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How did Mr. Vuong "transform" VIC shares to contribute capital to his subsidiaries? 💰
Instead of directly injecting cash, Mr. Pham Nhat Vuong chose a method rarely seen in Vietnam: using VIC shares as "capital" to build subsidiaries to serve his long-term ambitions.

Upside GM
@gm_upside
01-05
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Hòa Phát mất 20.000 tỷ vốn hóa từ khi ông Phạm Nhật Vượng tuyên bố làm thép, rớt luôn khỏi top 10 sàn chứng khoán 🚨
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The essence of this "transformation" is not to create artificial value, but to convert VIC's market capitalization into legal equity for massive infrastructure projects.
Thanks to this, VinSpeed is eligible to be the investor, raise debt, negotiate PPPs, and implement projects such as the Ben Thanh – Can Gio high-speed railway (preliminary total investment of VND 102,430 billion, target for operation in Q4/2028) or the Hanoi – Quang Ninh line plan.

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