Billionaire Pham Nhat Vuong hits new record

(Dan Tri) - With a series of "hot" news, including the Ben Thanh - Can Gio railway, VIC shares continued to hit the ceiling. Vingroup's capitalization is now over 1.2 million billion VND, billionaire Pham Nhat Vuong's assets increased by 1.5 billion USD.

The trading session on December 8 not only recorded a record growth in Mr. Pham Nhat Vuong's assets but also made Vingroup the first enterprise to reach a capitalization of 1.2 million billion VND.

At the end of the first trading session of the week on December 8, Vingroup's VIC stock hit the ceiling price of VND152,700/share, despite the majority of the market falling. This is the second consecutive ceiling price session, bringing Vingroup's market capitalization to approximately VND1.2 million billion.

Thus, Vingroup's capitalization is leading the Vietnamese stock market, higher than the total capitalization value of the group of 4 banks with the largest state and private capital (Vietcombank, BIDV , VietinBank and Techcombank) combined.

Billionaire Pham Nhat Vuong's assets also set a new record. According to Forbes, Mr. Vuong's assets are at 25.6 billion USD (equivalent to 675,000 billion VND), an increase of 1.5 billion USD compared to the previous session. This increase puts him in the group of billionaires with the strongest increase in net asset value on December 8 and ranks 84th in the list of the world's richest people.

It is known that Vin "family" stocks have been the focus of the market in the past many sessions, along with a series of notable information from the business.

VIC shares have been continuously increasing, becoming the "center of attention" of the market recently (Photo: VNDStocks).

On December 8, new positive information related to Vinspeed member was assigned by Ho Chi Minh City to build the Ben Thanh - Can Gio railway worth nearly 4 billion USD. This is the first high-speed railway connecting the center of Ho Chi Minh City with Can Gio district, with a total preliminary investment of more than 102,400 billion VND, not including nearly 12,800 billion VND in compensation and site clearance costs guaranteed by the State budget.

According to the direction from the Ho Chi Minh City People's Committee, compensation and site clearance will begin in the fourth quarter; after being allocated clean land, the investor must complete construction and put the railway into operation within 30 months, that is, in 2028.

Regarding investment capital, VinSpeed ​​is known to contribute nearly VND 15,400 billion within 48 months from the date of investment policy approval; the remaining part, equivalent to more than VND 87,000 billion, will be mobilized from credit institutions and other legal capital sources.

Source: https://dantri.com.vn/kinh-doanh/ty-phu-pham-nhat-vuong-cham-ky-luc-moi-20251209070600841.htm