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Billionaire Pham Nhat Vuong is about to IPO a billion-dollar blockbuster

VN (according to Vietnamnet) January 16, 2025 08:18

Billionaire Pham Nhat Vuong is about to IPO a billion-dollar enterprise. Many other Vietnamese tycoons have also made moves to raise capital and list a series of 'blockbusters', thereby helping the market quench its thirst for quality goods.

Vinpear VIC.gif
Many large-scale enterprise shares will be listed on the stock exchange in the next 3 years.

In recent years, the Vietnamese stock market has witnessed a strong net withdrawal of foreign capital, in the context of high interest rates in the US, the depreciation of the VND against the USD, the lack of room at leading enterprises as well as the absence of newly listed large stocks.

However, many forecasts say that foreign capital will flow strongly in the coming years when Vietnam's stock market is upgraded, there are more good goods and the USD/VND exchange rate is more stable. The US is entering a cycle of interest rate cuts.

According to Dragon Capital, a wave of initial public offerings (IPOs) could appear in 2027-2028, with a scale of tens of billions of USD.

In the immediate future, investors can see big names such as: Vinpearl of billionaire Pham Nhat Vuong, Thaco of billionaire Tran Ba ​​Duong, Bach Hoa Xanh of tycoon Nguyen Duc Tai, Long Chau of FPT Mr. Truong Gia Binh, Golden Gate...

Blockbuster IPOs

Information from the Board of Directors of Vinpearl Joint Stock Company recently showed that Vinpearl - a subsidiary of Vingroup Corporation (VIC) is expected to issue initial public offering (IPO) shares in the first quarter of 2025 to raise more than VND 5,000 billion.

Accordingly, Vinpearl will offer more than 70 million shares at a ratio of 1,000:40,673 to existing shareholders at a price of VND71,350/share from January 17 to February 5, raising about VND5,000 billion and charter capital is expected to increase to more than VND17,700 billion.

The proceeds will be used by Vinpearl to contribute capital to Vinwonders Nha Trang Company, receive shares of some projects from Vingroup Corporation chaired by billionaire Pham Nhat Vuong, and pay interest and principal on loans and supplement working capital.

In November 2024, the Securities Commission confirmed the completion of Vinpearl's public company registration. Vinpearl is currently a subsidiary of Vingroup, with an ownership ratio of 85.55%. This is a large-scale enterprise when Vinpearl's equity capital by mid-2024 reached more than VND 31,500 billion. Total assets reached about VND 67,700 billion (about USD 2.7 billion).

Vinpearl is a major brand in services and resort tourism in Vietnam with dozens of Vinpearl, VinWonders, Vinpearl Golf... facilities in locations such as: Phu Quoc, Nha Trang, Hoi An, Quang Ninh...

Vinpearl is expected to be a quality stock for the stock market in the coming time. Previously (in 2008), Vinpearl was listed on the Ho Chi Minh City Stock Exchange (HoSE) with the code VPL and attracted the attention of investors. By the end of 2011, Vinpearl merged with Vincom to form Vingroup.

Add a series of quality stocks to the stock market

According to Dragon Capital, the stock market may witness the next wave of IPOs in 2027 - 2028, with a scale of up to tens of billions of USD, with big names such as Thaco Auto, Bach Hoa Xanh, Golden Gate, Highlands Coffee, TCBS, Misa, VNPay, Viettel IDC, Long Chau Pharmacy, Datviet Vac, Galaxy media...

Besides, many large enterprises have moved their floors from UPCoM to HoSE such as ACV, BSR, MCH...

The appearance of more large enterprises will help the stock market become more attractive, attracting capital flows not only domestically but also internationally, especially when Vietnamese securities are upgraded, expected to be in September 2025 or 2026.

To date, Vietnam has achieved 7/9 important criteria of FTSE Russell and one important criterion that is close to being achieved is the removal of the requirement for foreign investors to deposit deposits before trading (prefunding).

VPBankS experts once estimated that billions of USD would flow into Vietnamese stocks as soon as the upgrade occurred.

At that time, cash flow is expected to be directed towards leading stocks in the market such as Vinhomes, Vingroup, Hoa Phat (HPG), Masan (MSN), Vietcombank (VCB), Vinamilk (VNM)... along with new faces as mentioned above.

Dragon Capital also forecasts that Vietnam's economy could break out in 2025 with a high growth rate of up to 9%. Profit growth of listed companies is also forecasted to be positive, possibly up to 25%.

All these factors will help the stock market grow strongly in 2025 and the following years. Vietnam is expected to enter a new growth cycle in the next 5 years. Foreign capital will flow into large enterprises. When good goods are listed on the stock exchange, it will help investors make a lot of money.

Previously, according to Dragon Capital, the Vietnamese stock market witnessed an IPO wave in 2006 - 2007, with hundreds of new stocks listed at that time, including many famous stocks such as Vingroup, FPT, Binh Minh Plastics (BMP), PV Drilling (PVD), Bao Viet Securities (BVS), Hau Giang Pharmaceutical (DHG), Sacombank (STB), SSI Securities (SSI)... This wave at that time helped the VN-Index reach the peak of 1,200 points for the first time.

VN (according to Vietnamnet)
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Billionaire Pham Nhat Vuong is about to IPO a billion-dollar blockbuster