The richest professor in Vietnam: Top 5 on the stock exchange, about to be a USD billionaire

The richest professor in Vietnam

According to the list of candidates for professor and associate professor in 2025 approved by the State Council of Professors, Associate Professor Dr. Ho Xuan Nang, Chairman of the Board of Directors of Vicostone, a unit of Phenikaa Group, meets the standards for the title of professor in 2025.

Mr. Ho Xuan Nang will be officially recognized as meeting the standards of a professor in the 2025 review period after the Chairman of the State Council of Professors, Minister of Education and Training Nguyen Kim Son signed the decision to recognize the candidate as meeting the standards of a professor.

At that time, Mr. Ho Xuan Nang will become the richest professor in Vietnam, with assets of nearly 6,600 billion VND (as of November 6 according to VCS stock value).

Mr. Ho Xuan Nang was born in 1964 in Yen Thang commune, Y Yen district, Nam Dinh province (old). He graduated from Hanoi University of Science and Technology, majoring in Internal Combustion Engines in May 1986 and defended his doctoral thesis in Mechanical Engineering - Dynamics at this university in 1992. He has a part-time university degree in foreign languages at Hanoi University of Foreign Languages (1988).

In 2022, he was recognized as an associate professor. Mr. Nang is currently a lecturer and Chairman of the Board of Directors of Phenikaa University; previously, he held the position of Chairman of the Board of Directors and Director of Phenikaa Institute of Research and Technology.

Mr. Ho Xuan Nang. Photo: VCS

Phenikaa Ecosystem Owner

Mr. Ho Xuan Nang is famous in the stock market with the nickname "Jewish Nang" after the classic reverse acquisition of artificial stone manufacturer Vicostone at the end of 2014.

The leader of the subsidiary, Mr. Ho Xuan Nang - then Vice Chairman and General Director of Vicostone, held 90% of the charter capital of the parent company Phenikaa, thereby becoming the most powerful person at both Phenikaa and Vicostone.

After joining Phenikaa, Vicostone has completely transformed. Since 2017, the profit scale of this enterprise has exceeded 1,000 billion VND and reached more than 1,770 billion VND in 2021. With huge profits of around a thousand billion VND each year from Vicostone, Phenikaa has expanded into many new fields, most recently real estate.

VCS shares recorded a peak of nearly 140,000 VND/share (adjusted price) in April 2018 and at this peak, Mr. Ho Xuan Nang's Vicostone recorded a capitalization of more than 22,000 billion VND, equivalent to nearly 1 billion USD. At that time, Mr. Nang directly and indirectly owned about 120 million VCS shares, equivalent to about 17,000 billion VND (about 750 million USD).

However, Mr. Nang's assets are currently only calculated based on the number of Vicostone shares that this businessman from Nam Dinh holds. Meanwhile, the Phenikaa ecosystem is considered to be larger in scale, with the education sector and the startup Phenikaa X...

After a decade in the hands of Mr. Ho Xuan Nang, the Phenikaa ecosystem now includes: Phenikaa University (formerly Thanh Tay University), Phenikaa Education Investment Joint Stock Company, Phenikaa Testing and Certification Joint Stock Company, Phenikaa Electronics Joint Stock Company, Phenikaa Research & Technology Institute, Phenikaa-X Joint Stock Company.

Opportunity to be in the top 10 Vietnamese USD billionaires

Phenikaa-X not only launched "Made-in-Vietnam" level 4 smart autonomous vehicles, but recently expanded into many fields such as drones, smart city solutions...

Phenikaa-X has also researched and developed the first 100% autonomous robot solution in Vietnam at the Samsung Electronics factory called AMR Pallet Mover, which can carry a load of up to 1,000kg, does not need anyone to control it, can completely automatically find its way, pick up and deliver goods. Recently, Phenikaa-X is deploying autonomous robots in the medical field.

Mr. Ho Xuan Nang's ambition in the field of higher education is very large with the scale of training continuously expanding. Phenikaa University currently has 55 training majors/programs after 17 years of establishment, enrolling more than 10,000 students/year, along with 3 research institutes.

Phenikaa also operates in the real estate sector with the Endless Skyline West Lake office, hotel and luxury apartment complex project in Tay Ho district, Hanoi. The project is built and developed by Nam Hung Joint Stock Company, a member of Phenikaa Group, with a scale of 3,626.8 square meters including 150 commercial apartments, 56 apartments for rent and 150 hotel rooms. The project will complete the foundation by the end of 2023 and open for sale in early 2024, with prices up to hundreds of millions of VND per square meter.

In 2018, Mr. Ho Xuan Nang had assets of 750 million USD and was in the top 5 richest people on the stock market at that time. He was expected to become the third USD billionaire in Vietnam in the same year, after billionaire Pham Nhat Vuong and Chairman of Hoa Phat Group (HPG) Tran Dinh Long.

However, Mr. Nang's assets then declined following the decline in the price of Vicostone (VCS) shares and a large amount of these assets poured into the unaccounted-for training sector. If Mr. Nang's education and technology sector were listed on the stock exchange, it is likely that the "boss" of the stone industry would also be on Forbes' list of USD billionaires.

Vietnamnet.vn

Source: https://vietnamnet.vn/giao-su-giau-nhat-viet-nam-top-5-tren-san-chung-khoan-sap-la-ty-phu-usd-2460186.html