Latest news with #Vinhomes
Business Times
a day ago
- Business
- Business Times
Vietnam's VN-Index smashes record as stock market turns 25
[HO CHI MINH CITY] Vietnam's benchmark stock index hit a record high as investors grew bullish, with the better clarity surrounding the trade deal with the US and improved macroeconomic backdrop supporting the country's economic growth prospects this year. On Monday (Jul 28), the 25th anniversary of the Vietnamese stock exchange, the Vietnam Ho Chi Minh Stock Index (VN-Index) closed at 1,557.42, up 1.72 per cent. Lender VPBank and real estate developer Vinhomes were among the top contributors to the gains. This marks an all-time high for the benchmark VN-Index, surpassing its previous peak in early 2022. The milestone comes after six straight weeks of gains, highlighting sustained bullish sentiment in the market. 'The market may continue its upward momentum, supported by low valuations, strong sentiment, and solid fundamentals,' Petri Deryng, portfolio manager of PYN Elite Fund, wrote in a note last Friday. Deryng suggested that forecasts of the VN-Index reaching 1,800 points by Christmas could be plausible, though he cautioned that sharp pullbacks may occur due to profit-taking by local investors. The Vietnamese index has rallied by 23 per cent this year, well ahead of Asean peers. It has also rebounded by 42 per cent from the low on Apr 9, after US President Donald Trump announced his 'Liberation Day' tariffs. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up The South-east Asian nation's equities have maintained an upward momentum since early July, when a new trade agreement was announced that imposes a 20 per cent tariff on imports from Vietnam – substantially lower than the 46 per cent initially proposed. Although the details of the agreement are yet to be finalised, expectations are growing that global investors will further increase their exposure to Vietnamese equities . On Jul 9, JPMorgan Chase upgraded Vietnam to 'overweight' within Asean, reflecting a bullish outlook that the country's stock market will outperform its regional peers. Foreign investors have bought 9.4 trillion dong (S$460.8 million) of Vietnamese shares on a net basis so far in July, the second month of inflows this year. However, cumulative net buying remains negative, with 31.8 trillion dong withdrawn from local stocks in the year to date, following a net sale of 92.5 trillion dong last year. Rising optimism over a potential FTSE upgrade for Vietnam to emerging-market status this September, and a structural shift fuelled by pro-growth reforms are also contributing to the rally of local stocks, noted market watchers. Industrial heavyweight Gelex Group, conglomerate Vingroup, broker VNDirect Securities, and Vietnam Construction and Import-Export are among the top performers on the index this year, as investors bet on key beneficiaries of the country's strong growth. Despite external challenges, Vietnam's economic expansion accelerated to nearly 8 per cent year on year in the second quarter of 2025, with a major contribution from robust public spending and investment disbursement. The government is aiming for 8.3 to 8.5 per cent gross domestic product growth for the full year, from 7.1 per cent in 2024, creating a foundation for double-digit rates in the 2026-2030 period. Speaking at an event marking the 25th anniversary of the local bourse, Don Lam, co-founding partner and chief executive at VinaCapital Investment Management, emphasised that Vietnam's stock market should focus on several key objectives over the next five years: securing an upgrade to emerging status, enhancing financial literacy, encouraging the participation of institutional investors, and modernising trading infrastructure. 'Promoting domestic institutional investors is a key factor for sustainable market development, as they play a crucial role in the creation and roll-out of new financial products such as pension funds,' he added, noting that retail investors currently account for 85 per cent of daily trading volumes on the local bourse.
