Vietnamese billionaires continue to get richer

The assets of Vietnamese billionaires increased by more than 2 billion USD in one month, Mr. Pham Nhat Vuong continues to be the richest person.

According to Forbes ' ranking, Vietnam has 5 billionaires with total assets of 23.3 billion USD, an increase of more than 2 billion USD since the beginning of July. Those on the list include Vingroup Chairman Pham Nhat Vuong, Vietjet Chairman Nguyen Thi Phuong Thao, Hoa Phat Chairman Tran Dinh Long; Mr. Ho Hung Anh - Chairman of Techcombank and Mr. Nguyen Dang Quang - Chairman of Masan .

5 Vietnamese billionaires in the world list. Graphics: Khanh Hoang

Vietcombank is currently the enterprise with the largest capitalization on the Vietnamese stock market, with 573,200 billion VND (about 21.6 billion USD). Thus, the assets of the 5 billionaires are larger than the capitalization of Vietcombank.

The position of the richest person in Vietnam still belongs to Mr. Pham Nhat Vuong with assets of 13 billion USD, an increase of 1.1 billion USD since the beginning of August and nearly three times higher than the end of last year. Mr. Vuong is currently ranked 210th in the world.

Mr. Pham Nhat Vuong, born in 1968, is currently the Chairman of Vingroup and General Director of VinFast. The assets of the richest man in Vietnam increased thanks to the positive performance of VIC shares. At the end of the trading session on August 29, the market price of this code reached 128,300 VND per share, up 22.5% after one month.

Mr. Vuong directly owns 450 million VIC shares, equivalent to 11.6% of charter capital. However, he and his family members hold controlling power at Vingroup, with a total ownership ratio of more than 65%. In addition, he also owns nearly half of VinFast's capital through two separate companies.

In addition to Mr. Pham Nhat Vuong, the remaining 4 billionaires also got richer. Ms. Nguyen Thi Phuong Thao had an additional 500 million USD, raising her assets to 3.7 billion USD, ranking 1,061st in the world. Ms. Thao's assets increased thanks to the positive performance of Vietjet's VJC and HBD (HDBank) stocks. These two stocks increased by 19.2% and 26% respectively after one month.

Ms. Nguyen Thi Phuong Thao, born in 1970, is currently the Chairwoman of Vietjet, Chairwoman of Sovico Group and Vice Chairwoman of HDBank. Ms. Thao directly holds 47.7 million VJC shares, but owns hundreds of millions of shares of the two above enterprises through private companies.

The assets of Hoa Phat Chairman Tran Dinh Long and Techcombank Chairman Ho Hung Anh both increased by 200 million USD. These two businessmen own 2.8 billion USD and 2.6 billion USD respectively. Meanwhile, billionaire Nguyen Quang Dang, Chairman of Masan also added 100 million USD, to 1.1 billion USD.

Forbes counts an individual's assets based on the number and price of stocks they hold at a given time. In addition, they also evaluate many other assets of billionaires when ranking, including ownership in private companies, real estate, works of art, yachts...

Vietnam's stock market performed positively in August, helping many businessmen's assets increase. The VN-Index ended the session on August 29 at 1,682 points, up 180 points for the month, equivalent to 12%. Statistics from the Ho Chi Minh City Stock Exchange (HoSE) - which accounts for 75% of market capitalization - show that average liquidity reached more than VND47,600 billion.

According to Dragon Capital's assessment, investors' cash flow is focused on the VN30 group - 30 stocks with the highest capitalization and liquidity listed on the HoSE. A series of stocks held by billionaires such as VIC, VHM, VJC, HDB, HPG, MSN, TCB are currently in this group.

Many experts predict that the VN-Index will continue to increase in the last months of the year, so the assets of billionaires may improve. Mr. La Giang Trung, CEO of Passion Investment, a company specializing in stock investment in Vietnam, commented that the market continues to increase and cash flow is the driving force for stock prices to increase.

In addition, according to him, the US Federal Reserve's signal of interest rate reduction in the second half of the year is a positive signal for the stock market.

Source: https://baohatinh.vn/cac-ty-phu-viet-tiep-tuc-giau-len-post294788.html