Mr. Pham Nhat Vuong's assets reached 10 billion USD for the first time, making him the 277th richest person in the world.

Mr. Pham Nhat Vuong and his wife, Ms. Pham Thu Huong - Photo: NGUYEN KHANH

After yesterday's correction session that caused the VN-Index to break the 1,300-point mark, the index quickly regained its form in the morning session thanks to the strong breakthrough of the Vingroup family of stocks.

At the end of the morning session, green spread clearly as banking and securities stocks also improved. A series of codes such as TCB, MBB, SSI, VCI... all recorded positive increases.

Entering the afternoon session, market breadth tilted towards buyers with 380 stocks increasing in price, while the number of stocks decreasing was also high with nearly 340 stocks.

Although the increase and decrease numbers are not too different, large-cap stocks are attracting strong cash flow, helping the index maintain a steady upward momentum. Of the total 22 industry groups, only 4 are under pressure to correct, the rest recorded increases.

At the end of the session, VN-Index increased nearly 19 points to 1,314 points, while VN30 increased nearly 28 points, surpassing the 1,407 point mark.

The positive market developments took place in the context of investors expecting positive results from the ongoing trade negotiations with the US led by Minister of Industry and Trade Nguyen Hong Dien - head of the Vietnamese Government's negotiation delegation.

VIC and VHM were the two stocks that contributed the most to the VN-Index's increase. After two consecutive ceiling-price sessions, VIC rose to VND91,500/share, with over 2.8 million units remaining at ceiling-price buy orders, while the sellers only had 10,100 units. VHM also increased to VND62,900/share with nearly 4.3 million units remaining at ceiling-price buy orders.

Two other stocks in the Vingroup ecosystem, VRE and VPL, also increased by 4.24% and 1.32% respectively, continuing to contribute to strengthening positive sentiment in the market.

In addition to Vingroup stocks, the market today recorded 36 stocks hitting the ceiling price on all three exchanges. Notably, PNC shares of Phuong Nam Cultural Joint Stock Company also hit the ceiling price of VND22,000/share, after news that Thien Long Group planned to "take over" Phuong Nam bookstore chain. Accordingly, PNC's market capitalization currently reaches nearly VND240 billion.

Regarding cash flow trends, foreign investors net sold more than 550 billion VND in today's session, after net buying more than 350 billion VND in the previous session.

Since the beginning of the year, foreign investors have net sold a total of more than 38,000 billion VND, mainly focusing on codes in the VN30 basket such as FPT , VIC, VHM, VNM, VCB...

According to an update from Forbes , the assets of billionaire Pham Nhat Vuong - chairman of Vingroup Corporation - reached 10.2 billion USD on May 20. This is a record large asset that a Vietnamese businessman has achieved, according to statistics from foreign organizations.

With the above record asset scale, Mr. Vuong ranked 277th in the list of the richest people in the world and continues to be the richest person in Vietnam.

Since the beginning of 2025, VIC shares have increased by more than 125%. This is one of the important driving forces that helped Mr. Vuong's assets increase.

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BINH KHANH

Source: https://tuoitre.vn/tai-san-cua-ong-pham-nhat-vuong-lan-dau-cham-moc-10-ti-usd-la-nguoi-giau-thu-277-the-gioi-20250520151423537.htm