Business Times
2 days ago
- Business
- Business Times
Vietnam's VN-Index hits all-time high on 25-year anniversary of local bourse
[HO CHI MINH CITY] Vietnam's benchmark stock index hit a record high as investors grew bullish, with the better clarity surrounding the trade deal with the US and improved macroeconomic backdrop supporting the country's economic growth prospects this year. On Monday (Jul 28), the 25th anniversary of the Vietnamese stock market, the Vietnam Ho Chi Minh Stock Index (VN-Index) closed at 1,557.42, up 1.72 per cent. Lender VPBank and real estate developer Vinhomes were among the top contributors to the gains. This marks an all-time high for the benchmark VN-Index, surpassing its previous peak in early 2022. The milestone comes after six straight weeks of gains, highlighting sustained bullish sentiment in the market. 'The market may continue its upward momentum, supported by low valuations, strong sentiment, and solid fundamentals,' Petri Deryng, portfolio manager of PYN Elite Fund, wrote in a note last Friday. Deryng suggested that forecasts of the VN-Index reaching 1,800 points by Christmas could be plausible, though he cautioned that sharp pullbacks may occur due to profit-taking by local investors. The Vietnamese index has rallied by 23 per cent this year, well ahead of Asean peers. It has also rebounded by 42 per cent from the low on Apr 9, after US President Donald Trump announced his 'Liberation Day' tariffs. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up The South-east Asian nation's equities have maintained an upward momentum since early July, when a new trade agreement was announced that imposes a 20 per cent tariff on imports from Vietnam – substantially lower than the 46 per cent initially proposed. Although the details of the agreement are yet to be finalised, expectations are growing that global investors will further increase their exposure to Vietnamese equities . On Jul 9, JPMorgan Chase upgraded Vietnam to 'overweight' within Asean, reflecting a bullish outlook that the country's stock market will outperform its regional peers. Foreign investors have bought 9.4 trillion dong (S$460.8 million) of Vietnamese shares on a net basis so far in July, the second month of inflows this year. However, cumulative net buying remains negative, with 31.8 trillion dong withdrawn from local stocks in the year to date, following a net sale of 92.5 trillion dong last year. Rising optimism over a potential FTSE upgrade for Vietnam to emerging-market status this September, and a structural shift fuelled by pro-growth reforms are also contributing to the rally of local stocks, noted market watchers. Industrial heavyweight Gelex Group, conglomerate Vingroup, broker VNDirect Securities, and Vietnam Construction and Import-Export are among the top performers on the index this year, as investors bet on key beneficiaries of the country's strong growth. Despite external challenges, Vietnam's economic expansion accelerated to nearly 8 per cent year on year in the second quarter of 2025, with a major contribution from robust public spending and investment disbursement. The government is aiming for 8.3 to 8.5 per cent gross domestic product growth for the full year, from 7.1 per cent in 2024, creating a foundation for double-digit rates in the 2026-2030 period. Speaking at an event marking the 25th anniversary of Vietnam's stock market, Don Lam, co-founding partner and chief executive at VinaCapital Investment Management, emphasised that Vietnam's stock market should focus on several key objectives over the next five years: securing an upgrade to emerging status, enhancing financial literacy, encouraging the participation of institutional investors, and modernising trading infrastructure. 'Promoting domestic institutional investors is a key factor for sustainable market development, as they play a crucial role in the creation and roll-out of new financial products such as pension funds,' he added, noting that retail investors currently account for 85 per cent of daily trading volumes on the local bourse.
Web Release
15-07-2025
- Automotive
- Web Release
Vingroup: A Multi-Sector Vision for Innovation and Sustainable Growth
Vingroup has emerged as one of Vietnam's most dynamic and influential private economic groups, transforming sectors as diverse as technology, real estate, healthcare, education, and manufacturing. At the heart of its success lies an integrated ecosystem model that fosters powerful synergies between its companies, allowing the Group to not only drive innovation but also set ambitious standards for sustainable development across industries. Founded in 1993 in Ukraine, Vingroup now has a multi-billion-dollar valuation and operates more than a dozen subsidiaries across key industries. From real estate developments like Vinhomes, which operates 30 urban complexes across Vietnam, to cutting-edge tech ventures, the Group has continually reimagined what a modern Vietnamese corporation can achieve. Today, it stands as a beacon for emerging markets looking to balance rapid economic growth with environmental stewardship and technological leadership. Among its most remarkable ventures, VinFast has captured global attention as Vietnam's first major car company, as well as its first major electric vehicle (EV) manufacturer. From its cutting-edge manufacturing facilities in Hai Phong to its design and engineering collaborations spanning Europe, including partnerships with Siemens and Pininfarina, VinFast is a compelling example of Vingroup's philosophy in action: building high-tech, world-class products that accelerate the transition to a greener future. VinFast's recent expansion into the UAE underscores this commitment to sustainability and innovation. As the country intensifies its efforts to diversify its economy and invest in renewable energy and electric transportation, VinFast's arrival resonates with the UAE's own vision for sustainable development. VinFast has collaborated with Al Tayer Motors, a leading UAE automotive group with over 40 years of experience. For consumers and businesses in the Emirates, the brand offers an opportunity to embrace clean mobility solutions without compromising on performance or sophistication. More broadly, Vingroup's approach demonstrates how a multi-sector strategy can create lasting impact. For customers, this means a seamless experience across daily needs, from Vinhomes smart residential communities and Vinschool's bilingual education to Vinmec's accredited healthcare and VinFast's electric vehicles. These are part of a unified ecosystem supported by consistently enforced quality standards, ensuring reliable service. This integrated model not only improves quality of life but also strengthens Vingroup's capacity to address broader challenges such as sustainable living, accessible healthcare, and clean mobility. By leveraging expertise across sectors, the Group is well positioned to meet society's evolving needs while cultivating a culture of continuous improvement and forward thinking. As VinFast gains traction in the UAE and beyond, it becomes a symbol of Vingroup's larger mission: to pioneer not only products, but also ideas that redefine what is possible when innovation and sustainability are woven into the fabric of an enterprise. In doing so, Vingroup has become more than a corporate success story. In fact, it has become an example of how purposeful ambition can shape a more resilient, technologically advanced, and environmentally responsible future.
