Vietnam Prosperity Joint Stock Commercial Bank (LPBank) has disclosed that billionaire Pham Nhat Vuong, chairman of Vingroup, has become one of the bank's major shareholders.

Vin stocks hit ceiling levels, sending Vietnam’s richest man, Pham Nhat Vuong, soaring to USD18.1 billion in net worth.

Billionaire Pham Nhat Vuong transfers over 78 million Vingroup shares to VinSpeed to fund the North-South high-speed railway project.