Vingroup shares hit ceiling, billionaire Pham Nhat Vuong's assets rise to 7.4 billion USD

On March 24, Vingroup's VIC shares hit the ceiling price of VND56,700/share despite fluctuations during the trading session. The matched volume reached more than 11.9 million shares, but at the end of the session, there was still a surplus of buy orders when the sell side was empty. This is also the highest price of VIC shares since September 2023. The increase pushed Vingroup's market capitalization to VND215,600 billion, equivalent to USD8.5 billion.

Billionaire Pham Nhat Vuong's assets - Chairman of Vingroup Corporation increased to 7.4 billion USD

PHOTO: FORBES.COM SCREENSHOT

In addition, two stocks of Vingroup, VHM of Vinhomes Joint Stock Company and VRE of Vincom Retail Joint Stock Company, also traded actively and increased by 2-3% in the first session of the week. The increase of stocks related to Vingroup brought the assets of billionaire Pham Nhat Vuong - Chairman of Vingroup Corporation to continue to increase. Statistics of Forbes as of early afternoon of March 24 showed that billionaire Pham Nhat Vuong's assets reached 7.4 billion USD, an increase of 305 million USD after only one day. The head of Vingroup also increased by 25 places, to position 424 on the list of world USD billionaires voted by Forbes.

Recently, a series of related information about Vingroup has been announced, making investors pay more attention to the trio of stocks listed on HOSE. For example, Vingroup proposed to build a high-speed railway from the center of Ho Chi Minh City to Can Gio in the form of a public-private partnership, using the Build - Own - Operate contract (BOO contract); sponsor 1,000 billion for the national emergency foreign aid project; register to build 500,000 social housing units from now until 2030...

At the end of the session on March 24, the VN-Index increased by 8.44 points to 1,330.32 points and the HNX-Index increased by 0.18 points to 246 points. In the basket of blue-chip stocks belonging to VN30 on the HOSE floor, only Vingroup's VIC stock hit the ceiling. The number of stocks increasing and decreasing were equal. In particular, banking stocks were also strongly differentiated such as ACB, CTG, MBB, SHB, TCB, VCB, VPB still maintained green color, on the contrary, BID, HDB, STB, SSB, VIB, TPB codes closed in red... Market liquidity remained at a high level with a transaction value of more than 21,000 billion VND.

Source: https://thanhnien.vn/co-phieu-vingroup-tang-kich-tran-tai-san-ti-phu-pham-nhat-vuong-len-74-ti-usd-185250324145400212.htm