Pham Nhat Vuong's wife becomes a USD billionaire.

Vingroup's stock reached a new peak, allowing Ms. Pham Thu Huong, wife of Mr. Pham Nhat Vuong, to hold shares worth over a billion USD for the first time.

Vingroup's stock reached a new peak, allowing Ms. Pham Thu Huong, wife of Mr. Pham Nhat Vuong, to hold shares worth over a billion USD for the first time.

Ms. Pham Thu Huong - Vice Chairwoman of the Board of Directors of Vingroup. Photo: VIC

Today, VIC closed up 6% at 158,000 VND per share, becoming the stock contributing the most to the VN-Index's increase. This is the highest market price ever for Vingroup shares. This brings the company's market capitalization to nearly 608,800 billion VND, a record high on the Vietnamese stock market.

Accordingly, the assets of major shareholders on the stock exchange also increased sharply. Ms. Pham Thu Huong - wife of Chairman Pham Nhat Vuong - owns more than 170.6 million VIC shares, equivalent to approximately 26,955 billion VND. Thus, after today's trading session, Ms. Huong holds more than one billion USD for the first time and is the 5th richest person on the stock exchange.

However, to date, Forbes ' billionaire ranking system has not included Ms. Pham Thu Huong on its list.

At Vingroup, this businesswoman has held the position of Vice President since 2021. She graduated from Kyiv State University (Ukraine) with a bachelor's degree in international law. In 2020, she and her husband founded the VinFuture Foundation, which funds the global science and technology award of the same name.

Vingroup's stock reaching a new peak also helped Pham Nhat Vuong's net worth reach a new record. By the end of the trading session, nearly 450 million VIC shares directly owned by him were worth approximately VND 71,084 billion, equivalent to about USD 2.7 billion. However, according to Forbes data, Mr. Vuong holds USD 15.4 billion, making him the 168th richest person in the world. Besides holding Vingroup shares, he also owns nearly half of VinFast 's capital through two separate companies.

Forbes compiles an individual's net worth based on the number and price of stocks they hold at a given time. Additionally, they assess many other assets of billionaires when ranking them, including ownership in private companies, real estate, artwork, yachts, and more.

Vingroup's stock has seen a strong surge in recent months. Since the beginning of the year, VIC has accumulated approximately 290% of its market value, increasing its market capitalization by about 450,000 billion VND.

Recently, Vingroup has received a lot of positive news. They have just entered the power industry with the Hai Phong LNG thermal power plant project, with a total designed capacity of 4,800 MW. This project is invested by the Vingroup - VinEnergo Energy Joint Stock Company consortium with a total capital of over 178,012 billion VND.

Meanwhile, Vingroup's subsidiary, the Vietnam Exhibition and Fair Center (VEF), proposed an interim cash dividend of 33,000 VND per share. It is expected that Vingroup could receive nearly 4,600 billion VND.

In the first half of the year, billionaire Pham Nhat Vuong's group generated 130,475 billion VND in revenue, double that of the previous year. After-tax profit reached 4,539 billion VND. According to Vingroup, the improved business results stemmed from the residential real estate, industrial, tourism-resort, and entertainment sectors.

Of that total, the real estate segment still accounted for the largest share, nearly 70,500 billion VND, an increase of 167%. This figure was recorded as Vinhomes - a subsidiary in the field of residential real estate development and management - achieved sales of 67,500 billion VND and revenue of approximately 138,200 billion VND at the end of the second quarter.

Revenue from production reached nearly 33 trillion VND in the first half of the year, a 134% increase compared to the same period last year, mainly driven by VinFast. In the second quarter alone, the electric car manufacturer delivered 72,167 vehicles, 3.2 times more than the same period last year. The second VinFast factory in the Vung Ang Economic Zone (Ha Tinh province) has also been put into operation, with a capacity of 200,000 vehicles per year.

Source: https://baohatinh.vn/vo-ong-pham-nhat-vuong-thanh-ty-phu-usd-post296242.html