Phạm Nhật Vượng has added 436 million USD (about 11,000 billion VND) to VinFast Vietnam by subscribing to non-convertible dividend preference shares, according to a filing with the SEC. The company said the capital injection supports its growth initiatives. Vietcap noted the funds could be used to acquire Ngọc Hồi Real Estate, a member of the joint venture behind the Olympic Ngọc Hồi project, which covers about 9,171 hectares with planned total investment of 925,700 billion VND. Holders of dividend preference shares may receive priority in higher dividends, in exchange for possibly restricted voting rights at shareholder meetings. By the end of the second quarter, Vượng had injected about 40,500 billion VND into VinFast, the parent company of VinFast Vietnam, and he is Vietnam's and Southeast Asia's richest person with assets over 37 billion USD.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ông Phạm Nhật Vượng góp thêm gần nửa tỷ USD vào VinFast Việt Nam
Read the original on VnExpress ↗
Keywords
VICelectric vehiclesPhạm Nhật Vượngreal estate
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VIC
▲ Likely positiveVinGroup
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 1,857,153 bn VND |
| P/E | 87.2 |
| P/B | 10.86 |
| Close on 10/29/2026 | 241.00 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Vingroup Woos Suppliers: 50% Land Rent Cut in First 3 Years, Shared Logistics Infrastructure and Stable Offtake Commitments
At a October 16 conference attended by nearly 1,000 enterprises, Vingroup and VinFast announced supplier incentives: a 50% land rent discount for the first 3 years and 30% for the following 5 years for partners building factories in Vinhomes and VinFast industrial parks, plus shared logistics infrastructure and deep-water ports. To ensure stable offtake, Vingroup will disclose production plans, provide rolling 12 to 24 month volume forecasts and sign long-term framework agreements. Suppliers will also receive technical support, quality management upgrades, sample testing, and introductions to foreign partners for cooperation or technology transfer. Vingroup also said suppliers may get opportunities to supply VinFast plants in India and Indonesia.
- Vingroup, VinFast Roll Out Unprecedented Incentives for Suppliers in the Group's Supply Chain
At the 2026 Conference on Enhancing Localization and Developing the Supplier System, attended by nearly 1,000 businesses, Vingroup unveiled special support policies for suppliers. Partners locating factories in Vinhomes and VinFast industrial parks will get a 50% land rent discount for the first three years and 30% for the following five, plus access to shared logistics and deep-water port infrastructure. Vingroup pledges stable demand by publishing production plans, providing rolling 12–24 month output forecasts and signing long-term framework agreements. Suppliers will also receive technical support, quality management upgrades, introductions to foreign partners, and opportunities to supply VinFast plants in India and Indonesia.
- Billionaire Pham Nhat Vuong “drives” Vietnam’s stock market among Asia’s top gainers
The VN-Index gained 46.7 points (+2.76%) to 1,738.67 points, its strongest rise in over half a year, with the Vingroup group contributing nearly 34 points; VIC, VHM and VRE hit the daily limit-up. HoSE liquidity improved markedly, with trading volume above 800 million units and matched value of VND 16,600 billion. Foreign investors net bought VND 193 billion on October 21, ending a streak of 20 consecutive sessions of net selling on HoSE. According to BSC, the 2026 profit growth forecast for the surveyed listed companies was raised to 26%, and 2027 is expected at 12%; BSC sees this as an appropriate time to allocate to stocks for medium- and long-term goals.
- Vietnam's Richest Engineer Loses Over $1 Billion in Just Hours
According to Forbes data as of October 19, Vietnamese billionaire Pham Nhat Vuong lost about $1.3 billion in just hours but remains Vietnam's richest person with $32.5 billion, ranking 68th globally. The main driver was a drop of more than 3.7% in Vingroup (VIC) shares to 207,000 dong, their lowest in nearly two months and about 19% below their September 4 peak. His wealth is mainly tied to Vingroup, VinFast (VFS) and LPBank (LPB) shares: he directly holds 703.8 million VIC shares (9.04%), and his investment firm VIG owns 32.5% of Vingroup and 32.9% of VinFast. Vingroup's market capitalization of 1.6 quadrillion dong keeps it the most valuable company on Vietnam's stock market, and TIME ranked it 340th in its World's Best Companies 2026 list, up nearly 500 places from 2025 and the only Vietnamese company on the list.
- Closer look at the “giant machine” set to appear at billionaire Phạm Nhật Vượng’s steel complex
On 15/10/2026, VinMetal, part of Vingroup, signed a contract with Italy's Danieli to supply core equipment for the rail and section steel rolling lines at the VinMetal Hà Tĩnh Iron and Steel Complex, with capacity of over 700,000 tonnes per year. Under the deal, Danieli will design, manufacture, supply and commission the equipment. The company has over 100 years of experience and has delivered more than 1,000 melting, casting and rolling projects worldwide, including for Voestalpine in Austria. The lines are aimed at supplying high-speed rail, industrial works, bridges, ports and logistics projects, helping Vietnam secure domestic supply and reduce reliance on imports. The Vũng Áng complex is designed for about 6 million tonnes per year in phase 1, with plans to expand to 20 million tonnes per year in phase 2.
- Billionaire Phạm Nhật Vượng Makes Big Move in US with Major Promotions for Green SM Customers
Green SM, the all-electric taxi brand of billionaire Phạm Nhật Vượng, has launched its service in Los Angeles, its first presence in North America and its 9th market worldwide. The service runs entirely on VinFast VF 8 EVs and can be booked through the app, hotline or by hailing a car on the street, starting 13/10 local time. New customers get 50% off fares, up to USD 12 per ride, for their first 5 trips, plus free Green Pass membership with 10 monthly codes giving 30% off, up to USD 10 each. Founded in 2023, Green SM says it has completed about 850 million trips covering nearly 6 billion km, cutting over 800,000 tonnes of CO₂ emissions. It plans to recruit and train local drivers in the US as it builds out its operations.
