Mr. Pham Nhat Vuong has assets of 20 billion USD, larger than the capitalization of VietinBank and Techcombank combined.

Mr. Pham Nhat Vuong has assets of 20 billion USD, larger than the capitalization of VietinBank and Techcombank combined - Photo 1.

Mr. Pham Nhat Vuong has just set a new record for net worth - Photo: VIC

According to the latest update from Forbes , as of October 26, billionaire Pham Nhat Vuong - Chairman of Vingroup Corporation (VIC) - owns an estimated fortune of 20.3 billion USD (equivalent to nearly 535,000 billion VND), ranking 118th in the list of the richest people in the world.

This is the first time in history that a Vietnamese businessman has been recognized by Forbes as having assets exceeding 20 billion USD.

Forbes ' statistics are built on many different factors such as stock value, business ownership ratio, investment asset value and other holdings...

Of these, stock prices are the most influential factor, as stock market fluctuations can cause billionaires' net worth to change significantly in a short period of time.

In the case of billionaire Pham Nhat Vuong, the sharp increase in VIC shares in recent times is the obvious reason why his assets have skyrocketed.

Despite a volatile month that saw many stocks plummet, VIC maintained its impressive growth momentum, rising nearly 34% in just 30 days. Currently, each VIC share is trading at around VND219,000, equivalent to an increase of more than 430% compared to the same period last year.

Thanks to that, Vingroup's market capitalization has approached the 850,000 billion VND mark, setting a new record on the Vietnamese stock exchange.

To easily visualize the scale of Mr. Vuong's assets, we can look at the stock market capitalization of some businesses on the floor.

It is easy to see that according to statistics, Mr. Vuong's assets have far exceeded the capitalization of most listed enterprises in the country, second only to Vingroup Corporation, which he founded and runs.

Even a rather interesting comparison - Mr. Vuong's net worth is larger than the capitalization of two banks such as TCB (VND 255,813 billion) and CTG (VND 267,425 billion) combined.

Fund performance is far behind the increase of VN-Index, due to not holding VIC shares

According to Fiingroup data , the cumulative performance of investment fund groups in the first 9 months of 2025 was generally stable compared to the same period in 2024.

Of which, the bond fund group maintained a performance of 4.5% in the first 9 months of this year, equivalent to the same period in 2024 (4.4%) and higher than savings interest rates (+3.4%).

The equity fund group achieved a performance of +18.5%, slightly lower than the same period in 2024 (+19.6%), but significantly worse than the VN-Index (+31.2%).

The main reason is that funds hold low proportions or do not own leading stocks such as Vingroup (VIC, VHM) or GELEX (GEX, GEE, VIX).

Notably, in September 2025 alone, 63/73 equity funds had negative performance, most of which decreased by more than -2%. Meanwhile, VN-Index and VN30 recorded lower decreases, -1.2% and -0.1%, respectively, thanks to support from a small group of large-cap stocks.

In fact, 193/392 stocks on HoSE decreased more strongly than VN-Index, showing a high level of differentiation and the dominance of the leading group.

BINH KHANH

Source https://tuoitre.vn/ong-pham-nhat-vuong-co-tai-san-20-ti-usd-lon-hon-von-hoa-vietinbank-va-techcombank-gop-lai-20251026173515533.htm