Billionaire Pham Nhat Vuong “plays big” to invest in Vinsmart



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Monday May 4, 2020 3:56 PM (GMT + 7)

The stock market just had a bleak session due to the psychology of investors affected by the slump in Asian stock markets.


At the close of the session, the VN index fell 6.64 points (0.86%) to 762.47 points; The HNX index decreased 1.05% to 105.71 points and the UPCom index decreased 0.69% to 51.86 points. Market liquidity was at an average level with the value of 3 floors at almost VND 3.5 billion.

Billionaire Pham Nhat Vuong

The VN index decreased by 6.64 points (0.86%) to 762.47 points.

The upside is that the net selling pressure of foreign investors was somewhat “cooled” when they only sold 120 billion dong in the entire market, the sale focused on stocks that did not make up a large proportion in VN30 like STB, SSI, PVD, NVL … Many big losers like BVH, FPT, HPG, MSN, VIC, VNM, VCB, VJC, PLX, SAB … have negatively affected the overall market. Some votes even hit the ground like FRT, POW.

Furthermore, many industries such as securities, real estate, construction, industrial zone and aviation also suffered from strong sales pressure and fell at the same time.

Banking, the petro won quite well in the morning, but in the end, only a few codes kept green like CTG, EIB, TCB, HDB, GAS and PVD.

During the session, VIC fell slightly along with the overall trend of the entire market. At the end of the session, VIC decreased by VND 100 / share (equivalent to 0.11%) to VND 91,800 / share.

In general, for 1 week, the VIC fell by 1.29% despite the VIC increasing 0.88% in 1 month.

Billionaire Pham Nhat Vuong’s Vingroup is known to be having many notable investing activities.

Billionaire Pham Nhat Vuong

Vsmart smartphones using the new design language are expected to launch in 2020.

Among them, the information that VinSmart Research and Production Company (Vingroup Group) officially announced a strategic cooperation agreement with the industrial design firm Pininfarina (Italy) stands out.

Immediately after the deal, the two sides will build a design language that is specific to the new generation of Vsmart smartphone brands, including body shape, display method, and operating language.

Pininfarina is one of the world’s leading design studios in the field of architectural and industrial design.

Pininfarina is the design partner of VinFast Lux SUV and VinFast Lux Sedan, contributing to the reputation of VinFast and Vingroup at the 2018 Paris Motor Show.

VinSmart has previously completed a cooperation agreement with the world’s leading names like Qualcomm, Google … to bring leading technologies and optimal product experience.

VinSmart currently has a relatively rapid growth rate, reaching 16.7% of the national smartphone market share in the last week of March after 15 months of product launch.

Source: http: //danviet.vn/kinh-te-the-gioi/ty-phu-pham-nhat-vuong-choi-lon-dau-tu-cho-vinsmart-1084991.h …

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