VIC shares reverse the trend, billionaire Pham Nhat Vuong's assets increase by more than 2,000 billion

(NLDO)- Vingroup 's VIC shares hit the ceiling in today's session, reaching 51,400 VND, the highest since the end of September 2023.

At the end of the trading session on March 13, VN-Index decreased by more than 8 points, down to 1,326 points. The entire floor had 121 stocks increasing and 366 stocks decreasing, 55 stocks remaining unchanged.

HNX-Index decreased 0.56 points to 241 points. The entire floor had 60 stocks increasing, 117 stocks decreasing and 52 stocks remaining unchanged. UPCoM-Index decreased 0.29 points to 99 points.

Despite the market decline, Vingroup shares increased sharply. Most notably, Vingroup's VIC shares increased to the ceiling price, reaching VND51,400, the highest since the end of September 2023.

VRE shares of Vincom Retail JSC increased nearly 3% to VND18,800, VHM shares of Vinhomes increased to VND47,800.

The recent increase in VIC shares occurred at the time when the Ho Chi Minh City Stock Exchange (HOSE) announced that it had received a listing registration dossier from Vinpearl Joint Stock Company, a member of Vingroup.

In addition, another positive news is that Vingroup Corporation aims to start construction of the Can Gio coastal urban area with a scale of 2,870 hectares before April 30, 2025. This content was raised by Vingroup representative in a meeting with Ho Chi Minh City leaders on March 6.

Source: Forbes

With this strong increase, the asset value of Vingroup Chairman Pham Nhat Vuong, who owns 691 million VIC shares, increased by more than VND2,000 billion, to about VND35,500 billion.

According to an update on Forbes on the afternoon of March 13, Vingroup Chairman Pham Nhat Vuong's total assets reached 7 billion USD, an increase of more than 300 million USD compared to March 12 and an increase of about 3 billion USD compared to the end of 2024. Mr. Vuong is currently ranked 468th in the top richest people in the world .

Regarding Vingroup's business situation, in 2024, the group recorded consolidated net revenue of VND 192,159 billion, an increase of 19% compared to 2023.

This is the highest revenue in the group's 31-year history, thanks to the strong handover of large real estate projects such as Vinhomes Royal Island and the growth of the electric vehicle segment.

Vingroup's pre-tax profit reached VND16,724 billion, up 21.5% while its after-tax profit reached VND5,251 billion, up 155.4% year-on-year. This result far exceeded the plan set at the 2024 Annual General Meeting of Shareholders.

Source: https://nld.com.vn/co-phieu-vic-loi-nguoc-dong-tai-san-ti-phu-pham-nhat-vuong-tang-them-hon-2000-ti-19625031317154191.htm