According to the resolution released on Friday, the group, founded by billionaire Pham Nhat Vuong, will be isssued and listed on the Vienna Stock Exchange (Vienna MTF) in Austria, and will not be offered or listed in Vietnam.

Vingroup plans to issue up to 1,625 bonds, each with a par value of $200,000, for proceeds of $325 million. The bonds will be non-convertible, non-warranted, and unsecured, and represent the direct repayment obligation of the issuer.

The issuance, denominated in U.S. dollars, is expected to take place in Q4/2025, subject to regulatory approval.

Venturing into senior healthcare

Also on Friday, Vingroup announced its participation in the establishment of Vin New Horizon JSC, with a charter capital of VND1,000 billion ($37.96 million).

Vingroup will hold a 65% stake in the company, which will focus on investment and management of senior healthcare and wellness centers.

Vin New Horizon will be built around six pillars - health, enjoyment, happiness, connection, longevity, and peace. Each wellness complex, covering 20-50 hectares, will integrate residential, healthcare, leisure, educational, and cultural amenities.

Entering the metallurgy industry

Previously, in early October, Vingroup announced the establishment of VinMetal Joint Stock Company for Manufacturing and Trading, officially entering the metallurgy industry and expanding its existing industrials and technology pillar.

The new company aims to meet the internal material needs of Vingroup's ecosystem while contributing to the development of Vietnam's heavy industry, Vingroup said in a press release.

Energy, infrastructure as new pillars

Vingroup also plans many renewable and LNG-fueld power projects via VinEnergo and infrastructure projects via VinSpeed. On September 26, the group commenced construction on the Hai Phong LNG-to-power plant, the largest of its kind in Vietnam.

VinEnergo has proposed direct electricity sale to end-users instead of via state utility Vietnam Electricity (EVN) currently. The company made the proposal while giving feedback to a draft parliamentary resolution aimed at removing obstacles to the development of national energy for the 2026-2030 period, which is compiled by the Ministry of Industry and Trade (MoIT).

In mid May, VinSpeed announced its registration to invest in Vietnam’s North-South high-speed railway project. The behemonth project will have an estimated investment of VND1,562 trillion ($60.24 billion), excluding costs related to compensation, relocation support, and resettlement for land clearance. It is scheduled for completion by 2030.

Nguyen Anh Tuan, general director of VinSpeed, on August 22 stated that the company's high-speed rail project linking downtown Ho Chi Minh City with the outlying former Can Gio district is set to start construction in November, with completion expected 30 months later.

Vingroup also proposed a VND373,841 billion ($14.19 billion) port and logistics center project in Hai Phong city, which will be the largest project of its kind in Vietnam.

The giant is a leading real estate developer in Vietnam. Subsidiary VinFast owns two electric vehicle plants in Hai Phong city and Ha Tinh province. Vingroup's operations also involve medical care, education, and technology-AI research, among others.

On the Ho Chi Minh Stock Exchange, VIC shares closed Friday at VND204,000 ($7.74) apiece, five times higher than at the beginning of the year. This gives Vingroup a market capitalization of over VND778 trillion ($29.53 billion), the biggest listed company by market cap in Vietnam.

Vingroup recently announced plans to seek written shareholder approval for a share issuance to increase charter capital from owner’s equity, along with some other matters. The record date for shareholder eligibility is October 30, 2025, and the consultation period is expected to take place in November 2025.