Vietnam may have new USD billionaires

If assets are calculated according to the value of the stock market, Vietnam will have more USD billionaires.

Việt Nam chuẩn bị đón nhận thêm loạt tỷ phú đôla? - 1

Six Vietnamese billionaires named by Forbes.


In 2013, Pham Nhat Vuong - Chairman of Vingroup – was the first representative from Vietnam named to the list of the richest people on the planet by Forbes magazine. Vuong was ranked 974th with assets worth US$1.5 billion.

So far, the number of Vietnamese dollar billionaires recognized by the magazine has increased to six. Vuong still ranks at the top with a fortune of $7.3 billion.

CEO Nguyen Thi Phuong Thao of Vietjet Air stands second with assets of $2.8 billion. Thao is known as the founder of Vietjet Air as well as Sovico Group.

The third richest Vietnamese is Tran Dinh Long, Chairman of Hoa Phat Group, with $2.2 billion, followed by Ho Hung Anh, Chairman of Techcombank, and Tran Ba Duong, Chairman of Truong Hai Group with assets of $1.6 billion. The last USD billionaire of Vietnam is Nguyen Dang Quang, Chairman of Masan Group, with $1.2 billion.

Thus, the total assets of six Vietnamese billionaires as announced by Forbes totals more than $16 billion.

If the assets are estimated based on the value of the stock market, Vietnam will have more USD billionaire.

 

The first name is Bui Thanh Nhon, Chairman of NovaLand Group. According to statistics, Nhon owns more than 317.3 million Novaland shares. On November 16, 2021, when the share price stood at 130,600 VND, Nhon had assets worth nearly 32,876 billion VND, equivalent to $1.49 billion.

The second name is Do Anh Tuan, Deputy General Director of KienLongBank, Chairman of Sunshine Group. Tuan holds shares of SCG Construction JSC, which went public in mid-April 2021 and Sunshine Homes Development JSC that went public this August, totaling 31,304 billion VND, equivalent to $1.39 billion.

The next is Nguyen Van Dat of Phat Dat Group who currently holds nearly 298 million shares of Phat Dat. At a trading price of 90,000 VND/share on November 16, Dat had assets of nearly 27,000 billion VND, equivalent to $1.20 billion.

The last two businessmen whose assets nearly reach $1 billion are Nguyen Duc Thuy, Vice Chairman of LienVietPostBank, with a fortune of about $0.93 billion, and Vu Thi Hien, billionaire Tran Dinh Long’s wife with assets of about $0.79 billion.

Hong Hanh

Business stories: billionaires get richer

Business stories: billionaires get richer

The share price increases last week helped rich businesspeople become even richer.

Raking in profits, billionaires earn more money than ever

Raking in profits, billionaires earn more money than ever

Pham Nhat Vuong continues setting new records, while Le Phuoc Vu has gained a new high in his business career.

 
 

Other News

.
Vietnamese billionaire sells shares without necessary report
Vietnamese billionaire sells shares without necessary report
BUSINESSicon  11/01/2022 

The State Securities Commission (SSC) has released a notice about a stock transaction without a report from Trinh Van Quyet, President of FLC Group.

Vietnam aims for 8% export growth this year
Vietnam aims for 8% export growth this year
BUSINESSicon  11/01/2022 

Although much of the economy was impacted by the fourth wave of COVID-19 in 2021, Viet Nam’s imports and exports reached a record of nearly US$670 billion, an increase of almost 23 per cent from 2020.

Vietnam coffee industry targets US$6 billion export value in 2030
Vietnam coffee industry targets US$6 billion export value in 2030
BUSINESSicon  11/01/2022 

The Viet Nam Coffee and Cocoa Association has targeted a coffee export turnover of US$5-6 billion in 2030, doubling the export value at present.

Three border crossings to reopen in Quang Ninh
Three border crossings to reopen in Quang Ninh
BUSINESSicon  11/01/2022 

China will resume customs clearance at three border crossings in Quang Ninh Province from January 11, according to the Ministry of Industry and Trade.

