
Vietnam’s top billionaire pledges $185mn in Vingroup shares to newly-founded railway business
Economy 20:01 31/05/2025Pham Nhat Vuong, chairman of Vietnam’s leading private conglomerate Vingroup, has registered to transfer over 48 million Vingroup (VIC) shares—worth nearly VND4.8 trillion (US$185 million)—as capital contribution to VinSpeed, a newly established company aiming to invest in the country’s North-South high-speed railway project.