Vingroup surpasses Vietcombank to become the company with the largest capitalization on the stock exchange.

Vingroup's capitalization reached more than 551,000 billion VND, surpassing Vietcombank to become the largest enterprise on the stock exchange.

Image of VinFast factory in Cat Hai special economic zone, Hai Phong. Photo: Minh Tuan.

At the end of the trading session on September 18, Vingroup 's VIC stock increased by 1.33% to VND145,000 per share, despite the VN-Index falling nearly 6 points. Since the beginning of the year, the market price of this code has increased by 257%. Other stocks in the Vingroup group such as VHM, VRE or VEF also went against the downward trend of the market today.

The group's capitalization reached nearly VND558,700 billion, an increase of more than VND400,000 billion after 9 months. With this level, Vingroup surpassed Vietcombank to become the most valuable enterprise on the Vietnamese stock exchange.

Previously, billionaire Pham Nhat Vuong's group held this position during the 2017-2019 period, but was then surpassed by Vietcombank from 2020.

Along with the positive performance of Vingroup shares, Mr. Pham Nhat Vuong's assets have increased by nearly 10 billion USD since the beginning of the year, reaching 14.2 billion USD, according to an update from Forbes . This businessman is currently ranked 186th among the richest people on the planet, entering the top 200 for the first time.

Mr. Pham Nhat Vuong, born in 1968, is the Chairman of Vingroup and General Director of VinFast. This billionaire only directly owns 450 million VIC shares, equivalent to 11.6% of charter capital. However, he and his family members still hold controlling power at Vingroup, with a total holding ratio of more than 65%. In addition, he also owns nearly half of VinFast's capital through two private companies.

Explaining the increase in Vingroup shares, Mr. Nguyen The Minh, Director of Research and Development for Individual Clients, Yuanta Securities Vietnam, said that the market has been continuously rising since the beginning of the year, helping billionaire Pham Nhat Vuong's business benefit. Along with that, this business attracts investors thanks to its own story. According to Mr. Minh, real estate sectors such as Vinhomes and Vincom Retail are doing well, "compensating" for the electric vehicle manufacturing sector, contributing to improving the company's financial situation.

According to Vingroup's semi-annual financial report for 2025, real estate brought in VND70,524 billion in revenue for the company, an increase of 167% over the same period last year. Gross profit reached VND27,604 billion, nearly 3 times higher than last year. Vinhomes - the largest real estate brand in the group's ecosystem - had a profit after tax of nearly VND11,000 billion in the first 6 months.

VinFast - the electric car company of Vingroup - accumulated losses of 305,780 billion VND, causing negative equity of 100,232 billion VND, as of June this year. However, Mr. Pham Nhat Vuong has committed to sponsoring this electric car company "until the money runs out". Also according to Vingroup's financial report, this billionaire has sponsored VinFast with an additional 23,000 billion VND in the first half of the year.

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Source: https://baohaiphong.vn/vingroup-vuot-vietcombank-thanh-doanh-nghiep-von-hoa-lon-nhat-san-chung-khoan-521148.html