VIC closed up 6% at 158,000 dong per share, making it the biggest contributor to the VN-Index's gains. This is Vingroup's highest ever share price. This pushed the company's market capitalization to nearly 608,800 billion dong, a record on the Vietnamese stock market.
Consequently, the assets of major shareholders also increased significantly. Pham Thu Huong, wife of Chairman Pham Nhat Vuong, owns more than 170.6 million VIC shares, equivalent to about 26,955 billion dong. After today's trading session, Huong now holds over one billion USD and is the 5th richest person on the stock market.
However, Forbes' billionaire ranking system has not yet included Pham Thu Huong on their list.
At Vingroup, Huong has served as Vice President since 2021. She graduated from Kiev National University (Ukraine) with a bachelor's degree in international law. In 2020, she and her husband founded the VinFuture Foundation, which sponsors the global science and technology award of the same name.
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Pham Thu Huong - Vice President of Vingroup. Photo: VIC |
Pham Thu Huong - Vice President of Vingroup. Photo: VIC
The surge in Vingroup's stock also pushed Pham Nhat Vuong's assets to a new record. By the end of the session, his nearly 450 million VIC shares were worth about 71,084 billion dong, equivalent to about 2.7 billion USD. However, according to Forbes, Vuong currently holds 15.4 billion USD and is the 168th richest person in the world. In addition to his Vingroup shares, he also owns almost half of VinFast's capital through two private companies.
Forbes calculates individual wealth based on the number and price of shares held at a given time. They also assess other assets, including private company holdings, real estate, artwork, and yachts, when compiling their rankings.
Vingroup's stock has risen sharply in recent months. Since the beginning of the year, VIC has accumulated a gain of about 290%, adding about 450,000 billion dong to its market capitalization.
Recently, Vingroup has seen much positive news. They just entered the power sector with the Hai Phong LNG thermal power plant project, with a total designed capacity of 4,800 MW. This project is invested by the Vingroup Corporation - VinEnergo Energy Joint Stock Company consortium with a total capital of over 178,012 billion dong.
Simultaneously, its subsidiary, Vietnam Exhibition Fair Center (VEF), proposed an interim cash dividend of 33,000 dong per share. Vingroup is expected to receive nearly 4,600 billion dong.
In the first half of the year, Pham Nhat Vuong's conglomerate earned 130,475 billion dong in revenue, double that of last year. After-tax profit reached 4,539 billion dong. According to Vingroup, the improved business results came from residential real estate, industry, tourism, resorts, and entertainment.
Real estate sales still accounted for the largest proportion, nearly 70,500 billion dong, a 167% increase. This figure was recorded when Vinhomes, its subsidiary in residential and urban area development and management, achieved sales of 67,500 billion dong and revenue of about 138,200 billion dong at the end of Quarter II.
Revenue from manufacturing was nearly 33,000 billion dong in the first half of the year, up 134% year-on-year, mainly from VinFast. In Quarter II alone, the electric vehicle manufacturer delivered 72,167 vehicles, 3.2 times higher than the same period last year. VinFast's second factory in Vung Ang Economic Zone (Ha Tinh) also went into operation, with a capacity of 200,000 vehicles per year.
Tat Dat
