VIC increases the ceiling, billionaire Pham Nhat Vuong promotes among the richest people in the world

Lục Giang |

Vingroup's VIC shares increased dramatically on the ceiling on May 8, bringing Chairman Pham Nhat Vuong's assets to 9.1 billion USD, in the top 325 richest people in the world.

VIC's shares of Vingroup continued to be the focus of attention in the stock market when the 8.5 session increased the ceiling, to 78,500 VND/share with the matching volume of 7.2 million units. VIC's gain momentum marks a series of 4 consecutive increases with large amplitude. In the past month, VIC has increased by nearly 42%. Since the beginning of the year, VIC has even increased to 90%, becoming one of the "burden" shares of VN-Index in the context of the market showing signs of slowing down.

This increase contributes significantly to the increase in net assets of Mr. Pham Nhat Vuong - Chairman of Vingroup Corporation.

According to an update from Forbes on the afternoon of May 8 (Vietnam time), Mr. Vuong's net assets have reached 9.1 billion USD. Thanks to that, he rose to 325th place in the list of the richest people in the world, up 15 places compared to the previous day.

One of the factors that creates a price increase for VIC shares is information about Vinpearl (VPL) - Vingroup's subsidiary - has set the listed date on HOSE. According to the notice from the Ho Chi Minh Stock Exchange, the reference price of VPL in the first trading session was 71,300 VND/share. With 1.8 billion circulating shares, Vinpearl is valued at approximately VND 130,000 billion (about 5 billion USD), reaching the group of 15 largest market capitalization companies on HOSE.

Thus, Vinpearl becomes the 4th enterprise in the ecosystem of billionaire Pham Nhat Vuong listed on HoSE, along with VIC, VRE and VHM. It is estimated that by May 7, 2025, the total capitalization of these 4 enterprises has reached about 736,478 billion VND, affirming Vingroup's stature and influence in the Vietnamese financial market.

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