Mr. Pham Nhat Vuong's assets are larger than those of the three Vietnamese billionaires combined.

According to Forbes' update this morning (May 20), Mr. Pham Nhat Vuong - Chairman of Vingroup Corporation (stock code: VIC) - has total assets of 9.7 billion USD, an increase of nearly 5% compared to the previous day. The increased asset value also helped the Vietnamese billionaire enter the ranking of the world's richest people at position 301.

Compared to early April - when Forbes announced the list of world billionaires in 2025 (nearly 2 months), the assets of Vingroup's chairman have increased by 3.2 billion USD and his position has also increased by 234 places.

The above assets are also larger than the total assets of three other Vietnamese billionaires: Ms. Nguyen Thi Phuong Thao - Vice President of HDBank , Chairman of Vietjet Air, Mr. Tran Dinh Long - Chairman of Hoa Phat and Mr. Ho Hung Anh - Chairman of Techcombank.

Assets of 4 Vietnamese billionaires (Source: Forbes).

Billionaire Pham Nhat Vuong's assets increased amid the increase in many stocks in the Vingroup ecosystem that he holds.

VIC (Vingroup) shares have been continuously increasing recently, reaching a 3-year peak, reaching 85,600 VND/unit in the session on May 19.

VPL (Vinpearl) shares, although newly listed, have increased sharply compared to the opening day, reaching 98,500 VND/unit in the session on May 19.

VHM (Vinhomes) shares also hit a 3-year peak of VND59,400 per share. VRE (Vincom Retail) shares hit a 1-year peak of VND24,600 per share.

Regarding stocks, at a recent meeting, shareholders asked billionaire Pham Nhat Vuong whether to choose VIC stocks or gold, and whether to accumulate assets with VIC stocks?

Vingroup's chairman said that investing in stocks is like sailing a ship, there will be waves and wind, but if investors rush into the sea, they will regret it. "Whether choosing VIC or gold, choosing VIC is the right choice," Mr. Vuong replied.

Source: https://dantri.com.vn/kinh-doanh/tai-san-ong-pham-nhat-vuong-lon-hon-ca-3-ty-phu-viet-cong-lai-20250520055132756.htm