According to Dragon Capital experts, Vingroup stocks have risen sharply but are consistent with financial health, and this level is still much lower than other benchmark stocks in other countries.

Driven by Vingroup shares, the stock market today reached new highs, closing above the 1,925-point mark.

VN-Index surpasses 1,920 points in early afternoon, led by Vingroup and Vinhomes shares.

Vingroup has entered the top 5 largest companies in Southeast Asia by market capitalization, thanks to a nearly 60% surge in its VIC stock over the past month.

Shares of Vingroup and Vietcombank increased by 3,5% and 5,7% respectively, pushing the VN-Index 13 points above its reference level, even as over 200 stocks on the exchange declined.

With nearly 35 billion USD in assets, Vingroup chairman Pham Nhat Vuong is currently the 65th richest person globally, surpassing billionaire Jack Ma and Amazon founder Jeff Bezos's ex-wife.

Supported by banking, oil and gas sectors, and Vingroup shares, the stock market turned green as the VN-Index gained over 13 points.