Bloomberg
08-07-2025
- Business
- Bloomberg
Vietnamese Stocks Rally as Tariff Tensions Shift Elsewhere
Vietnam's stocks rallied for a third consecutive day to a three-year high as trade tensions shifted to other Asian nations facing higher tariffs while waiting to strike a deal with the US. The VN Index rose 1% to the highest level since April 2022, with real estate firm Vinhomes JSC contributing most to the advance. The equities gauge for Asia Pacific stocks gained 0.3%, recovering roughly half of the previous day's losses after President Donald Trump announced bigger levies on nations that haven't agreed on a new tariff deal.
Fashion Value Chain
17-06-2025
- Automotive
- Fashion Value Chain
VinFast Leads Vingroup's Sustainable Growth Strategy in India
Vingroup is redefining how businesses integrate sustainability into their core operations, positioning it as a key differentiator in today's competitive market, especially among aging conglomerates in Southeast Asia. As part of its green mobility strategy, the group is now setting its sights on India, a land full of potential, with VinFast at the forefront, introducing premium electric vehicles to the market. Vingroup is now setting its sights on India with VinFast at the forefront, introducing premium electric vehicles to the market In recent years, the world has witnessed a growing trend: Consumers are willing to spend more on sustainably produced or sourced goods, even as cost-of-living and inflationary concerns weigh on purchasing decisions, according to studies. As technology advances, enabling consumers to connect with and learn more about companies, their expectations have shifted. Sustainability in business operations has emerged as a key factor in purchasing decisions, with consumers demanding more transparency and responsibility from the brands they support. Amid that context, Vingroup has built its name in Vietnam by putting sustainability into action, not just words. Across housing, tourism, and transport, the group takes a hands-on approach to green development. Vinhomes installs energy-saving systems in modern buildings. Vinpearl runs eco-resorts designed to blend into the landscape. VinFast fills a crucial gap in the local EV market, offering accessible, locally made options at a time when charging infrastructure was still limited. These moves are not isolated. They reflect Vingroup's larger strategy of working with local governments and partners to build complete ecosystems rather than offering standalone products or services. After years of refining this model in Vietnam, the group is now taking it overseas. VinFast, the most global part of the business, is leading the way. In India, the company has made a bold entry with a $2 billion investment in an EV plant in Tamil Nadu, which is set to open later this year. With an annual capacity of 150,000 vehicles, the facility is expected to employ thousands and serve as a regional production and export hub. The young car company has already introduced two premium all-electric SUV models, the VF 6 and VF 7, tailored as right-hand drive vehicles for India. These models are scheduled to reach customers ahead of the 2025 festival season, reflecting VinFast's intention to meet local preferences with modern, smart EVs. However, Vingroup, via VinFast, is not entering India to sell cars. It's working to build an entire electric vehicle ecosystem from the ground up, the same way it did in Vietnam. That means the introduction of EVs and the $2 billion EV plant in Tamil Nadu mark only the beginning. Behind the product launch is a broader plan: grow a network of sales and service centers, especially in Tier 2 and Tier 3 cities where EV adoption is picking up speed. Vingroup is also exploring ways to support this growth with reliable infrastructure. A potential partnership with charging solutions provider V-GREEN, which is owned by Vingroup Chairman Pham Nhat Vuong, could support a nationwide charging network tailored to India's needs. The company is thinking long-term. Vingroup wants to be part of India's shift toward cleaner transportation by offering not just vehicles, but a full support system around them. That's the model that worked in Vietnam. Now, the company is applying it in one of the world's fastest-growing EV markets.
