According to the Ho Chi Minh City Stock Exchange (HOSE), Mr. Pham Nhat Quan Anh, son of billionaire Pham Nhat Vuong, Chairman of Vingroup Corporation (VIC), registered to buy 150,000 shares under the employee stock option program (ESOP).

Specifically, Mr. Pham Nhat Quan Anh will buy 150,000 VIC shares, expected on December 21. Mr. Pham Nhat Quan Anh currently does not hold any position at Vingroup, and does not own any shares of this group. According to the announcement, the transaction is a case where the person making the transaction is a related person of an insider.

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Mr. Pham Nhat Quan Anh currently does not hold any position at Vingroup.

In another announcement, Ms. Pham Thu Huong, Vice Chairwoman of the Board of Directors (Mr. Vuong's wife) also registered to buy 672,000 shares under the ESOP program.

According to Vingroup's management report, Mr. Vuong's three children, Pham Nhat Quan Anh, Pham Nhat Minh Hoang and Pham Nhat Minh Anh, as well as daughter-in-law Bui Lan Anh, do not hold any VIC shares.

Several other senior leaders of Vingroup also registered to buy ESOP shares in this round. CEO Pham Viet Quang registered to buy 672,000 shares. Ms. Duong Thi Hoan, Deputy General Director of Vingroup registered to buy 672,000 shares. Ms. Mai Huong Noi, Deputy General Director registered to buy 150,000 shares.

Previously, Vingroup announced the issuance of 9.88 million ESOP shares at a price of VND10,000/share to leaders and key managers of the group and its subsidiaries to recognize the contributions and dedication of leaders to the development of the group; encourage and motivate; enhance the role, responsibility and engagement, and retain key, high-quality personnel.

The shares will be restricted from transfer within one year from the date of completion of the issuance. The time to receive money to buy shares is within 10 days, from December 11 to December 21.

As of December 15, VIC shares were priced at VND43,700/share, down nearly 19% compared to the beginning of the year.

VinFast worth nearly 39 billion USD, sold 7,100 cars to billionaire Pham Nhat Vuong's taxi company . VinFast shares fell in price at the beginning of the trading session on September 14 on the Nasdaq stock exchange. Capitalization fell below 38.8 billion USD, ranking 14th in the world's car industry.