On May 13, 1.79 billion VPL shares of Vinpearl began trading on HoSE at a reference price of 71,300 VND/share. The stock quickly hit the upper limit, rising to 85,500 VND/share, with over 1 million units ordered at this ceiling price, pushing Vinpearl’s market capitalization to over 150 trillion VND (6 billion USD), placing it among the top 10 most valuable companies on the Vietnamese stock exchange. This marks the largest deal on Vietnam’s stock exchange since 2018. Vinpearl joins the billionaire Pham Nhat Vuong’s ecosystem, alongside Vingroup, Vinhomes, and Vincom Retail. In Q1, Vingroup reported total revenue of 84.053 trillion VND, a 287% increase year-over-year in 2024, and after-tax profit of 2.243 trillion VND, up 68%. For 2025, Vingroup aims for revenue of 300 trillion VND and a profit of 10 trillion VND. Vinpearl’s Q1 2025 revenue reached 2.971 trillion VND, a 76.6% increase year-on-year, with a net profit of 90 billion VND. For 2025, Vinpearl targets revenue of 14 trillion VND and a profit of 1.7 trillion VND.
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