A 60% surge in its share prices over the last month has put Vingroup among the five largest companies in Southeast Asia by market cap.
Vietnam biggest company is now worth more than VND1.6 quadrillion ($60 billion), and only Singapore’s DBS Group, Thailand’s Delta Electronics, and Singapore’s OCBC, in that order, are larger. This is the first time a Vietnamese company has risen this high.
Vingroup’s share morning traded as VND218,700 as of Tuesday, a lifetime high after rising nearly 29% this year and more than 700% last year.
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VinFast cars seen at an event in HCMC. Photo by VnExpress/Pham Trung |
DBS, established in 1968 and one of Asia’s largest banks, has a market cap of $126.5 billion. Delta Electronics, a technology company is worth $100 billion.
Vingroup has surpassed some marquee East Asian names such as South Korea’s Kia, KB Financial Group, and Shinhan Financial Group, and Japan’s Nintendo, Panasonic, Sumitomo, and Daikin.
Vingroup is a conglomerate with interests in electric vehicles (under the VinFast brand), technology, real estate, infrastructure, energy, and steel. The company was founded in 1993 in Ukraine by Pham Nhat Vuong, now the richest man in Southeast Asia.
For 2026 the company targets revenues of VND485 trillion, nearly 46% higher than last year, and post-tax profits of VND35 trillion, nearly triple the 2025 figure.
