Vuong is seizing a rare opportunity for accelerated growth as his Vingroup ecosystem expands rapidly, entering multiple high-potential industries. Technology and aerospace have propelled several global tech billionaires into the $200 billion wealth club within very short spans of time.

According to official filings, on November 3, Vingroup, Vuong, and his two sons Pham Nhat Quan Anh and Pham Nhat Minh Hoang founded VinSpace JSC with charter capital of 300 billion VND (approximately $12.2 million). Vuong contributed 213 billion VND ($8.7 million), holding a 71% stake. Vingroup invested 57 billion VND ($2.3 million) for a 19% share, while each son contributed 15 billion VND ($610,000), representing 5% each.

VinSpace is set to operate in six business areas, prominently including the manufacturing of aircraft, spacecraft, telecommunications satellites, and air freight services.

This marks an unprecedented step, as VinSpace may become Vietnam’s first major player in the aerospace sector, which demands extremely advanced technology and is widely viewed as a frontier of humanity’s future development.

Previously, Vingroup expanded into new strategic pillars such as infrastructure and green energy, complementing its three core segments: technology and industry, commerce and services, and philanthropy.

The Vingroup ecosystem now includes ventures like VinEnergo (energy), VinSpeed (mobility), VinRobotics (automation), VinMetal (metallurgy), V-Film (cinema), and V-Culture Talents (arts and performance).

This rapid diversification aligns with Vietnam’s increasing recognition of private enterprises as key drivers of national growth, notably outlined in the Politburo’s Resolution 68-NQ/TW issued on May 4, 2025, which for the first time identifies the private sector as a central economic force.

In Ho Chi Minh City, Vingroup has been assigned to conduct a feasibility study and prepare an investment proposal for a 15-kilometer sea-crossing bridge connecting Can Gio with Ba Ria - Vung Tau. The project is proposed under a build-transfer (BT) model and will be evaluated under Vietnam’s PPP (public-private partnership) investment law.

Currently, Vingroup is developing the Can Gio seaside urban area spanning 2,870 hectares with a projected population of nearly 230,000.

The group has also proposed a metro line linking downtown Ho Chi Minh City with Can Gio, extending to Ben Thanh Station for direct integration with Metro Line 1 (Ben Thanh - Suoi Tien), instead of terminating at Nguyen Van Linh Boulevard as in previous plans. The city government has formed an evaluation council to review this proposal and select investors accordingly.

In early October, Vuong further expanded his business empire. Within just two days, he launched VinMetal JSC with registered capital of 10 trillion VND (approximately $406 million), formally entering the metallurgy industry with a focus on producing steel for key infrastructure projects such as the North-South high-speed railway, the HCMC - Can Gio line, the Hanoi - Quang Ninh line, and for internal use by VinFast.

On October 5, Vuong transferred over 60 million VIC shares worth about 10.6 trillion VND ($430 million) to VinEnergo JSC, which is developing Vietnam’s largest LNG thermal power plant in Hai Phong with a capacity of 4,800 MW.

In July, his enterprises announced two industrial zones valued at 10 trillion VND ($406 million), only a week after receiving their investment certificates.

In real estate, Vingroup and its affiliates are implementing a series of massive projects across Vietnam, including Vinhomes Green Paradise (Can Gio, 2,870 ha), Vinhomes Royal Island (Vu Yen, 877 ha), Vinhomes Co Loa, and the Olympic Sports Urban Area project in Ngoc Hoi (16,000 ha), along with a land bank of over 11 hectares at 233–235 Nguyen Trai Street. Vinhomes is also promoting affordable housing in support of the government’s initiative to build 1 million homes.

These large-scale projects have significantly boosted Vingroup’s market capitalization. VIC stock has surged past 200,000 VND ($8.12), while VHM has topped 100,000 VND ($4.06), propelling Vuong’s wealth to new heights. In mid-October, he surpassed the $20 billion mark, ranking among Asia’s top 30 and the world’s top 120 richest individuals. As of November 6, Forbes estimates his net worth at $19.4 billion - nearly five times higher than at the start of the year.

With major projects in real estate, industry, energy, and infrastructure, along with new moves in AI and aerospace, Pham Nhat Vuong is expected to achieve further breakthroughs.

Globally, over the past few years, tech billionaires - particularly those in AI and aerospace - have seen explosive wealth growth.

According to Bloomberg, as of early November, six individuals worldwide each own personal fortunes exceeding $200 billion: Elon Musk ($457 billion), Larry Ellison ($317 billion), Jeff Bezos ($265 billion), Larry Page ($244 billion), Sergey Brin ($228 billion), and Mark Zuckerberg ($229 billion). These tech giants collectively control $1.7 trillion in wealth. The AI boom in 2025 alone added hundreds of billions to their fortunes.

Manh Ha