VietNamNet Bridge - The asset value of Vietnam’s richest billionaire has soared to $1.8 billion (VND40.150 trillion). Meanwhile, there have been some big changes in the positions of the top 10 millionaires.

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Mr Pham Nhat Vuong

Forbes has updated the list of the world’s billionaires in 2016. Pham Nhat Vuong is the only Vietnamese billionaire in the list. His asset value increased from $1.7 billion last year to $1.8 billion, while his position has gone up to 1118  from last year’s 1011.

According to Forbes, all the assets Vuong has are from real estate.

Vuong’s Vingroup is now the largest real estate conglomerate in Vietnam with the capitalization value of VND85.5 trillion, or $3.8 billion. The conglomerate has also invested in hotels, retail chains, education systems and healthcare services which bring high profits.

After the recent share issuance campaigns, the proportion of shares held by Pham Nhat Vuong and his wife, Pham Thu Huong, in Vingroup decreased to 32.2 percent.

Analysts noted that the $1.8 billion worth of assets Vuong has now may include the shares and his other assets. Meanwhile, with the VIC share amount he and his wife now hold they are worth over $1 billion only.

VIC shares were traded at VND44,100 per share at the last trading session of February. With the price, the VIC shares Vuong holds were worth VND23.480 trillion. Meanwhile, the VIC shares his wife holds were worth VND4.049 trillion.

There have been some major changes in the assets and positions of the top 10 stock millionaires after recent trading sessions.
Vuong now also tops the list of the Vietnamese stock millionaires released by VnExpress, an online newspaper. His asset value far exceeds the second richest stock millionaire – Tran Dinh Long, president of Hoa Phat Group.

Analysts noted there have been some major changes in the assets and positions of the top 10 stock millionaires after recent trading sessions.

With the HPG closing share price at VND27,900 per share on February 29, an increase of VND400 compared with January, Long has seen his stock assets increase by VND73.73 billion to VND5.051 trillion. 

Doan Nguyen Duc, recognized as one of the country’s most influential businessmen, has returned to the fourth position with stock assets of VND2.886 trillion. 

However, it is unclear if Duc can stay firmly in the fourth position as his asset value is just higher by VND182 billion than Pham Thuy Hang, deputy chair of Vingroup.

Some other businessmen have made big leaps in the top 10 list. Thanks to the MWG share price increase, Nguyen Duc Tai, president and CEO of The Gioi Di Dong, a computing device distributor, has VND10 billion more. With VND1.711 trillion, Tai has jumped to the seventh position in the top 10 list.


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