Vinpearl Joint Stock Company will be officially merged into Vincom Joint Stock Co in Vietnam’s largest merger and aquisition deal to date, according to the Vingroup.

Vice Chairman of Vingroup and Chairman of Vincom Management Board Le Khac Hiep said the merger aims to create stronger management, mobilise human resources and integrate business strategies.

The merged businesses will operate under the name Vietnam Investment Group or Vingroup.

Following the deal, Vinpearl shares, listed as VPL, will begin trading under Vincom shares, code VIC.
VIC and VPL currently rank 4 th and 5 th on the HCM Stock Exchange in terms of capitalisation with 40 trillion VND (1.9 billion USD) and 17.5 trillion VND (841.3 million USD)./.