For the first time, a Vietnamese tycoon has assets of more than 9 billion USD, surpassing even the chairman of Samsung.

assets - Photo 1.

Vietnam's stock market increased sharply at the end of the session on May 8 - Photo: QUANG DINH

VN-Index increased nearly 20 points near the end of the session

VN-Index opened the trading session on May 8 in green under the leadership of real estate and oil and gas groups.

However, the increase narrowed later when active demand disappeared and industry groups weakened. Cash flow slowed down, liquidity decreased slightly. The index closed the morning session with a 5-point increase compared to the reference.

In the afternoon session, the scores and liquidity increased better. At 2:00 p.m., a series of banking and securities codes returned to green such asSHB (+3.57%), STB (+1.67%), TPB (+1.08%), HDB (+1.67%), TCB (+1.11%), VCI (+1.65%), VIX (+2.47%), SSI (+1.75%)...

With initial positive signals from the Vietnam-US tariff negotiations, the industrial park real estate group has also gradually recovered in recent sessions.

In today's session, GVR of Vietnam Rubber Industry Group is still at the ceiling price (+6.84%), KBC of Kinh Bac or BCM of Becamex both increased in price.

Even Petrolimex 's PLX code increased to its full range despite the news of temporary suspension of General Director Dao Nam Hai.

In general, the "bullish side" with more than 400 codes almost overwhelmed the group of decliners in this afternoon's session. Foreign investors also returned to net buying with a small volume today (+100 billion VND).

In which, the stock with the strongest net purchase by foreign investors is VIC (+134 billion VND), followed by some other large-cap stocks such as MBB, HPG,FPT ...

Near the end of the afternoon session, VN-Index increased about 20 points, surpassing the 1,269 mark when a series of large-cap stocks covered the market in green.

VIC shares increase, Mr. Pham Nhat Vuong's assets continuously set new records

As for VIC (+6%), this code has experienced 4 consecutive sessions of large increases. In the past month, this code has increased by nearly 42%, bringing great excitement to shareholders.

At the same time, shares of Mr. Pham Nhat Vuong's group are also the codes that often "carry the burden" for VN-Index recently when the market is slowing down. If calculated from the beginning of the year until now, VIC has even increased by 90%.

The increase in VIC stock price has brought joy to many shareholders holding this code. Among them, Mr. Pham Nhat Vuong - Chairman of Vingroup Corporation - continuously recorded an increase in the size of his net assets.

According to the latest update from Forbes on the afternoon of May 8, Mr. Vuong has a net worth of 9.1 billion USD, an increase of 400 million USD in just one day. This figure brings the chairman of Vingroup to the 327th position in the list of the richest people in the world, up 13 places compared to yesterday.

Mr. Vuong's assets even surpass those of Mr. Jay Y. Lee - Samsung chairman, who is holding assets of 8.6 billion USD according to Forbes data.

Vingroup's VIC stock has shown positive performance after the news that Vinpearl (VPL) - a subsidiary of the group - has set its debut date. According to the announcement from HoSE, the reference price of VPL on the first trading day at HoSE is 71,300 VND/share.

With 1.8 billion shares in circulation, Vinpearl is valued at nearly VND130,000 billion (about USD5 billion) - among the top 15 companies by largest capitalization on HoSE.

VPL has become the fourth company in billionaire Pham Nhat Vuong's ecosystem to list its shares on HoSE, in addition to VIC, VRE, and VHM. It is estimated that as of May 7, 2025, the total capitalization of the four companies will be about VND736,478 billion.