Vingroup stock hits ceiling as subsidiary Vinpearl submits listing application
VIC of Vietnam’s largest private conglomerate Vingroup, hit its ceiling price at VND45,300 ($1.78) on Friday, after the Ho Chi Minh Stock Exchange (HoSE) announced it had received the listing application of Vingroup's hospitality arm Vinpearl (VPL).

A resort managed by Vinpearl. Photo courtesy of the company.
The company had registered nearly 1.8 billion shares, corresponding to a charter capital of VND17.93 trillion ($703 million). The advisory unit for the listing is SSI Securities.
Earlier, on November 15, 2024, the State Securities Commission (SSC) confirmed that Vinpearl had completed its registration as a public company.
In February 2025, Vinpearl issued more than 70 million shares at a price of VND71,350 ($2.8) apiece, thereby increasing its charter capital to its current level.
The raised capital was used to invest in Vinwonders Nha Trang in Khanh Hoa province, acquire 99.992% of Vinpearl Cua Hoi in Quang Nam province from Vingroup, pay principal and interest on loans, and supplement working capital.
On February 20, the Vietnam Securities Depository and Clearing Corporation (VSDC) announced the registration of nearly 1.8 billion VPL shares of Vinpearl under the book-entry system.
Vinpearl, one of the largest enterprises in tourism, hospitality, and entertainment in Vietnam, was founded in 2006. Currently, Vingroup holds 85.51% of its shares.
Vinpearl was once listed on the HoSE as VPL at the end of January 2008. However, 205.5 million VPL shares were delisted in December 2011 when Vinpearl merged with Vincom JSC, the predecessor of Vingroup, and VPL shares were exchanged for VIC shares.
In 2024, Vinpearl's total sales and service revenue reached VND14.39 trillion ($564.2 million), a 55% surge from the previous year. In its revenue structure, the hospitality, tourism, and entertainment services accounted for nearly 75%, equivalent to VND10.68 trillion, up 2.1% compared to the same period last year.
After deducting costs, the company's net profit reached VND2.55 trillion ($99.98 million), a significant rise from VND671 billion in 2023.
Following the HoSE move, all tickers in the Vingroup ecosystem including VIC, VHM of real estate developer Vinhomes, and VRE of Vincom Retail all showed positive movements on Friday.
VIC closed at its maximum price of VND45,300 ($1.78) per share, marking three consecutive gaining sessions. Liquidity was also impressive, with a trading volume of over 11.5 million shares and a trading value exceeding VND511.4 billion ($20.05 million).
This surge increased Vingroup's market capitalization to VND173.2 trillion ($6.79 billion), ranking eighth on the HoSE. Over the past week, VIC has risen nearly 10%.
Also in the VN30 basket, featuring the 30 largest stocks on the HoSE, VHM rose 3.1% and VRE expanded 2%. Along with VIC, VHM and VRE were among the top 10 tickers with the most positive impact on the Vietnamese stock market on Friday.
The rally of these stocks played a significant role in extending the upward momentum of the HoSE’s VN-Index, which increased nearly 8 points to 1,326, the highest level since May 2022.
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