Billionaire Pham Nhat Vuong expands ecosystem: Fitting together important pieces

On October 6, Vingroup Corporation (VIC), chaired by Mr. Pham Nhat Vuong, announced the establishment of VinMetal Production and Trading JSC to meet the internal needs of the group's ecosystem and at the same time participate in promoting the development of heavy industry in Vietnam.

VinMetal Company has an investment capital of 10,000 billion VND, with the goal of building a high-tech industrial steel production complex with a capacity of about 5 million tons/year in phase 1, in Vung Ang, Ha Tinh .

VinMetal not only produces civil steel but also focuses on special steel for electric vehicles and high-speed transport infrastructure, such as steel for car bodies, rails, bridge - port - railway structures... serving VinFast , Vinhomes... VinMetal also aims to export steel to regional and international markets.

Thus, Vingroup has officially entered a new field, competing with giants operating in the industry for decades such as Hoa Phat Group (HPG) chaired by billionaire Tran Dinh Long. The steel line that Vingroup is aiming for has strict technical standards, a field that even Hoa Phat has just begun to participate in.

Vingroup produces steel to serve many large projects such as the North-South high-speed railway, the Ho Chi Minh City - Can Gio and Hanoi - Quang Ninh routes...

Billionaire Pham Nhat Vuong has assets of 17.1 billion USD as of October 6. Source: FB

Previously, on October 5, Mr. Pham Nhat Vuong transferred more than 60 million VIC shares, worth about VND 10,600 billion, expected to take place between October 9 and November 7, to VinEnergo Energy JSC.

After the transaction, Mr. Vuong will reduce his ownership from 449.9 million units (equivalent to 11.59% of capital) to 389.9 million units (10.04% of capital). Meanwhile, VinEnergo will own 165.7 million VIC shares, an ownership ratio of 4.27%.

VinEnergo is the investor of the Hai Phong LNG Thermal Power Plant project with the largest capacity in Vietnam of 4,800 MW.

In July, Mr. Vuong also contributed more than 78.5 million Vingroup shares, equivalent to nearly 8,400 billion VND, to the company established to register to invest in the North-South VinSpeed high-speed railway project. Previously, he transferred more than 48 million VIC shares to this enterprise.

Thus, VinSpeed is holding more than 135.6 million Vingroup shares, equivalent to 3.5% of charter capital.

Vingroup and billionaire Pham Nhat Vuong have poured capital into companies and expanded into new fields in the context of Vingroup shares increasing about 4.6 times in more than 9 months, to nearly 180,000 VND/share, thereby contributing significantly to helping the VN-Index climb to a record peak of nearly 1,700 points as it is now.

Billionaire Pham Nhat Vuong's assets reached 17.1 billion USD as of October 6 and ranked 141st in the world, according to Forbes.

Vinhomes (VHM) shares also increased sharply, adding 2,700 VND to 102,700 VND/share.

In August 2018, Vingroup Corporation announced its goal of becoming an international-class technology-industry-service corporation by 2028, in which technology accounts for the main proportion, instead of focusing mostly on services and real estate as before.

In July 2025, Vingroup announced information about the implementation of two industrial parks worth 10,000 billion VND just one week after receiving the investment certificate.

In August, the group announced two new pillars of operations: infrastructure and green energy, on the occasion of its 32nd anniversary. In the infrastructure network, Vingroup targets high-speed railway industry, bridges, ports, logistics...

In the real estate sector, Vingroup and businesses in the ecosystem continuously implement large projects such as the "city on the sea" Vinhomes Green Paradise (Vin Can Gio) 2,870ha, Vinhomes Co Loa, "billionaire island" Vinhomes Royal Island (Vin Vu Yen) 877ha...

It can be seen that VinMetal, or previously VinEnergo and VinSpeed, are important new pieces in Vingroup's ecosystem, strongly supporting the electric car manufacturing and real estate pillars of the group. At the same time, together with other large corporations, they create a national industrial infrastructure platform.

The expansion into many fields also caused Vingroup's asset size to increase sharply. By the end of the second quarter of 2025, Vingroup's assets reached more than VND964.4 trillion, an increase of 15.3% compared to VND836.6 trillion at the beginning of the year.

Debt also increased sharply. By the end of the second quarter of 2025, short-term financial leasing loans and debts increased to nearly VND125.3 trillion, compared to nearly VND95.2 trillion at the beginning of the year. Long-term financial leasing loans and debts increased from more than VND129 trillion to more than VND153.6 trillion.

Billionaire Pham Nhat Vuong is in the top 145 richest people on the planet, injecting capital into electricity company. Vingroup shares increased 4 times, helping billionaire Pham Nhat Vuong increase his assets to nearly 17 billion USD, putting him in the top 145 richest people in the world.

Source: https://vietnamnet.vn/ty-phu-pham-nhat-vuong-don-dap-mo-rong-he-sinh-thai-2449815.html