vuong, has resolved to guarantee VinFast’s bond repayment for up to 5 trillion VND in 2025. Previously, in 2024, Vingroup also guaranteed VinFast bonds totaling 6.5 trillion VND. Recently, Vingroup issued 20,000 bonds, raising 2 trillion VND, with an interest rate of 12.5% and a 24-month maturity. Currently, Vingroup’s financial debts amount to 248 trillion VND, which is 1.6 times its equity. In Q1 2025, Vingroup reported a consolidated revenue of 84.053 trillion VND, up 287% year-on-year, with a net profit of 2.243 trillion VND, up 68%. The group aims for a revenue of 300 trillion VND and net profits of 10 trillion VND for 2025, having achieved 28% of the revenue target and 22.43% of the profit target in the first three months. VIC shares have surged about 140% this year, with a market capitalization exceeding 370 trillion VND.
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