Billionaire Pham Nhat Vuong's Vinpearl chain goes public, capitalization equal to VPBank and Vinamilk

(NLDO) – Vinpearl is valued at 71,300 VND/share and will be listed on HOSE from May 13, with a market capitalization equal to the "big guys" VPBank, Vinamilk, and GAS.

On the afternoon of May 7, the Ho Chi Minh City Stock Exchange (HOSE) officially approved the listing of Vinpearl Joint Stock Company (stock code VPL).

Accordingly, nearly 1.8 billion VPL shares will officially be traded on the HOSE from May 13. According to the announcement from HOSE, the reference price of VPL on the first trading day on the floor is 71,300 VND/share.

With 1.8 billion shares in circulation, billionaire Pham Nhat Vuong's Vinpearl chain is valued at nearly VND130,000 billion (nearly USD5 billion) - in the top 15 companies by largest capitalization value on HOSE.

According to the reporter of Nguoi Lao Dong Newspaper, by the end of the trading session on May 7, a number of enterprises had a market capitalization value exceeding 100,000 billion VND on the HOSE floor such as Vietcombank, FPT, MB Bank, ACB , Techcombank, GAS, Hoa Phat, Vinamik, VPBank, BIDV, VietinBank...

This is also the fourth company in the Vingroup ecosystem to list shares on HOSE, along with Vingroup Corporation (VIC), Vinhomes Joint Stock Company (VHM), Vincom Retail Joint Stock Company (VRE). As of May 7, the total capitalization of the four enterprises was about VND736,478 billion.

Vinpearl is headquartered on Hon Tre Island, Nha Trang, Khanh Hoa . Starting from the Vinpearl Resort Nha Trang complex, after more than 21 years of development, Vinpearl now owns, manages and operates 48 facilities in 18 provinces and cities nationwide.

Vinpearl currently owns, manages and operates 48 facilities in 18 provinces and cities nationwide.

In the first quarter of 2025, net revenue from core business activities reached VND2,435 billion, up 45% over the same period last year. Gross profit from business activities recorded an 83% growth over the same period last year, reaching VND450 billion.

At the 2025 Annual General Meeting of Shareholders, Vinpearl's business plan was approved with an estimated net revenue target of about VND 14,000 billion and an expected after-tax profit of about VND 1,700 billion for the whole year of 2025.

Source: https://nld.com.vn/chuoi-vinpearl-cua-ti-phu-pham-nhat-vuong-len-san-von-hoa-ngang-vpbank-vinamilk-19625050718133741.htm