Vingroup, led by billionaire Phạm Nhật Vượng, plans to seek shareholder approval for further business expansion by conducting a written consultation, with registration closing on August 8. This follows shareholder approval in April to add 13 new sectors, including maritime transport, cargo handling, electricity transmission, and online retail. The group has recently pushed into infrastructure and energy. Its subsidiary VinSpeed, with VNĐ15 trillion (US$574 million) in capital, has submitted proposals to develop railway lines, notably a high-speed North–South railway projected at VNĐ1.7 quadrillion (US$67 billion). Additionally, Vượng and his sons launched VinEnergo in March, a company with VNĐ2 trillion in capital focused on electricity and electrical equipment. For 2025, Vingroup targets VNĐ300 trillion in revenue and VNĐ10 trillion in profit after tax—up 56% and 90% from 2024, respectively. Its strategy continues to center on three pillars: manufacturing (VinFast), real estate (Vinhomes), and tourism (Vinpearl). VinFast plans to double deliveries, expand its distribution and service networks, and grow its Green mobility services. Vinhomes aims to develop urban areas with strong infrastructure links, while Vinpearl focuses on global expansion, MICE tourism, and online sales. Vingroup shares (VIC) have surged, closing at VNĐ114,100, tripling in value this year and making it Vietnam’s second-largest listed firm. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News