Ms. Pham Thu Huong, wife of billionaire Pham Nhat Vuong, received a 'gift' worth 415 billion VND on March 8.

Vingroup stocks all rose in the session on March 7, pushing the VN-Index up to 1,326 points. Thanks to holding a large amount of VIC shares, Ms. Pham Thu Huong's assets increased to VND7,729 billion.

In the trading session on March 7, Vingroup 's VIC shares increased to the ceiling price (+6.97%) to 45,300 VND/share. Liquidity increased, reaching 11.5 million units, equivalent to a value of 511 billion VND. The company's capitalization thereby increased by 11,278 billion VND.

Not only VIC, all companies in the Vingroup ecosystem had positive developments. Specifically, Vinhomes JSC (HoSE: VHM) increased by 3.1%, Vincom Retail JSC (HoSE: VRE) increased by 1.96%, Vietnam Exhibition Fair Center JSC (UPCoM: VEF) increased by 1.49%.

The assets of Ms. Pham Thu Huong - wife of billionaire Pham Nhat Vuong increased by 415 billion VND to 7,729 billion VND right before International Women's Day on March 8, thanks to direct ownership of 170.6 million VIC shares.

Thanks to the positive performance of Vingroup group, VN-Index improved in the last trading session of the week, increasing by 7.83 points to 1,326.05 points. The index increased by 20.69 points last week, marking a streak of 7 consecutive weeks of increase.

"Sensitive" to IPO deals

Vingroup group traded quite peacefully in the morning session but exploded in the afternoon session after information that Vinpearl submitted its application for listing on HoSE. This is a subsidiary of the group, in charge of tourism and resorts, with a charter capital of 17,933 billion VND, equivalent to nearly 1.8 billion shares that will be in circulation soon.

Previously, Vinpearl announced its 2024 business results with revenue of VND 14,376 billion and profit after tax of VND 2,550 billion, up 55% and 280% respectively compared to 2023. At the end of 2024, the company's total assets reached more than VND 76,483 billion, up 73% compared to the beginning of the year.

In fact, Vinpearl was listed on HoSE in 2008 with the code VPL, but then delisted in 2011 due to merging with Vincom JSC to form Vingroup Corporation as it is today.

Vingroup’s stock performance is sensitive to the IPOs of its subsidiaries. Before the Vinhomes listing in 2018, VIC increased by 84% in 2017 and continued to increase by 49% in 2018. VIC also increased by nearly 50% during the listing of VinFast in August 2023.

Source: https://nguoiquansat.vn/vo-ty-phu-pham-nhat-vuong-nhan-mon-qua-tri-gia-415-ty-dong-dip-8-3-203359.html