The shares of Vingroup (VIC) owned by billionaire Pham Nhat Vuong have surged, reaching VND 69,600 per share, pushing Vingroup’s market capitalization to over VND 266 trillion ($10.4 billion), making it the second-largest company on the stock exchange, only after Vietcombank. This growth has dramatically increased Vuong’s net worth, solidifying his position as the richest person on the Vietnamese stock market with a net asset value of VND 135.5 trillion ($5.3 billion). According to Forbes, his wealth totals $8.4 billion, ranking him 342nd in the global rich list. On April 24, Vingroup will hold its annual shareholders meeting, setting a revenue target of VND 300 trillion, a 56% increase, and a net profit goal of VND 10 trillion, up 90% for 2025. VinFast aims to expand its electric vehicle market share, while Vinhomes plans to develop large-scale urban areas. Vinpearl and Vincom Retail also have clear plans to maintain leadership in tourism and retail sectors.
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