The reason why 'super stocks' keep soaring.

TPO - According to experts, for a company operating at full speed like Vingroup, a fivefold increase in its share price in eight years is not unreasonable.

VinGroup's stocks have skyrocketed over the past year .

At the close of trading on May 20th, Vingroup 's VIC shares rose by 1,600 VND to 226,700 VND per share. This price is nearly three times higher than a year ago. Similarly, other "Vin" group stocks have also seen phenomenal increases over the past year.

Vingroup shares and related stocks surged.

Specifically, Vinhomes Joint Stock Company's VHM shares are trading around VND 159,900 per share, up 26% from the beginning of the year and nearly three times higher than a year ago. Vincom Retail Joint Stock Company's VRE shares are at VND 33,500 per share, up 35% from a year ago.

Vinpearl Joint Stock Company's VPL shares were listed on the HoSE in mid-May 2025 with a reference price of 71,300 VND per share. Immediately on its debut trading day, VPL shares surged to 85,500 VND per share with 4,000 units traded. Currently, VPL is trading around 90,600 VND per share.

Along with the "Vin Group" stocks, a series of other leading stocks also maintained their upward trend. Specifically, over the past month, GAS shares of Vietnam Gas Corporation increased by 10,500 VND, from 79,200 VND/share to 89,700 VND/share. PLX shares of Vietnam Petroleum Corporation increased from 39,450 VND/share to 43,850 VND/share.

In the banking sector, VCB increased from VND 60,100/share to VND 64,600/share, BID increased from VND 40,550/share to VND 43,900/share, STB increased from VND 64,200/share to VND 71,600/share...

Speaking to a reporter from Tien Phong newspaper , Mr. Huynh Anh Tuan, General Director of VikkiBankS (Vikki Digital Banking Securities Company Limited), said that the sharp increase in Vingroup shares and related stocks is due to Vingroup being a leading enterprise in Vietnam.

"Stock prices reflect the health of a business. Therefore, the sharp increase in the price of VIC shares and related stocks is understandable," Mr. Tuan said.

Economist Nguyen Tri Hieu stated that Vingroup is a multi-industry conglomerate, not only involved in real estate but also in industry, technology, infrastructure, green energy, tourism, etc., with the ability to influence the economy and create jobs for tens of thousands of workers.

Vingroup is a diversified conglomerate.

“Only Vingroup has the strength to compete and play a leading role in driving economic growth. This year, if Vietnam wants double-digit growth, companies like Vingroup must lead the market to achieve the desired growth,” Mr. Hieu said, adding that the increase in Vingroup's share price reflects the expectations and confidence of investors.

According to the expert, in any stock market in the world , it is normal for a few stocks to act as pillars supporting the market, supporting the VN-Index. Mr. Hieu cited the example of the Dow Jones Index, which is also influenced by a few stocks or a group of 7 large-cap stocks that account for more than 50% of the S&P 500 index's market capitalization.

No unreasonable increases.

At a recent online seminar, Mr. Vo Nguyen Khoa Tuan, Senior Director of Securities Operations at Dragon Capital, stated that their DCDS fund has purchased shares of Vinhomes and Vingroup in 2025. According to Mr. Tuan, this was a sound decision and significantly contributed to DCDS's growth of over 30% in the past year.

Regarding concerns about the sharp rise in VinGroup's stock prices and the possibility that they have peaked, Mr. Tuan believes this assessment is subjective. Many people draw conclusions without actually examining the financial statements, prospectuses, or annual reports of the companies for analysis.

Mr. Tuan cited statistics from Dragon Capital showing that many stocks in South Korea have grown 25-55 times over the past three years. Specifically, Hyosung Heavy Industries' stock increased by 5,459% by the end of April, while Hyundai Electric and SK Square's stocks also rose by more than 2,500%...

The current share prices of "Vin Group" companies only reflect a portion of the asset value and growth potential of the Vingroup ecosystem.

"While Hosun shares have increased 55 times, and HD Hyundai Electric and SK have increased about 25 times, 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 aggressively like Vingroup," Mr. Tuan said.

According to Dragon Capital, Vingroup is a diversified conglomerate, leading and representing the growth of the Vietnamese economy with an incredibly dedicated and aggressive workforce. Vinhomes, in particular, is one of the rare real estate companies to achieve profits exceeding $2 billion. Mr. Tuan believes that the current market price of VHM has only increased by over 100% compared to its peak five years ago, so it cannot be considered excessively rapid growth.

In fact, many of the sectors Vingroup pursues are industries with very large market sizes and significant potential in Vietnam and the region, such as electric vehicles, green energy, infrastructure, and technology. With a long-term investment strategy and aggressive deployment in many new areas, Vingroup still has enormous growth potential in the future. Therefore, the current share price of the "Vin" group only reflects a portion of the asset value and growth potential of the Vingroup ecosystem.

In 2026, Vingroup plans to achieve record profits: Net revenue of VND 485,000 billion and after-tax profit of VND 35,000 billion, representing increases of 56% and 216% respectively compared to 2025.

Source: https://tienphong.vn/ly-do-cac-sieu-co-phieu-phi-ma-khong-ngung-post1844848.tpo