At the close of trading on 1/12, Vingroup's VIC shares rose by 3.6% to 269,900 VND per share. During the session, the stock briefly touched its ceiling price of 278,600 VND, marking a new record high. VIC has maintained an upward trend for 11 consecutive sessions.
Two other "Vin-family" stocks, VPL and VHM, also performed well. Vinpearl shares surged to their maximum allowed increase, reaching 101,600 VND. Vinhomes' stock gained an additional 2.7%, closing at 105,700 VND. This trio provided a strong foundation, helping the VN-Index rebound to the 1,700-point mark.
Since the beginning of the year, VIC's market price has increased by approximately 6.65 times from a price range of 40,000 VND. Vingroup's market capitalization also surpassed one trillion VND, leading the Vietnamese stock market and standing at 2.2 times the capitalization of the next-ranked stock, Vietcombank (VCB).
Following VIC's upward trajectory, Forbes reported that today alone, Pham Nhat Vuong's wealth increased by approximately 760 million USD, equivalent to over 20 trillion VND. He ranked 5th among billionaires who gained the most wealth on this day.
The Vingroup chairman's total assets reached approximately 24.3 billion USD, which translates to over 641.8 trillion VND. He is ranked 94th among the world's 100 richest people.
Pham Nhat Vuong was recognized by Forbes as Vietnam's first billionaire in 2013. At that time, he held approximately 1.5 billion USD and was ranked 974th on the list. Over a decade later, his fortune has multiplied more than 16 times.
Mr. Vuong directly owns 389.9 million VIC shares, representing a 10.1% stake. Additionally, he, along with his family members and private companies, maintains controlling interest in Vingroup, with a combined ownership of approximately 65%. He also holds nearly half of VinFast's capital through two private companies.
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Pham Nhat Vuong, Chairman of Vingroup Group, at the groundbreaking ceremony for the Can Gio sea encroachment urban area project on 19/4. *Photo: Thanh Tung*
Recently, Vingroup's ecosystem has been continuously expanding. In October, Mr. Vuong and his family established several companies in various sectors, including: VinMetal (steel), Vin New Horizon (elderly care), and V-Film (entertainment). In early November, he also founded and contributed 71% to VinSpace, a company primarily engaged in manufacturing aircraft, spacecraft, telecommunications satellites, and air cargo transport.
According to its latest financial report, Vingroup's total assets exceeded 1.08 quadrillion VND at the end of QIII, marking a 30% increase since the beginning of the year. It is the first private enterprise in Vietnam to achieve this asset level.
Tat Dat
