Vietnam’s largest listed company greenlights a landmark share issuance, new business pillars, and an aggressive industrial push amid soaring market valuation
Vingroup, Vietnam’s most valuable conglomerate, has secured overwhelming shareholder approval for a record-breaking capital increase and a major strategic expansion—cementing one of the most consequential corporate moves in its history.
According to the company, 170 shareholders representing 92.37% of total voting shares approved the plan to issue 3.853 billion new shares, lifting Vingroup’s charter capital to VND 77.335 trillion (over $3 billion). The vote also endorsed sweeping amendments to the group’s business scope, including new industrial and senior-care service verticals that represent the next chapter of the Vingroup empire.
The expansion comes at a moment of exceptional momentum: Vingroup’s market capitalization has surged 447% year-to-date, closing at VND 847.7 trillion, a historic peak. That rally has propelled founder Phạm Nhật Vượng’s net worth to $20.3 billion, placing him 119th on the global billionaire ranking. With a market value far exceeding Vietcombank, Vingroup is now the undisputed heavyweight of Vietnam’s stock exchange.
The newly approved share issuance, expected to take place in Q4, will finance two major strategic pillars. The first is VinMetal, Vingroup’s entry into heavy industry through steelmaking, metal processing, forging, and mechanical engineering—aimed at strengthening domestic supply chains and supporting the group’s manufacturing ecosystem. The second is Vin New Horizon, Vietnam’s first international-standard senior-living and retirement-care infrastructure network, marking Vingroup’s move into global-style longevity services.
These initiatives complement a year of rapid expansion across energy and infrastructure. Vingroup has broken ground on an LNG power plant in Hải Phòng, is preparing a wind power project in Hà Tĩnh, and plans to start construction on the Hà Nội–Quảng Ninh railway by year-end. The conglomerate is also proposing an ambitious sea-crossing route connecting Cần Giờ and Bà Rịa–Vũng Tàu.
Financially, Vingroup is accelerating. The group reported VND 169.6 trillion in consolidated revenue for the first nine months of 2025, up 34% year over year, and VND 7.565 trillion in after-tax profit—nearly double the same period in 2024. Total assets surpassed VND 1 quadrillion for the first time, a milestone that underscores the scale of its ambitions.
The historic vote signals one thing clearly: Vingroup is no longer just expanding—it is positioning itself to redefine Vietnam’s industrial future. But with massive capital deployment and bold new industries ahead, the market will be watching closely to see if the country’s biggest conglomerate can execute at global scale.