Largest-ever support package to strengthen farmers
Largest-ever support package to strengthen farmers
BUSINESSicon  11/01/2022 

The Government has just submitted a support package of VND350 trillion (US$15.43 billion) for socio-economic recovery and development to the National Assembly.

Real estate market anxiously awaits new regulations
Real estate market anxiously awaits new regulations
FEATUREicon  10/01/2022 

The National Assembly this morning began discussing the amending of eight laws.

Tet online sales kick off one month before Tet
Tet online sales kick off one month before Tet
FEATUREicon  10/01/2022 

Everything now can be purchased online, from food for Tet parties to smartphones.

Banks begin to hike deposit interest rates
Banks begin to hike deposit interest rates
BUSINESSicon  11/01/2022 

In October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company.

Riding the wave in Vietnam’s real estate market in 2022
Riding the wave in Vietnam’s real estate market in 2022
BUSINESSicon  11/01/2022 

The real estate market has ended a year of profound impacts with some very encouraging news as both domestic and foreign developers are finally speeding up the construction of new projects.

Garment and textiles face reality of fierce global rivalry
Garment and textiles face reality of fierce global rivalry
BUSINESSicon  11/01/2022 

Vietnam’s garment and textile sector has reached the 2021 export target, but is confronted with ever-growing competition from the Asian continent as well as other markets.

Positive indicators light up footwear trade to US
Positive indicators light up footwear trade to US
BUSINESSicon  10/01/2022 

Vietnam is emerging as one of the largest suppliers of footwear and leather accessories to the United States, opening more opportunities for domestic companies to exploit the world’s largest market for these goods.

Goods congestion at border gates needs to be solved before Tet: Deputy PM
Goods congestion at border gates needs to be solved before Tet: Deputy PM
BUSINESSicon  10/01/2022 

Deputy Prime Minister Le Van Thanh has requested ministries, sectors and localities to closely coordinate with Chinese agencies to speed up customs clearance, striving to have no congestion of cargo trucks at border gates before Tet.

HCM City businesses overcome economic 'storm'
HCM City businesses overcome economic 'storm'
BUSINESSicon  10/01/2022 

Many enterprises in HCM City have successfully contributed to the economic recovery and development of the city after the pandemic.

VIETNAM BUSINESS NEWS JANUARY 10
VIETNAM BUSINESS NEWS JANUARY 10
BUSINESSicon  10/01/2022 

Gov’t sets deadline for completion of Long Thanh airport

Positive outlook for insurance stocks as 2022 arrives
Positive outlook for insurance stocks as 2022 arrives
BUSINESSicon  09/01/2022 

State capital divestment planning and the removal of limitations on foreign ownership are expected to drive insurance stocks to flourish in 2022.

AmCham Vietnam to promote increased trade and investment ties in Vietnam
AmCham Vietnam to promote increased trade and investment ties in Vietnam
BUSINESSicon  09/01/2022 

AmCham will continue to work on lowering barriers to trade and creating a high-standard, transparent, and stable business environment in Vietnam.

Economic prospects for the world and Vietnam
Economic prospects for the world and Vietnam
BUSINESSicon  09/01/2022 

The severity and persistence of inflation worldwide have surprised most central banks and organizations that offer economic forecasts. 

Hanoi completes nearly 546,000 square meters of floor area in 2021
Hanoi completes nearly 546,000 square meters of floor area in 2021
BUSINESSicon  09/01/2022 

Despite the ongoing impacts of the Covid-19 pandemic, housing development is still being promoted.

Vietnam's seafood exports beat yearly target, rake in US$8.9 billion
Vietnam's seafood exports beat yearly target, rake in US$8.9 billion
BUSINESSicon  08/01/2022 

Thanks to large-scale production in the last months of 2021, the seafood export value for the whole year rose 6% compared to 2021 reaching more than US$8.9 billion.

First US firm orders 100 VinFast electric cars at CES 2022
First US firm orders 100 VinFast electric cars at CES 2022
BUSINESSicon  08/01/2022 

Artemis DNA has become the first US firm to place an order to purchase 100 electric cars of VinFast following the Vietnamese automaker’s new model debut at the technology exhibition CES 2022 in Las Vegas (USA).

 
 
 
Leave your comment on an article

OR QUICK LOGIN