Vietnamese billionaire moves up the rankings, Pham Nhat Vuong becomes the 88th richest person in the world.

Along with the positive performance of large-cap stocks, the wealth of billionaire Pham Nhat Vuong continues to increase.

Trading on February 13th on the Vietnamese stock market saw relatively low liquidity ahead of the long Tet holiday. Pre-Tet withdrawals put downward pressure on many stocks. However, the lack of other investment channels and relatively attractive valuations mean the stock market remains a good option, allowing most stocks to maintain their upward trend.

At the close of trading in the Year of the Snake, the VN-Index rose 10 points (+0.55%) to 1,824.09 points. The VN30-Index edged up 2.17 points (+0.11%) to 2,018.64 points. Trading volume on the HoSE reached nearly 20 trillion VND.

This is a low level of liquidity, only about 60-70% compared to previous sessions, but high compared to trading sessions leading up to Tet in previous years.

Among the 30 leading stocks on the exchange, banking stocks showed mixed performance, the retail sector experienced slight downward pressure,FPT technology stocks fell quite sharply, while the "Vin" group of stocks owned by billionaire Pham Nhat Vuong tended to trade sideways.

The stock FPT had a negative impact on the market today, falling by 2,500 VND to 96,300 VND per share. BIDV Bank (BID) shares also fell quite sharply, losing 650 VND to 46,900 VND per share.

Within the VN30 group, the stocks that saw impressive gains included: Sacombank (STB), which rose by 1,500 VND to 62,600 VND/share, and GVR, which increased by 1,050 VND to 36,400 VND/share.

Among the "Vin" group of stocks, Vingroup (VIC) increased by 1,000 VND to 160,000 VND/share. Vinhomes (VHM) remained unchanged at 109,000 VND/share. Vinpearl (VPL) saw a slight increase of 200 VND to 85,600 VND/share. Vincom Retail (VRE) decreased by 150 VND to 29,800 VND/share.

Billionaire Pham Nhat Vuong is the 88th richest person in the world. Photo: VIC

Thus, the Vin Group's stocks have maintained their prices at historical highs after a continuous recovery over the past week. After reaching a historical peak of nearly 180,000 VND/share in the first week of January, Vingroup shares fell to close to 120,000 VND/share, before bouncing back to the current level of 160,000 VND/share.

The surge in stock prices has pushed the wealth of Vietnamese billionaires to new highs. According to Forbes, billionaire Pham Nhat Vuong's net worth increased by $1.1 billion (+4.5%) on February 13th, reaching $26 billion, ranking 88th in the world. Female billionaire Nguyen Thi Phuong Thao's net worth increased to $4.1 billion, ranking 999th.

Conversely, some stocks owned by other billionaires declined, such as HPG, TCB, and MSN.

Billionaire Tran Dinh Long (Chairman of Hoa Phat Group) had a net worth of $2.7 billion as of February 13th, ranking 1,512th in the world. Billionaire Ho Hung Anh (Chairman of Techcombank) had $2.5 billion, ranking 1,677th in the world.

The Vietnamese stock market continued to rise during the final trading session before the long holiday, amidst assessments that it is a potential investment channel attracting capital in the coming period as international capital shows signs of withdrawing from the US and seeking other emerging markets. The Vietnamese stock market is expected to officially upgrade its status in the next few months.

Recently, there has been a tendency for money to flow back into stocks as the real estate market is sluggish due to high interest rates and prices that are far beyond people's incomes. Investors are also cautious about other investment channels such as gold, silver, and cryptocurrencies.

Many large corporations, including both private and state-owned enterprises, are expected to benefit in 2026 as the government simultaneously implements large-scale projects across the country.

In addition, many people expect the stock market to rise after the Lunar New Year, as has been the case in previous years. It is believed that more money will flow into the stock market as profit opportunities in other markets are low.

Another noteworthy factor is that the valuations of many Vietnamese stocks are currently attractive. The VN-Index's P/E ratio is currently just under 15 times, significantly lower than in previous periods. Many large companies have announced positive business results for 2025.

With a weakening US dollar and the stock market typically performing positively in the first quarter, many experts predict that the VN-Index could rise further, even if liquidity doesn't yet surge.

World gold prices plummet, SJC gold drops by 2 million VND/ounce. The sharp drop in world gold prices is exactly as experts warned about short-term risks. SJC gold quickly fell below the 181 million VND/ounce mark. Nevertheless, global instability remains an important support for this commodity.

Source: https://vietnamnet.vn/ty-phu-pham-nhat-vuong-tiep-tuc-giau-them-dai-gia-viet-khac-chiu-ap-luc-2490549.html