pham nhat vuong
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One third of the sons and daughters of top businesspeople have been given opportunities to run businesses, and most of them have initiated reforms.
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.
Billionaires made big money in the Year of the Pig.
President of Hoang Anh Gia Lai Group Doan Nguyen Duc decided to spend VND240 billion to buy back HAGL bonds, while the owner of Yeah 1 lost VND2.2 trillion in 2019.
Thaco’s president spent big money to rescue Hoang Anh Gia Lai, while Vingroup’s president transferred the retail division to Masan to gather strength on automobiles and technology.
Pham Nhat Vuong, president of Vingroup, and Nguyen Thi Phuong Thao, CEO of Vietjet Air and vice president of Hdbank, top the 2019 list of Vietnamese stock billionaires.
Two of the five richest people in Vietnam had a poor start to the new year as they saw their net asset worth decrease.
Pham Nhat Vu, former chairman of private pay TV firm Audio Visual Global JSC (AVG), will not have to bear all liability for MobiFone’s losses in the MobiFone-AVG deal.
While August, or the seventh month of the lunar year, brought good luck to many stock billionaires, September proved to be an unlucky month for them.
In a proposal to the Ministry of Transport (MOT) to establish an air carrier, Vinpearl Air owned by billionaire Pham Nhat Vuong said it wants to choose Noi Bai as the base airport.
As the richest Vietnamese person with total assets worth $8.1 billion, Pham Nhat Vuong only ranks ninth among the wealthiest billionaires in Southeast Asia, according to Forbes.
Many big foreign investors are stepping up the sale of shares of leading enterprises in their business fields, raising concern about the departure of foreign capital.
Vietnamese automaker VinFast announced on Tuesday that the firm will officially put its automobile manufacturing factory into operation in June this year, three months earlier than scheduled.