Vingroup chairman Pham Nhat Vuong. Photo courtesy of Vingroup
Vietnam’s largest private conglomerate Vingroup has announced a plan of issuing US$325 million worth of five-year international bonds with a coupon rate of 5.5% per year.
The bonds, denominated in U.S. dollars, will be non-convertible, non-warranted, and unsecured, and represent the direct repayment obligation of the issuer.
According to an audited semi-annual financial report for 2025, Vingroup, led by Vietnam’s richest man, Pham Nhat Vuong, held VND279 trillion (US$10.6 billion) in financial debt, which is 1.7 times its shareholders’ equity.
In addition to raising capital through bonds, the conglomerate also plans to issue additional shares in November. According to Vingroup, this capital increase will help increase liquidity for VIC shares when the price drops.
Vingroup on Friday announced its participation in the establishment of Vin New Horizon JSC, with a charter capital of VND1 trillion.
Vingroup will hold a 65% stake in the company, which will focus on investment and management of senior healthcare and wellness centers.
On the Ho Chi Minh Stock Exchange, VIC shares closed Friday at VND204,000 ($7.74), up 403% since the start of the year.
