Vincom Retail News Today

HANOI -- Vietnamese conglomerate Vingroup is selling off main businesses and planning stock market listings in a scramble to raise funds for its loss-

"I plan to give VinFast USD 1 billion from my own pocket," he said without specifying a time frame. Vuong is the chief executive of VinFast, in which he has a 97% stake in direct ownership and through companies he controls.

HANOI (Reuters) -Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 billion more from his own fortune into Nasdaq-listed electric vehicle (EV) maker VinFast, and was considering listings for other companies he controls. Speaking at a shareholders meeting of Vingroup, the conglomerate he chairs and of which he directly owns 18% of its shares, Vuong said he could further expand investments in loss-making VinFast after he and Vingroup had poured $11.4 billion into the ...

Vincom Retail recorded its highest ever revenue in 2023, and signed a pivotal M&A deal in March 2024 that reshaped its ownership structure.

‘Vincom Retail has no intention of altering its name’

The sentiment turned bullish after reports that the KRX system will be launched soon.

The downward trend in share prices persisted for four days, reflecting the prevailing pessimistic sentiment surrounding stocks within the securities, construction and real estate sectors.

By Francesco Guarascio, Phuong Nguyen and Miyoung Kim HANOI (Reuters) - As Vietnam's biggest conglomerate Vingroup doubles down on its electric vehicle business with ambitious global expansion plans, it faces growing financial risks stemming from l...

VinFast received $11.4b of capital injections from Vingroup, its affiliates and the group's billionaire founder Pham Nhat Vuong between 2017 and 2023.

Retailers in Vietnam are still determined to expand their operations, at a time when prominent groups reorganise their operations to cut costs.