Update news billionaire
Cash has been flowing into the stock market for bottom fishing, when many shares fall sharply in price, losing 50-90 percent of value. Shares are even cheaper than the 2008 crisis period or during Covid-19.
Chairman of Phat Dat Real Estate Group, Nguyen Van Dat, and the Chairman of Novaland, another real estate group, Bui Thanh Nhon, have become the latest people who own stocks worth over $1 billion.
Billionaire Pham Nhat Vuong's company has recorded impressive business results despite the Covid-19 pandemic.
Luyen and her husband spent VND1.2 billion to buy a 80 square meter house for salangane, which brings annual turnover of billions of dong.
Last year was a stormy one for Vietnam’s businesses, but billionaires still were able to pocket billions of dollars.
Thu Hoai turned up at a party with a Bulgari handbag valued at over VND100 million, a favorite of many celebrities in the world, including Miranda Kerr and Kate Moss.
Bui Ngoc Huyen dreamed of making Vietnamese automobiles, ‘boss Duc’ transferred shares, and ‘boss Kien’ made big money while he was in prison. These were the most outstanding business stories of the last week.
Trinh Van Quyet, president of FLC Group, has decided to spend nearly VND100 billion to buy FLC shares, though prices have increased sharply recently.
Sacombank’s capitalization value has soared by VND1.3 trillion following the news that Thaco billionaire Tran Ba Duong has bought shares of the bank.
Vingroup rejects rumour about selling its stake in Vinmec and Vinschool, reiterating that these two systems play a crucial role in the group’s ecosystem.
Many large corporations, valued at billions of dollars, do not intend to list their shares on the bourse.
In 2009, when the VN Index soared from 324 points to the year's peak of 630 points, the richest stock billionaire had total assets worth over VND9 trillion.