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Update news pham nhat vuong
Pham Nhat Vuong's fortune has climbed to $37.8 billion as Vingroup companies report record profits and rising share prices. The conglomerate is expanding into railways, steel and major infrastructure projects to drive long-term growth.
A surge in Vingroup-linked stocks lifted Vietnam's VN-Index by 46.7 points to 1,738.67 on October 21, adding $2.3 billion to billionaire Pham Nhat Vuong's fortune and bringing his estimated net worth to $34.8 billion.
Companies linked to billionaire Pham Nhat Vuong have signed major contracts covering five metro lines in Hanoi, 200 trains and a steel production facility with annual capacity exceeding 700,000 tonnes, marking a major expansion into infrastructure.
From electric vehicles and steel to aviation and banking, Vietnam's eight US-dollar billionaires have helped build major private-sector businesses. Their next challenge is turning domestic success into global competitiveness.
Vietnamese billionaire Pham Nhat Vuong's fortune rose nearly $1 billion to $35.9 billion as Vingroup shares rebounded sharply, while the broader stock market recovered after five consecutive losing sessions.
VinFast has announced a resolution removing billionaire Pham Nhat Vuong from the position of chief executive officer of its Vietnam manufacturing entity, effective June 22.
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.