Foreign investment funds are stepping up their buying activity.
At the close of trading last weekend, Vingroup 's VIC stock reached 228,000 VND – a slight decrease from its record high of nearly 230,000 VND the day before. However, this is still the historical peak for this stock, having increased by a total of 58,400 VND compared to the 169,600 VND price at the close of the last trading session of 2025, representing an increase of over 34% and almost three times the price of a year earlier.
Vingroup Corporation has just broken ground on the largest new urban area, resort, and sports service project in the area bordering Dien Bien Phu Ward and Thanh Nua Commune (Dien Bien Province).
Photo: VIC
Not only VIC, but several other Vingroup subsidiaries' stocks have also continuously risen, such as Vinhomes' VHM, which reached 158,000 VND, an increase of over 27% compared to the beginning of the year and nearly tripled after one year; and Vincom Retail's VRE, which reached 34,000 VND, unchanged from the beginning of the year but recorded a 36% increase after one year. The continuous upward trend of VIC and related stocks has positively contributed to pushing the VN-Index above 1,900 points last week.
Not wanting to miss the opportunity, many investors, especially institutional shareholders, actively bought in. For example, in April, several funds under Dragon Capital bought several million additional shares of VIC and VHM/VRE. Specifically, DC Dynamic Securities Investment Fund (DCDS) held 3.21 million VIC shares at the end of April, an increase of over 2.24 million units compared to the end of March. VHM shares also increased from 1.26 million units to 2.53 million units, an increase of nearly 1.27 million shares in April. Simultaneously, the fund also bought 1.66 million VRE shares, a number not previously recorded in the fund. In its April report, DCDS stated that it had proactively increased its holdings in VIC and VHM to capitalize on the upward trend, raising the total weighting of the two stocks to approximately 17% of its net asset value at the end of the month. Similarly, the DC Dividend Concentrated Equity Fund (DCDE) also saw the appearance of "Vin Group" stocks in April, purchasing 514,900 VHM shares and 601,800 VRE shares. Likewise, the Vietnam Enterprise Investments Limited (VEIL) fund increased its holdings of VIC and VHM in its portfolio to 12.6% at the end of April.
Mr. Vo Nguyen Khoa Tuan, Senior Securities Operations Director at Dragon Capital, explained in a recent Fund Insider program organized by Fmarket that when a stock surges, the general market sentiment often assumes it's a peak. However, this assessment is quite subjective. In DCDS's strategy, two key factors are prioritized: "unbiased" and "timely." Returning to the "Vin Group" stocks in 2025 promises growth for investors. Evidence shows DCDS is one of the few funds expected to grow by over 30% in 2025, outperforming other funds. "In the South Korean stock market over the past three years, Hosun shares have increased 55 times, while HD Hyundai Electric and SK have increased about 25 times. Therefore, Vingroup's stock has only increased about 7-8 times from its bottom, which is not unreasonable, especially for a company operating at full speed and with such determination as Vingroup," Mr. Tuan emphasized.
Invest in the story of the future.
Explaining the growth of "Vin Group" stocks, Mr. Nguyen The Minh, Director of Investment Banking at An Binh Securities Company, said that in any stock market, there is a phenomenon where a few large-cap stocks account for a high proportion of the overall market index. For example, TSMC Group's stock – the world's largest semiconductor chip manufacturer – accounts for 13% of the index basket on the Taiwanese stock market. Similarly, in the US, a group of seven large-cap stocks accounts for more than 50% of the S&P 500 index. Therefore, it is common for stock indices to rise, but only a few stocks increase while many others decrease. For the Vingroup group of stocks, especially VIC of the parent company, the strong increase from 2025 to the present is due to several reasons. Firstly, many mechanisms and policies have been introduced by the Party and Government to promote economic growth. In particular, Resolution 68 of the Politburo on the development of the private economy has created many favorable conditions for large private corporations with a tendency to expand globally to develop strongly. Therefore, it is understandable that many investors have high expectations for the development of Vingroup – a leading Vietnamese corporation with many sectors such as VinFast and Green SM. "Not only has it undertaken a series of large-scale national projects, but the recent restructuring of assets related to VinFast and Vingroup's operations has also led investors to believe that this corporation will experience stronger growth in the future," Mr. Minh said.
Vingroup sets a target for record profits in 2026 (Pictured: The 880-hectare International University Urban Area in Ho Chi Minh City, which Vingroup started construction on at the end of April).
Photo: Nhat Thinh
Furthermore, since March, when the US-Iran conflict escalated, driving up global oil prices, VinFast's electric vehicle segment has had more opportunities for expansion. In addition, the upgrade of the stock market to the FTSE Global All Cap index, effective in September, also brings significant advantages to blue-chip stocks. Among them, the "Vin" group of stocks are all estimated to be included in the FTSE Global All Cap index. This also contributes to pushing up stock prices. The strong Q1 2026 business results of Vingroup and its ecosystem companies are proof of investor expectations. "It's not that stocks that have already risen sharply won't rise further. For example, Nvidia's stock in the US or TSMC in Taiwan have risen sharply but continue to set new records. Investing in stocks is investing in the future. When investors still believe in the company's development, buying shares is understandable," Mr. Nguyen The Minh shared.
Concurring, financial expert Dr. Nguyen Tri Hieu believes that in the context of Vietnam setting a double-digit economic growth target and promoting the development of all economic sectors, especially the "unleashed" private sector, large enterprises have even more opportunities to accelerate. Vingroup itself has put forward strong business plans, with high revenue and profit growth targets. For example, Vingroup's newly announced real estate projects are large-scale with many attractive policies, becoming superior and well-received by many customers. Similarly, large-scale infrastructure and urban development projects, as well as participation in the energy and technology sectors, will create new growth drivers for the company. For the overall national economy to grow strongly, large economic groups must lead the market. Among them, Vingroup continues to be a major corporation and is expected to make a significant contribution to Vietnam's economic growth targets this year and in the years to come. "The stock market always reflects the potential of the economy, and stock prices are also considered a 'barometer' for the health of businesses. Large companies with outstanding business plans and high growth potential will attract investor interest," Mr. Hieu emphasized.
Setting a record profit target.
Vingroup has unveiled its 2026 business plan with the goal of achieving record profits. Specifically, net revenue is projected at VND 485,000 billion and after-tax profit at VND 35,000 billion, representing increases of 56% and 216% respectively compared to 2025. By the end of Q1 2026, the group achieved consolidated net revenue of VND 104,352 billion, a 24% increase compared to the same period in 2025, thanks to positive growth in industrial production and real estate business. Consolidated after-tax profit for Q1 2026 reached VND 5,611 billion, a 150% increase compared to the same period. As of March 31st, Vingroup's total assets reached VND 1,179 trillion.
Source: https://thanhnien.vn/giai-ma-da-tang-nhom-co-phieu-vingroup-185260517193944108.htm
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