Vingroup’s stock (VIC) of billionaire Pham Nhat Vuong has been on a consistent rise, reaching a price of 69,600 VND/share, pushing its market capitalization over 266 trillion VND (10.4 billion USD), surpassing BIDV and making it the second-largest entity on the Vietnamese stock exchange. Vingroup now trails only Vietcombank (~331.4 trillion VND), solidifying its position as the largest private enterprise. Vuong’s wealth has surged to 135.5 trillion VND (5.3 billion USD), making him the richest in the Vietnamese stock market. According to Forbes, Vuong is the richest person in Vietnam with 8.4 billion USD. At the upcoming annual shareholders’ meeting in April 2025, Vingroup aims for revenues of 300 trillion VND, with profits reaching 10 trillion VND. VinFast targets strong growth and aims to lead in the electric vehicle sector while expanding globally. Vinhomes will continue large real estate developments, Vinpearl will enhance travel experiences, and Vincom Retail will maintain its leading market position with increased customers and profits.
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