As of January 22nd, according to Forbes, Vietnam has 5 USD billionaires with a combined net worth of $12.2 billion. Mr. Nguyen Dang Quang is no longer on this list. This is not the first time Mr. Quang has dropped out of the Forbes list.
Previously, at the end of 2024, Vietnam still had 6 USD billionaires with a total net worth of $13.4 billion, a slight increase compared to $13.2 billion at the beginning of the year.
According to Forbes, as of January 22nd, Pham Nhat Vuong, Chairman of Vingroup (VIC) and CEO of VinFast (VFS), had a net worth of $4.1 billion, unchanged from the end of the previous year, but his ranking dropped from 833rd to 839th among the world's billionaires.
At the beginning of 2024, Mr. Vuong's net worth was $4.6 billion.
Most Vietnamese billionaires have seen their wealth decrease in just the past three weeks. The net worth of VietJet (VJC) Chairwoman Nguyen Thi Phuong Thao fell from $2.9 billion to $2.8 billion.
The net worth of Hoa Phat Group (HPG) Chairman Tran Dinh Long decreased from $2.4 billion to $2.3 billion.
Techcombank (TCB) Chairman Ho Hung Anh also noted a decrease in assets from $1.8 billion to $1.7 billion.
Meanwhile, Mr. Tran Ba Duong (Thaco) and his family recorded an increase in assets of $100 million, bringing their total to $1.3 billion.
Masan Group (MSN) Chairman Nguyen Dang Quang's net worth has fallen below $1 billion, and he is no longer on Forbes' list of USD billionaires.
Thus, Mr. Pham Nhat Vuong remains the richest Vietnamese person on Forbes' list, both in terms of wealth derived from shares listed on the Vietnamese stock market. Mr. Vuong has held the number one position for the 15th consecutive year, since 2010.
The reason many Vietnamese billionaires' assets have dwindled is due to the stock market's recent decline in the past few weeks, with liquidity dropping to very low levels. This is a common occurrence before the Lunar New Year.
At the close of trading on January 22, the VN-Index fell further by 3.56 points to 1,242.53 points, with trading volume exceeding 12,000 billion VND on the Ho Chi Minh Stock Exchange (HoSE).
The series of key stocks continued to face selling pressure for several sessions, which was a factor causing the VN-Index to retreat to near 1,240 points.
The stock market is experiencing a gloomy sentiment ahead of the Lunar New Year holiday. Previously, in its Outlook 2025 report, SHS Securities suggested that the Vietnamese stock market could decline by 15-20% before stabilizing again in the medium and long term. It projected that in 2025, the VN-Index would increase by 11-12% to 1,400-1,420 points.
With this trend, the wealth of Vietnamese billionaires and tycoons will increase. According to SHS, the sectors with positive prospects are banking, real estate, industrial real estate, logistics, financial services, and telecommunications technology.
Many real estate businesses are still struggling with debt despite periods of booming real estate markets. This is the reason why the assets of many tycoons have declined, as in the case of Mr. Bui Thanh Nhon (Novaland), Mr. Nguyen Van Dat (PDR), etc.
The banking sector has a more positive outlook for 2025 after a breakthrough year. VinaCapital forecasts that bank stocks will continue to rise thanks to stronger profit growth.
Many Vietnamese entrepreneurs involved in the banking sector, such as Mr. Ho Hung Anh, Mr. Nguyen Dang Quang, Mr. Duong Cong Minh, Mr. Do Minh Phu of Doji, Mr. Do Quang Hien of T&T, Ms. Nguyen Thi Nga of BRG, etc., will benefit.
Manh HaSource: https://baohaiduong.vn/1-ty-phu-usd-viet-roi-danh-list-ong-pham-nhat-vuong-15-years-in-consecutive-holding-position-number-1-403798.html
![[Photo] Prime Minister Pham Minh Chinh holds a phone call with the CEO of Russia's Rosatom Corporation.](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F11%2F1765464552365_dsc-5295-jpg.webp&w=3840&q=75)
Comment (0)