Vingroup Corporation - Joint Stock Company (VIC) has just announced the registration of insider transactions. Specifically, Chairman of the Board of Directors Pham Nhat Vuong registered to transfer ownership of more than 48 million VIC shares, equivalent to 1.24% of Vingroup's capital, to contribute capital to VinSpeed.
The transaction will be carried out by transferring ownership through the Vietnam Securities Depository and Clearing Corporation (VSDC) from June 5 to July 4.
On the stock exchange, VIC shares have performed well in recent times, closing on May 30 at a new peak of VND98,400/share. Temporarily calculated at this price, the number of shares contributed by Mr. Pham Nhat Vuong to VinSpeed is worth VND4,731 billion.
Billionaire Pham Nhat Vuong wants to transfer 48 million VIC shares to VinSpeed.
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%.
VinSpeed is the company that has registered to invest in the North-South high-speed railway project. The project has an investment capital of nearly 1.6 million billion VND (equivalent to about 61.35 billion USD), excluding compensation costs, relocation support, and resettlement to clear the land.
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.
Source: https://vtcnews.vn/ty-phu-pham-nhat-vuong-muon-gop-48-trieu-co-phieu-vingroup-vao-vinspeed-ar946170.html
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