VIC shares hit ceiling, billionaire Pham Nhat Vuong's family has more than 2,500 billion VND

(NLDO)- Billionaire Pham Nhat Vuong's assets increased to more than 31,300 billion VND after the ceiling price increase of VIC stock.

At the end of the trading session on March 7, VN-Index closed at 1,326 points, up nearly 8 points compared to the previous session.

Notably, Vingroup Corporation's VIC stock hit the ceiling price of VND45,300/share during the session. The remaining ceiling price sell order at the end of the session was still more than 130,000 units. This was the stock that contributed the most to the increase of the VN-Index, while most stocks narrowed their increase compared to the morning due to profit-taking pressure.

Two other stocks belonging to Vingroup members, VHM of Vinhomes Joint Stock Company and VRE of Vincom Retail Joint Stock Company, also increased slightly compared to yesterday's session, at VND44,950 and VND18,200/share, respectively.

With this strong and unexpected increase, the asset value of Vingroup Chairman Pham Nhat Vuong, who owns 691 million VIC shares, increased by more than VND2,000 billion, from VND29,263 billion to more than VND31,300 billion.

Similarly, the asset value of Ms. Pham Thu Huong, Mr. Vuong’s wife, increased by more than VND520 billion, pushing the value of 170 million VIC shares that Ms. Huong is holding to over VND7,728 billion. Mr. Vuong’s son, Pham Nhat Quan Anh, also increased the asset value by more than VND500 million, to VND6.8 billion.

Thus, after the ceiling price increase of VIC shares, the family of Vingroup Chairman Pham Nhat Vuong increased its asset value by more than 2,500 billion VND.

VIC shares have increased sharply recently.

The ceiling price increase of VIC shares took place at the same time that the Ho Chi Minh City Stock Exchange (HOSE) announced on March 3 that it had received the listing registration dossier of Vinpearl Joint Stock Company, a member of VinGroup.

There is also other positive information that Vingroup Corporation aims to start construction of the Can Gio coastal urban area with a scale of up to 2,870 hectares before April 30, 2025. This content was raised by Vingroup representative in a meeting with Ho Chi Minh City leaders on March 6.

In 2024, Vingroup Corporation recorded consolidated net revenue of VND 192,159 billion, an increase of 19% compared to 2023. This is the highest revenue in the group's 31-year history of operation, thanks to the strong handover of large real estate projects such as Vinhomes Royal Island and the outstanding growth of the electric vehicle segment.

Vingroup's pre-tax profit reached VND16,724 billion, up 21.5%, while its after-tax profit reached VND5,251 billion, up an astonishing 155.4% year-on-year. This result far exceeded the plan set at the 2024 Annual General Meeting of Shareholders.

Source: https://nld.com.vn/co-phieu-vic-tang-tran-gia-dinh-ti-phu-pham-nhat-vuong-co-them-hon-2500-ti-dong-196250307154932442.htm