Mr. Pham Nhat Vuong - the richest man in Vietnam, owns a net worth of more than 10 billion USD - Photo: LN
Specifically, on the afternoon of May 30, Vingroup Corporation (VIC) announced information on internal transactions.
Accordingly, Mr. Pham Nhat Vuong - Chairman of Vingroup's Board of Directors - has just registered to transfer ownership of more than 48.08 million VIC shares, equivalent to about 1.24% of the group's charter capital, for the purpose of contributing capital to VinSpeed Company.
Mr. Vuong is currently both the chairman of Vingroup and the chairman of the board of directors and general director of VinSpeed. The number of VIC shares that the billionaire holds is more than 656 million, equivalent to 16.92% of the group's capital.
The transaction is expected to be carried out by transferring ownership through the Vietnam Securities Depository and Clearing Corporation (VSDC) between June 5 and July 4.
On the stock market, VIC shares have just experienced a period of positive growth.
Closing the session on May 30, this code climbed to a new peak of VND98,400/share, an increase of about 140% after a quarter.
Speaking to Tuoi Tre Online, lawyer Truong Thanh Duc - director of ANVI Law - said that individuals or businesses can use their own shares to contribute capital to another business. This is considered a form of share transfer and is freely done.
According to Mr. Duc, contributing shares in this form will have price fluctuations like real estate or other assets. That is, at the time of transfer, this batch of shares will be valued at a certain amount. Later, if the market price is higher, the company will receive more, if it is lower, it will lose.
Previously, as Tuoi Tre Online reported, on May 14, VinSpeed High-Speed Railway Investment and Development Joint Stock Company officially registered to invest in the North-South high-speed railway project.
The project has an investment capital of about 1,562,000 billion VND (about 61.35 billion USD), excluding compensation costs, relocation support, and resettlement for site clearance.
Of which, VinSpeed is responsible for arranging 20% of the total investment capital of the project, equivalent to VND 312,330 billion (about USD 12.27 billion).
For the remaining 80% (excluding compensation costs, relocation support, and resettlement for site clearance), VinSpeed proposes to borrow state capital without interest within 35 years from the date of disbursement.
According to information from the national business registration system, VinSpeed High-Speed Railway Investment and Development Joint Stock Company was established in May 2025, headquartered at Symphony Building, Chu Huy Man Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Long Bien District, Hanoi City.
The main field of this enterprise is railway construction.
VinSpeed's charter capital is up to 6,000 billion VND. In the list of shareholders, billionaire Pham Nhat Vuong, his family members and related parties contributed capital to establish the company.
Specifically, Vingroup Corporation contributed 600 billion VND, owning 10% of shares. Next is Vietnam Investment Group Joint Stock Company contributing 2,100 billion VND, owning 35% of shares.
Ms. Pham Thuy Hang, sister of Ms. Pham Thu Huong (wife of Mr. Pham Nhat Vuong), contributed 3%.
Source: https://tuoitre.vn/ong-pham-nhat-vuong-muon-gop-48-trieu-co-phieu-vingroup-vao-vinspeed-20250530181901739.htm
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