Vingroup Corporation proposes to implement many large infrastructure and energy projects - Photo: Vnspeed
Mr. Pham Nhat Vuong - Chairman of Vingroup Corporation - has just announced his registration for trading to the Securities Commission and Ho Chi Minh City Stock Exchange (HoSE).
Accordingly, Mr. Vuong registered to transfer ownership of more than 87.5 million VIC shares, accounting for 2.26% of Vingroup's charter capital, to contribute to VinSpeed High-Speed Railway Investment and Development Joint Stock Company.
The ownership transfer transaction is expected to be carried out through the Vietnam Securities Depository and Clearing Corporation (VSDC) from June 24 to July 23, 2025. After the above transaction, Mr. Vuong will still hold more than 449.9 million VIC shares, accounting for 11.6% of Vingroup's charter capital.
Also in June, Mr. Vuong completed the transfer of ownership of more than 48.08 million VIC shares, equivalent to about 1.24% of the group's charter capital, and also contributed capital to VinSpeed Company.
Mr. Vuong is currently the chairman of Vingroup and the chairman of the board of directors and general director of VinSpeed. In addition to contributing to VinSpeed, Mr. Vuong also contributed capital in the form of shares to VinEnergo Energy Joint Stock Company.
In a report on June 18, Mr. Pham Nhat Vuong said he had completed the transfer of ownership of more than 70.6 million VIC shares to contribute more capital to VinEnergo. After the transfer, the total number of shares Mr. Vuong holds at VinEnergo is 105.6 million shares, accounting for 2.72% of Vingroup's charter capital.
On the stock market, VIC shares had a market price of VND89,400/unit at the close of trading on June 19. In the past quarter, VIC has increased by nearly 73%.
The increase in VIC's market value is one of the important driving forces that has pushed up the net worth of Mr. Pham Nhat Vuong. Currently, Mr. Vuong's total personal assets, according to Forbes data, are 10 billion USD.
Since the beginning of the year, Vingroup has proposed to implement many large infrastructure and energy projects. In particular, VinSpeed High-Speed Railway Investment and Development Joint Stock Company has officially registered to invest in the North-South high-speed railway project.
The project has an investment capital of about 1,562,000 billion VND (about 61.35 billion USD), not including compensation costs, relocation support, and resettlement for site clearance. VinSpeed said it will be responsible for arranging 20% of the total investment capital of the project, equivalent to 312,330 billion VND (about 12.27 billion USD).
For the remaining 80% (excluding compensation costs, relocation support, and resettlement for site clearance), VinSpeed proposed to borrow state capital without interest for 35 years from the date of disbursement.
Source: https://tuoitre.vn/ong-pham-nhat-vuong-se-gop-tiep-gan-88-trieu-co-phieu-vic-vao-vinspeed-20250619203124187.htm
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