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Update news Tran Dinh Long
There have been major changes in the positions of Vietnamese billionaires with two businessmen weeded out of Forbes' list of the richest billionaires in the world.
The HPG shares of Hoa Phat Group have seen a fall in price to VND35,900 per share, while billionaire Tran Dinh Long fell from the second position on the list of Vietnamese stock billionaires.
For the first time, Chairman Tran Dinh Long of Hoa Phat Group has been included on the list of the 1,000 richest billionaires in the world.
VietNamNet Bridge - Some years ago, Vietnam only had about 10 people holding shares worth VND1 trillion or more. But the figure rose to 50 by the end of 2017 and to 60 by the end of 2018.
The changes in policies being pursued by US President Donald Trump will have an impact on the pockets of Vietnamese billionaires.
Nguyen Dang Quang has been recognized as the third Vietnamese dollar billionaire. Pham Nhat Vuong, the first Vietnamese dollar billionaire, has seen his stock assets approaching the $5 billion threshold.
VietNamNet Bridge - Tran Dinh Long continues to conquer new heights while Trinh Van Quyet remains in the first position on the list of the richest stock billionaires.
VietNamNet Bridge - Many companies have reported profit increases in the first half of 2016, a sign that the national economy is warming up, according to economists.
Vietnam’s only one USD billionaire Pham Nhat Vuong retains the top spot, while Doan Nguyen Duc of Hoang Anh Gia Lai slipped to the third position, giving the second spot to the boss of Hoa Phat Group, Tran Dinh Long.