On May 13, more than 1.79 billion VPL shares of Vinpearl JSC were officially traded on the HoSE with a reference price of VND 71,300/share on the first trading day. This stock immediately increased the margin (+/-20%) to 85,500 VND/share, with a ceiling price of nearly 1.6 million units while the selling side was empty at 10:30.
Vinpearl's market capitalization has also skyrocketed to more than VND150,000 billion, entering the top 10 most valuable names on the stock exchange. Vinpearl was formerly Hon Tre Tourism, Trade and Service Development Investment Company Limited, established in 2001 and renamed Vinpearl in 2006. Vinpearl listed HoSE in January 2008 but later canceled the listing in December 2011 to merge into Vingroup.
Vingroup is currently the largest shareholder of Vinpearl, owning more than 1.5 billion VPL shares, equivalent to 85.5% of charter capital. Temporarily calculated according to the valuation at the time of listing, the market value of these stocks reached nearly VND 125,000 billion.
Thus, billionaire Pham Nhat Vuong will have another billion-dollar enterprise on the stock exchange. According to the closing price on May 9, 2025, Vingroup's capitalization is VND 292,500 billion, Vinhomes is VND 255,480 billion, Vincom Retail is VND 56,800 billion and VEFAC is VND 37,800 billion.
All are companies with a capitalization of over 1 billion USD. In addition, VinFast Company ( stock code VFS) listed on Nasdaq (USA) currently has a capitalization of 8.7 billion USD (equivalent to more than 226,000 billion VND) as of May 9, 2025.
The total capitalization of "VinGroup" on the Vietnamese stock exchange reached nearly 774,000 billion VND. Including VinFast, the total capitalization of enterprises on the VGCL system reached nearly 1 million billion VND.
The total value of Vingroup's capital owned at companies on the Vietnam Stock Exchange is more than VND 342,700 billion, 17% higher than the current capitalization value of this Group.
In this morning's trading session, in contrast to the positive performance of VPL shares, other Vingroup "puppet" stocks such as VIC, VHM and VRE are under pressure to take profits after a period of quite good increases, so they are currently sinking in the red.
According to Vinpearl's recently published Financial Report, in the first quarter of 2025, the company recorded net revenue of VND 2,971 billion, up 76.6% over the same period. In particular, revenue from core business activities of enterprises, including hotel services, tourism, entertainment and related services, reached VND 2,437 billion, up 45%. Revenue from real estate activities is 535 billion VND. Profit after tax reached VND 90 billion.
In 2025, Vinpearl aims to have net revenue of about VND14,000 billion and profit after tax of about VND1,700 billion. With the achieved results, in the first quarter of the year, Vinpearl completed about 21% of the revenue plan and 5% of the annual profit plan.
In 2025, billionaire Pham Nhat Vuong's group set a target of net revenue from production and business activities of about VND300,000 billion, and expected profit after tax of VND10,000 billion, up 56% and 90% respectively compared to 2024. In the first quarter of the year, Vingroup implemented 28% of the revenue plan and 22,2% of the profit target after the first quarter of the year.
Specifically, Vingroup recorded total net revenue in the first quarter of 2025 of VND84,053 billion, up 287% over the same period in 2024 thanks to positive growth from the fields of industrial production, development and real estate business. This is a record revenue that Vingroup achieved in a quarter. Profit after tax reached VND 2,243 billion, up 68% over the same period in 2024.
