Vingroup's VIC stock closed at over 212,000 VND per share on 24/4, marking a 60% increase in one month. The conglomerate's market capitalization also surpassed 1,6 million billion VND, equivalent to over 60 billion USD, making it the leader on Vietnam's stock market.
According to data from Companies Market Cap, Vingroup's stock market value currently ranks fourth in Southeast Asia, trailing DBS Group (Singapore), Delta Electronics (Thailand), and OCBC (Singapore). This achievement marks the first time a Vietnamese enterprise has reached the region's top tier in this index.
DBS Group, headquartered in Singapore, holds the largest market capitalization in Southeast Asia at 126,5 billion USD. This conglomerate is one of Asia's largest banks, providing various financial services since its establishment in 1968. Delta Electronics, a technology company from Thailand, also boasts a market capitalization exceeding 100 billion USD.
Across Asia, the conglomerate led by billionaire Pham Nhat Vuong has also surpassed numerous prominent names, including Kia, KB Financial Group, Shinhan Financial Group (South Korea); and Nintendo, Panasonic, Sumitomo, Daikin (Japan).
Vingroup operates as a diversified conglomerate with activities spanning multiple sectors such as electric vehicle manufacturing, technology, real estate, infrastructure, energy, and steel. Billionaire Pham Nhat Vuong founded the enterprise in 1993 in Ukraine.
For this year, the company plans to achieve 485 trillion VND in revenue, a nearly 46% increase compared to the previous year. After-tax profit is projected to reach 35 trillion VND, nearly three times the figure recorded in 2025.
In addition to Vingroup, Pham Nhat Vuong's ecosystem includes four other companies listed on the stock market: VinFast, Vinpearl, Vinhomes, and Vincom Retail. During the 2026 annual general meeting held on 22/4, the billionaire announced plans for an initial public offering (IPO) for Green SM. Pre-listing activities are expected to commence in a few months.
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VinFast otos displayed at a customer test-drive event in TP HCM. Photo: Pham Trung |
VinFast otos displayed at a customer test-drive event in TP HCM. Photo: Pham Trung
Green SM, established by Vuong in 2023, currently has a charter capital of over 43 trillion VND. Its primary operations are in taxi and ride-hailing services, exclusively utilizing VinFast products. According to Mordor Intelligence, the enterprise surpassed Grab and Be to lead the four-wheel ride-hailing segment in Vietnam during Q4/2025, capturing 51,5% market share by gross merchandise value (GMV).
Besides the upcoming Green SM listing, the Vingroup chairman also affirmed that VinFast, a company within the ecosystem, is projected to achieve positive earnings before interest, taxes, depreciation, and amortization (EBITDA) in Vietnam this year and globally next year.
Trong Hieu
