Billionaire Pham Nhat Vuong's assets ranked 340th in the richest group on the planet.

Mr. Pham Nhat Vuong - Photo: VIC

VN-Index closed the trading session on May 7 in green. After 3 consecutive increasing sessions, the index representing HoSE climbed to the 1,250 point area, up more than 8 points compared to yesterday's reference.

Top 10 stocks that pulled the market up today, there are two codes related to billionaire Pham Nhat Vuong with positions number 1 and 2.

Of which, Vingroup 's VIC code increased by 4.11% to VND73,400/share. Meanwhile, VHM increased by more than 1.8% to VND62,000.

The soaring VIC shares have pushed the group’s chairman’s assets up by millions of dollars. It is estimated that Mr. Pham Nhat Vuong’s assets on the stock market are worth about VND150,000 billion.

According to the latest data on Forbes , Mr. Pham Nhat Vuong has a net worth of 8.7 billion USD, an increase of 438 million USD. With this asset size, Mr. Vuong holds the 340th position in the list of the richest people in the world .

VIC shares performed positively after Vinpearl (VPL) announced its IPO date. According to the announcement from HOSE, VPL's reference price on the first trading day on HoSE was VND71,300/share.

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

Thus, VPL has become the 4th company in the Vingroup ecosystem of billionaire Pham Nhat Vuong to list shares on HoSE, in addition to VIC, VRE, VHM. It is estimated that as of May 7, 2025, the total capitalization of the 4 enterprises is about 736,478 billion VND.

Returning to the general market developments today, stock investor sentiment improved as indices surpassed resistance, as well as positive information about US-China trade negotiations.

The breadth on HoSE is positive with 187 stocks increasing in price. The most active groups are real estate and electricity with quite good liquidity increase. On the contrary, there are 132 stocks decreasing in price with adjustment pressure with low liquidity in the financial services and retail groups...

Should we not increase the proportion when VN-Index is heading towards the 1,265 point area?

According to SHS securities experts, short-term cash flow is still improving. Many codes and groups of codes continue to recover after a period of sharp price decline. Foreign investors continue to net buy, with value increasing sharply in today's session with VND899.6 billion on HoSE. Many codes were net bought quite dramatically, especially in the real estate and electricity groups.

The market is moving into a recovery phase, but according to SHS, it takes time to create a new equilibrium price zone when fundamental factors are changing.

Besides waiting for information on tariff negotiations during the 90-day moratorium on reciprocal tariffs, we also need to assess new growth prospects.

Currently, analysts still believe that many codes and groups of codes still have relatively reasonable price ranges compared to the fundamental factors of the business. However, SHS does not recommend increasing the proportion when VN-Index is heading towards the price range around 1,265 points.

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BINH KHANH

Source: https://tuoitre.vn/tai-san-ti-phu-pham-nhat-vuong-xep-thu-340-nhom-giau-nhat-hanh-tinh-20250507182501121.htm