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The most powerful families in Vietnam’s banking sector

Techcombank (TCB) and VP Bank (VPB) are now the two biggest private banks in Vietnam, while the families of Ho Hung Anh and Ngo Chi Dung, the biggest shareholders of the banks, are the most powerful families in the banking sector.

Of the lists of Vietnamese stock billionaires, Ho Hung Anh, chair of Techcombank, ranke second next to Pham Nhat Vuong, the first Vietnamese dollar billionaire recognized by Forbes.

 

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Sources said that in Vietnam’s banking sector, the businessman born in 1970 who started in East Europe is known as a godfather.

At Techcombank, Anh holds 39.30 million TCB shares, a small proportion, just 01.12 percent of total shares. However, his family members are big shareholders of the bank.

Nguyen Thi Thanh Thuy, Anh’s wife, and Nguyen Thi Thanh Tam, Anh’s mother, hold 174.130 million shares each, while Ho Anh Minh, Anh’s son, holds 137.95 million and Nguyen Huong Lien, Anh’s sister, 69.63 million shares.

Of the lists of Vietnamese stock billionaires, Ho Hung Anh, chair of Techcombank, ranke second next to Pham Nhat Vuong, the first Vietnamese dollar billionaire recognized by Forbes.

Anh’s family members holds total of 595,160,995 shares, worth VND15.206 trillion, according to the market price on April 1.

Anh and his wife are not only bankers. They are also big shareholders at Masan Group, holding 179 million MSN shares, valued at VND15.782 trillion.

As the owners of Techcombank and Masan, the stock assets held by Ho Hung Anh family are worth VND30.989 trillion, or $1.3 billion.

At Techcombank, Nguyen Canh Son is now deputy chair of the bank, and also chair of EuroWindow.

If calculating the value of TCB shares Son holds, Son, his wife (Nguyen Thi Phuong Hoa) and son (Nguyen Canh Son Tung) have VND2.936 trillion with 114.925 million shares.

However, VP Bank is the ‘emperor that created billionaire families’. Ngo Chi Dung and Bui Hai Quan are two of them.

VP Bank chair Ngo Chi Dung returned to Vietnam after reaping big success in Eastern Europe. Dung holds 113.687 VPB shares, or 4.63 percent of total shares.

His wife, Hoang Anh Minh, holds 125 million VPB shares, while his mother, Vu Thi Quyen, holds 120.7 million.

The three individuals are holding a total of 359.40 million VPB shares, worth VND7.278 trillion in total.

VPBank’s deputy chair Bui Hai Quan, a graduate of Kiev Economics University and his wife, Kim Ngoc Cam Ly, are also big shareholders of the bank with 165.225 million shares, worth VND3.346 trillion.

Lo Bang Giang is another powerful character at VP Bank. Giang, also graduating from a university in Kiev, is holding 3 million shares, but his mother, Ly Thu Ha, and his wife, Nguyen Thu Thuy, together with his sister, Lo Hai Yen Ngoc, are holding more than 111 million shares.

Other powerful families in the banking sector are from VIB Bank – Dang Khac Vy, chair of the bank, Dang Van Son, deputy chair, and Do Xuan Hoang, member of the management board.

 

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