Vinpearl hits the stock market, Vietnam’s stock market quenches the thirst for new commodities

On May 13, over 1.79 billion VPL shares of Vinpearl officially traded on HoSE at a reference price of 71,300 VND/share, immediately hitting the ceiling at 85,500 VND/share, pushing Vinpearl’s market capitalization over 150 trillion VND. This is the first major event since 2018, expected to rejuvenate the lack of “blockbuster” IPOs in the Vietnamese stock market. As a player in the tourism sector benefiting from the recovery of international tourism and a rapidly rising middle class, experts predict that this listing will boost investor sentiment and contribute to the goal of reaching 120% of GDP in market capitalization by 2030. VinGroup will also gain a new large member, raising the total market capitalization of the group to nearly 1 trillion VND. The recovery in tourism is expected to improve Vinpearl’s business results while creating opportunities for capital mobilization for future expansion. Following Vinpearl, many potential companies like TCBS and F88 are also gearing up for IPOs, marking a golden opportunity for businesses to enter the stock market and attract investment as Vietnam is poised for a potential stock upgrade in the future.