This marks Vuong’s first official entry into the global top 100 billionaires. Although he briefly broke into the list on November 25, this is the first time he’s firmly held his position. Forbes now places him ahead of Giancarlo Devasini, co-founder of Tether (the issuer of stablecoin USDT). Vuong is now the third-richest person in Southeast Asia, trailing only Prajogo Pangestu ($44 billion) and Indonesia’s Low Tuck Kwong ($24.5 billion).

Vuong’s net worth has increased nearly sixfold since the beginning of the year, when VIC stock was valued at just 40,000 VND ($1.64). He first joined the Forbes billionaire list in 2013 with a net worth of $1.5 billion, ranking 974th globally at the time.

The “Vin family” rally came amid a series of positive developments across Vuong’s ecosystem. VinSpeed, one of his newer ventures, is seen as a leading candidate for investing in the North-South high-speed railway, a project worth an estimated $61 billion. Analysts view VinSpeed favorably compared to lesser-known bidders, aside from Thaco, led by Tran Ba Duong.

VinGroup has proposed borrowing 80% of the railway project investment at zero interest.

The group has recently launched or is planning multiple mega-projects across real estate, energy, and infrastructure sectors, valued from several billion to tens of billions of dollars.

On December 19, Vuong is expected to break ground on a metro project linking Ben Thanh to the mega-urban area in Can Gio, covering thousands of hectares - another key initiative under his vast conglomerate.

His new venture, VinEnergo, will lead billion-dollar energy projects, while the newly established VinMetal plans to develop a high-tech industrial steel complex in Vung Ang with a phase-one capacity of 5 million tons per year. VinGroup is also investing around $18 billion in the Ha Long Xanh integrated urban project in Quang Ninh.

Earlier this month, Vuong launched VinSpace, a company in which he holds a 71% stake, focusing on aerospace manufacturing, including aircraft, satellites, and space transport systems. In October, Vuong and his family founded multiple firms in sectors ranging from steel (VinMetal) and elder care (Vin New Horizon) to entertainment (V-Film).

VinGroup shareholders recently approved the issuance of nearly 3.9 billion bonus shares, doubling its charter capital to over 77 trillion VND (around $3.15 billion), making it the largest non-financial firm on Vietnam’s stock exchange by charter capital.

Vuong’s ecosystem remains dominant in many sectors. In the first nine months of 2025, VinGroup reported a 34% year-on-year increase in revenue to nearly 170 trillion VND ($6.96 billion), while consolidated post-tax profit surged 290% to 7.565 trillion VND ($310 million).

Notably, foreign investors net-bought shares of VinGroup and Vinhomes on November 28.

Despite the rise of the Vin stocks, the broader market showed mixed signals, with more declines than gains and reduced liquidity. Most stocks in the VN30 group - including banks, consumer goods, tech, securities, and other real estate firms - ended in the red.

Manh Ha