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Vietnamese billionaires’ assets grow to nearly US$3 billion more in 2021

The total assets of six Vietnamese billionaires by December 23 reached nearly 20 billion USD, an increase of nearly 3 billion USD compared to figures announced by Forbes at the beginning of the year.


Theo cập nhật mới nhất của Forbes, tính đến ngày 23.12 tỉ phú giàu nhất Việt Nam sở hữu khối tài sản lên tới 7,5 USD/oz. Ảnh chụp màn hình.

According to the latest update of Forbes, as of December 23, Pham Nhat Vuong - the richest man in Vietnam - owned a fortune of up to 7.5 billion USD. 

In early April, Forbes announced the list of world billionaires in 2021, with six in Vietnam. At that time, the total assets of Vietnamese billionaires were valued at 16.7 billion USD.

On December 23, also according to Forbes, the assets of these billionaires valued 19.5 billion USD, an increase of nearly 3 billion USD. This result comes from the sharp increase in share prices of related businesses during the year.

According to the latest update of Forbes, as of December 23, Pham Nhat Vuong - the richest man in Vietnam - owned a fortune of up to 7.5 billion USD.

Tran Dinh Long, Chairman Hoa Phat Group, ranked second, with $3.1 billion, followed by Ho Hung Anh of Techcombank with $2.6 billion, Nguyen Thi Phuong Thao of Vietjet with $2.5 billion, Nguyen Dang Quang of Massan with $2.2 billion, Tran Ba Duong of Thaco and his family members with $1.6 billion.


Ho Hung Anh and Nguyen Dang Quang, in terms of asset growth, take the lead among the six billionaires. Ho Hung Anh's assets, mainly related to Techcombank, has increased by more than 60% compared to the beginning of the year. The assets of Nguyen Dang Quang, mainly related to Massan, have risen by more than 80%.

Only the CEO of Vietjet Air – Nguyen Thi Phuong Thao – saw her assets fall from 2.8 billion USD to 2.5 billion USD. The pandemic dealt a heavy blow to the aviation industry, including Thao’s VietJet.

Tran Ba Duong and his family have been included in the Forbes list since 2018, currently owning 1.6 billion USD. Truong Hai Automobile Joint Stock Company (Thaco), owned by Mr. Duong's family with more than 70% of capital, is the second largest enterprise in the list of Top 500 largest private enterprises in Vietnam, although it has not been listed on the stock market.

Unlike the rest of the billionaires, Duong's assets cannot be determined by daily fluctuations on the stock market. As a result, his fortune changes only during each Forbes review period.


Vietnam may have new USD billionaires

Vietnam may have new USD billionaires

If assets are calculated according to the value of the stock market, Vietnam will have more USD billionaires.

Business stories: billionaires get richer

Business stories: billionaires get richer

The share price increases last week helped rich businesspeople become even richer.



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