Vingroup Corporation (stock code: VIC) has just published a document asking for shareholders' written opinions. Notably, Vingroup's document includes content about issuing bonus shares to increase capital.
The group plans to submit to shareholders for approval a plan to issue 3.85 billion shares, equivalent to a 1:1 ratio, meaning each existing shareholder owning 1 share will receive one new share. The largest bonus share issuance deal in the history of the Vietnamese stock market is expected to be implemented in the fourth quarter of 2025.
Issuing bonus shares is a form of business increasing charter capital by distributing more shares to shareholders, without collecting additional money, based on available capital. If the issuance is successful, Vingroup's charter capital will double, to more than 77,000 billion VND.
With this scale, billionaire Pham Nhat Vuong's enterprise will also become the non-financial company with the largest charter capital on the Vietnamese stock exchange, surpassing Hoa Phat, Masan , PV Gas... Most recently, they issued shares or increased capital in 2020, after the group paid dividends to shareholders.
Vingroup increased its capital in the context that VIC shares have increased by 416% since the beginning of the year, reaching VND209,000 billion. The group's market capitalization is currently at VND807,592 billion, ranking first among listed enterprises.

Billionaire Pham Nhat Vuong, Chairman of Vingroup Corporation (Photo: VIC).
In addition, the group also asked for shareholders' opinions to add some more industries such as iron, steel, cast iron production, metallurgy, mechanical processing, health care for the elderly and disabled....
Earlier in October, Vingroup established VinMetal Company - a business that produces civil steel lines for construction, hot-rolled coil steel (HRC) and special alloy steel for electric vehicles and high-speed traffic infrastructure.
In addition, Mr. Pham Nhat Vuong's company plans to raise 325 million USD (about 8,500 billion VND) in international bonds, with an interest rate of 5.5% per year. Vingroup's bonds are issued in USD, non-convertible, non-warrant, unsecured and determine the direct debt repayment obligation of the issuer.
According to the financial report for the third quarter of 2025, Vingroup recorded revenue of VND39,143 billion, down nearly 38% compared to the same period last year. After deducting expenses, profit after tax reached VND3,025 billion, up 50% compared to the third quarter of 2024. The company earned more than VND30,000 billion last quarter thanks to the transfer of subsidiaries.
As of September 30, Vingroup's total assets reached VND1,080 trillion, up 30% compared to the beginning of the year. Financial debt was over VND321,900 billion, up 44% from the beginning of the year, twice as much as equity.
Source: https://dantri.com.vn/kinh-doanh/vingroup-cua-ty-phu-vuong-sap-co-thuong-vu-lon-nhat-lich-su-chung-khoan-20251106132035494.htm






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