On August 4, Vingroup’s VIC shares hit the ceiling price of 111,200 VND per share, up nearly 7% from the previous session, and 140% since the beginning of 2025. Vingroup’s market capitalization stands at over 420 trillion VND, ranking second after Vietcombank. Other related stocks like VHM, VRE, and VPL also saw significant increases. Consequently, billionaire Pham Nhat Vuong’s fortune grew to 11.7 billion USD or 14.846 trillion VND. Additionally, Vingroup announced a project for a port and logistics center in Nam Do Son, Hai Phong, with an estimated investment of about 373.841 trillion VND, planned in three phases. Vingroup will contribute 15% of the investment, while the remaining 85% will be raised externally, with a project lifespan of 70 years.
Leave a Reply