At the end of the trading session on November 28, the market capitalization of VINGROUP Group - JSC (HOSE: VIC) exceeded the 1 million billion VND mark, becoming the first enterprise in the history of the Vietnamese stock market to reach this mark.
Accordingly, VIC closed the trading session on November 28 at VND 260,400/share and nearly VND 3.9 billion in outstanding shares, VIC's market capitalization exceeded VND 1.01 million billion, equivalent to more than 13% of the market capitalization of the entire HOSE floor in the session of November 28. The Group's capitalization exceeding the VND1 million billion mark is the result of a series of 10 consecutive sessions of increase from November 17 to now, the stock price has increased by more than 23%.
The increase of VIC shares is reinforced when the Group will issue nearly 3.9 billion bonus shares to existing shareholders at a ratio of 1:1 (for each VIC share held, shareholders have the right to receive 1 new share). The expected implementation time is in the fourth quarter of 2025, the specific time will be assigned to the Board of Directors for decision. New stocks are not subject to transfer restrictions. However, the right to receive issued shares will not be allowed to be transferred.
Another notable information recently is VIC's announcement of cooperation and support for Pomina Steel Joint Stock Company (UPCoM: POM) with a special financial package and priority partnership through the newly established metal smelting company Vin Metal Production and Trading Joint Stock Company.
Accordingly, Vingroup will lend Pomina mobilized capital for a maximum of 2 years with an interest rate of 0%. This preferential capital will help Pomina improve cash flow, restore the supply chain and ensure stable production activities, thereby gradually recovering financial and business indicators.
Notably, according to Forbes' update, at 5:10 p.m. on November 28 (Vietnam time), Mr. Pham Nhat Vuong - Chairman of Vingroup was one of the 5 billionaires in the world with the strongest increase in assets in the session.
After the trading session, Mr. Vuong had an additional 1.3 billion USD, officially entering the top 100 richest people in the world. Accordingly, Mr. Vuong has risen to 97th place in Forbes' rankings with assets on the exchange reaching 23.6 billion USD.
