Vingroup group stocks turn purple, billionaire Pham Nhat Vuong's assets increase to unprecedented high

On the afternoon of May 20, the domestic stock market made a strong breakthrough. The VN-Index increased by nearly 20 points at one point, jumping to over 1,315 points - the highest in many months. The market was bustling, pushing the total trading value of the entire floor to over 17,300 billion VND.

The main driving force of the VN-Index comes from the Vingroup group of stocks owned by billionaire Pham Nhat Vuong. The first was the VIC code hitting the ceiling in the morning session, followed by the VHM code also increasing to the maximum limit. VRE and VPL each jumped 5-6% each, contributing the most to the VN-Index and VN30-Index.

Notably, VIC shares have increased continuously over the past 2 months, from over 42,000 VND in early March to 91,500 VND this afternoon - equivalent to an increase of more than 110% after only about 1.5 months.

On stock forums, many investors expressed regret for not having held Vingroup shares before the sharp price increase. Some people are still hesitant to return to the market after the correction in April.

According to analysts, the current increase in VN-Index is clearly marked by Vingroup stocks, including VPL (Vinpearl) - a new code listed on the stock exchange since May 13.

The recent sharp increase in Vingroup shares has increased the assets of billionaire Pham Nhat Vuong and his associates. Pham Nhat Vuong alone has assets worth more than 10 billion USD in terms of stock value.

According to the latest update from Forbes World , Mr. Pham Nhat Vuong's assets are currently at 10.2 billion USD - in the group of 300 richest people on the planet.

Cổ phiếu họ Vin tím lịm, kéo VN-Index tăng vọt bỏ xa mốc 1.300 điểm - Ảnh 1. — Mr. Pham Nhat Vuong's assets according to Forbes statistics

"The current upward momentum of the stock market is completely different from the previous period of surpassing 1,300 points, when the market was strongly differentiated and only focused on pulling the Vingroup group. Therefore, the performance of this group of stocks will be an important key to deciding the upcoming trend," said Ms. Vu Thi Quynh Trang, an expert at Pinetree Securities.

Cổ phiếu họ Vin tím lịm, kéo VN-Index tăng vọt bỏ xa mốc 1.300 điểm - Ảnh 2. — VN-Index surpasses 1,300 point mark with positive contribution from Vingroup stocks

Although the VN-Index has surpassed the psychological mark of 1,300 points, many investors are still staying out of the game because they are worried that the market is entering a period of excitement and increasing risks.

Mr. Nguyen Viet Duc, Director of Digital Business - VPBankS Securities, said that there is currently no specific index to measure investor sentiment in Vietnam. He said that the current positive sentiment is based on macro factors and valuation. "Investors should keep their stock ratio above 70%. If there is a shake-up due to tariffs or news, they can disburse the remaining 30%," he recommended.

According to Mr. Duc, the valuation of VN-Index is currently fluctuating around 12-13 times earnings, still significantly lower than the previous period of overheating (17-18 times). "At this time, we should look at stocks from the perspective of growth, not just value," he emphasized.