Mr. Pham Nhat Vuong's assets increased by about 14,300 billion VND in just 1 day.

Pham Nhat Vuong - Photo 1.

Vingroup's stock has surged by hundreds of percent since the 2025 annual general meeting in April this year, when billionaire Pham Nhat Vuong answered a shareholder's question about choosing between VIC and gold - Photo: VIC

From the very first minutes of the trading session, red dominated the entire electronic board as selling pressure overwhelmed the index, causing the VN-Index to plummet rapidly below the 1,600-point mark.

This correction was not limited to just a few individual sectors but spread across the entire HoSE exchange, with 261 stocks falling into the red, while only 74 managed to maintain their gains.

However, towards the end of the afternoon session, the market gradually showed signs of improvement. Demand was reactivated, particularly in large-cap stocks within the Vingroup ecosystem, which played a crucial supporting role, helping the VN-Index significantly narrow its decline.

The strong recovery from this group not only helped erase the sharp drop of over 36 points in the morning but also provided momentum to push the overall index up nearly 15 points by the close of trading, a recovery of almost 50 points from its intraday low.

Specifically, Vingroup's VIC stock officially set a new price peak at 136,000 VND/share, an increase of nearly 4% compared to the reference price and nearly 150% since April.

This strong surge has raised the group's total market capitalization to nearly 527,500 billion VND - maintaining its position as the largest private enterprise on the Vietnamese stock exchange.

The surge in VIC shares has simultaneously led to a significant increase in the personal wealth of Mr. Pham Nhat Vuong, Chairman of Vingroup.

According to Forbes, his net worth has now surpassed $13.6 billion, an increase of approximately $543 million in just 24 hours.

With this fortune, Mr. Vuong ranks 200th on the list of the world's richest people and continues to be the richest person in Vietnam.

Notably, today's price increase also marks a three-day winning streak for VIC shares. Could this be "related" to Vingroup's announcement of suing 68 domestic and foreign organizations and individuals for spreading false information that negatively impacted the group?

In just three days, Vingroup's market capitalization increased by nearly 43,000 billion VND, reflecting investors' confidence in the group's prospects for the coming period.

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BINH KHANH

Source: https://tuoitre.vn/tai-san-ong-pham-nhat-vuong-tang-them-khoang-14-300-ti-dong-chi-sau-1-ngay-20250911183353875.htm