Vingroup’s stock (VIC) has increased over 5.5 times since the beginning of the year, with a market capitalization of nearly 900 trillion VND (34 billion USD) as of November 20. Billionaire Pham Nhat Vuong, Chairman of Vingroup, has an estimated net worth of about 21 billion USD, ranking 116th among the world’s richest, surpassing Eri Li, Chairman of Geely Holding. Vingroup has approved the issuance of nearly 3.9 billion bonus shares, potentially raising its charter capital to over 77 trillion VND. The conglomerate is also expanding into new business sectors, including metal production and caring for people with disabilities. Revenue in the first nine months of 2025 reached 169.611 trillion VND, a 34% increase from last year, while net profit was 7.565 trillion VND, up 1.9 times from 2024, achieving 76% of the profit target.
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