The assets of the richest person in Vietnam have increased by billions of dollars.

The assets of Mr. Pham Nhat Vuong - Chairman of Vingroup Corporation - were updated to 5.6 billion USD as of March 7, according to Forbes data.

Mr. Pham Nhat Vuong, Chairman of Vingroup Corporation - Photo: VGP/Nhat Bac

The stock market trading session on March 7th recorded a positive surge from the Vingroup group of stocks. In particular, Vingroup's VIC stock unexpectedly hit the ceiling price (+6.97%).

This is also the only code that increased by the full amplitude in the VN30 group today, becoming the code with the greatest contribution in bringing the VN-Index to a new high.

Not only VIC, VHM of Vinhomes also made shareholders excited with an increase of more than 3%. While VRE of Vincom Retail added nearly 2% in market value.

Liquidity surged for all three stocks. VIC recorded a trading volume of nearly 12 million units, more than five times the average daily volume over the past three months. VHM also saw nearly 18 million shares change hands.

Thanks to the increase in market prices, shareholders who own many shares of the Vingroup family have experienced a visible increase in their assets.

Currently, billionaire Vuong still holds 691.27 million VIC shares of Vingroup, equivalent to about 18% of the group's charter capital. The rest, Mr. Vuong owns through his own companies.

Quite quickly, Forbes updated the net worth of Pham Nhat Vuong, chairman of Vingroup, to $5.6 billion as of March 7th. This represents an increase of $1.5 billion compared to the beginning of this year.

Forbes has its own way of calculating the net worth of billionaires, in which the value of assets based on the size of stock holdings is an important indicator.

Also according to Forbes, Mr. Vuong is currently ranked 611th in the world's richest people list, up significantly from 839th place at the beginning of the year.

Last year, VN-Index increased by more than 12% but many bluechip stocks were under pressure from foreign net selling pressure, such as VIC of Vingroup (-9%).

Because of that, Mr. Vuong's assets have been significantly depleted. This year, the situation has been reversed when VIC's market price has recovered 12% in the last 10 days.

Possessing a large fortune, Mr. Vuong is focusing all his efforts and enthusiasm on making electric cars, with a personal commitment of 50,000 billion VND in funding.

Tuoitre.vn

Source: https://tuoitre.vn/tai-san-nguoi-giau-nhat-viet-nam-phinh-to-tang-them-ca-ti-usd-20250307163647778.htm