Related markets
Latest news
- Alphabet's market value evaporates nearly $500 billion in one day
Alphabet, Google's parent company, fell nearly 13% in Thursday's US session, its steepest decline since Google listed in 2004, wiping out nearly $500 billion in market value. Its Q3 report showed negative free cash flow of $9.07 billion, far below analysts' forecast of -$2.7 billion, while search advertising grew 12% to $63.35 billion but fell short of expectations, and Alphabet kept its full-year capex plan at $195-205 billion. Chief Business Officer Philipp Schindler said the search business was partly affected by lower monetisation in AI Mode, and the company is expanding ads in AI Overviews and AI Mode. Analyst Scott Devitt of Rosenblatt Securities said Google's dominant search share could be an advantage, while the article notes Gemini has lagged rivals amid competition from ChatGPT and Claude. The Nasdaq Composite fell 1.4% to 26,184.73 points, and the PCE inflation gauge rose to 3.6% in September, overshadowing solid Q3 GDP data.
- 2026-10-30 - Interim results of the Swiss National Bank as at 30 September 2026
The Swiss National Bank (SNB) reports a profit of CHF 44.2 billion for the first three quarters of 2026, before allocation to provisions for currency reserves. Most of this came from foreign currency positions, which earned CHF 43.3 billion, including CHF 29.8 billion from exchange rate gains, while gold holdings recorded a valuation gain of CHF 1.2 billion. Swiss franc positions contributed CHF 0.1 billion, mainly from remuneration of sight deposit account balances and liquidity-absorbing operations. The SNB noted its financial result depends heavily on gold, foreign exchange and capital market movements, so only provisional conclusions are possible for the annual result, and the allocation to currency reserve provisions for the year will be determined at year-end.
- Unprecedented: Vinhomes posts record 9-month profit of over VND 75,000 billion, exceeding 25% of full-year plan
Vinhomes (VHM) released its consolidated Q3/2026 financial statements under Vietnamese Accounting Standards (VAS), reporting nine-month profit after tax of VND 75,059 billion, up 390% year on year and already above its full-year plan. Net revenue for the nine months reached VND 202,586 billion, up 302%; in Q3 alone, profit after tax was VND 23,021 billion, up 419%, and gross margin was 60.3%. Nine-month sales bookings reached VND 219.6 trillion, up 35%, while pre-sold but undelivered sales at the end of Q3 stood at VND 185.6 trillion. Total assets as of 30/09/2026 were VND 1,339,199 billion, with a debt-to-total-assets ratio of 0.18 and an interest coverage ratio of 11.3 times. A Vinhomes–SGC joint venture signed a turnkey contract on 15/10 to build five Hanoi Metro lines, with total investment of about VND 900 trillion.
- A pharma giant is moving past one patent cliff — but another is already looming
Novartis says remibrutinib, its experimental multiple sclerosis (MS) drug, could generate more than $4 billion in peak annual sales, even though Barclays recently cut its peak sales forecast after late-stage trials showed it reduced relapses by less than analysts expected. The drug belongs to the BTK inhibitor class and aims to regulate immune cell activity rather than eliminate cells, unlike Kesimpta, an anti-CD20 antibody. University of Pennsylvania MS specialist Amit Bar-Or said its safety profile looks promising but it is unlikely to control relapses as effectively as Kesimpta, and its biggest market-expansion opportunity could come from trials in progressive MS, with a readout expected in 2031. Morningstar analyst Jay Lee said the $4 billion-plus forecast is 'within the realm of possibility' but not de-risked. Meanwhile, the market is already looking to the next patent cliff around 2032 for Kisqali and Kesimpta, whose expiries alone represent $18 billion in peak sales.
- Strategy eyes more Bitcoin buys as Saylor touts $30B credit capacity
Strategy, a bitcoin treasury company, plans to fund more bitcoin purchases mainly through preferred-share offerings, and executive chairman Michael Saylor said it could create up to $30 billion in digital credit using its existing balance sheet without issuing new common stock or relying on further bitcoin price gains. Saylor described the possible amounts as $10 billion, $20 billion or $30 billion, and the article notes the $30 billion figure is a possible capacity rather than an announced fundraising target. CEO Phong Le said issuing digital credit would be the main way to acquire bitcoin, and that raising $1 billion to $2 billion a month through STRC could leave some proceeds in dollar reserves with the rest spent on bitcoin. In the third quarter, Strategy reported $19.53 billion in net income, driven largely by a $20.91 billion gain in the value of its digital assets, and its bitcoin holdings reached 848,517 BTC as of Oct. 25, up 26% year to date.
- North Korea’s TraderTraitor linked to $6.3B Binance hack
Crypto investigators TRM Labs, Chainalysis and onchain investigator ZachXBT have linked the $6.3 billion Binance hack to North Korea’s TraderTraitor group. TRM Labs said it attributed the attack with “high confidence,” while ZachXBT said funds stolen from Binance and the earlier Bitget exploit were commingled at the same address after moving through THORChain, indicating the same actor is likely behind both. Chainalysis co-founder and CEO Jonathan Levin put the amount stolen at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact, and said the group was likely responsible. The article also notes US authorities have tied TraderTraitor to major thefts, including the February 2025 Bybit hack and the more than $300 million DMM Bitcoin theft in May 2024, and that the FBI says the group targets employees through social engineering.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.