How wealthy are the businesspeople born in the Year of the Tiger?

LPBank Chairman

Mr. Nguyen Duc Thuy (Mr. Thuy) – currently the Chairman of the Board of Directors of Vietnam Post Cooperative Bank (LPBank – stock code: LPB) born in 1976 (Binh Thin), holding more than 61.6 million LPB shares, equivalent to 2.4% of the bank’s charter capital.

Currently, LPB shares have a price of VND 18,150 per share, with an estimated value of over VND 1,100 billion. Since the beginning of Q4/2023, this stock has increased by 31%.

Mr. Thuy took over as Chairman of LPBank at the end of 2022. According to the latest financial report, LPBank recorded a post-tax profit of VND 5,572 billion in 2023, up more than 23% compared to the same period. The total assets of LPBank reached VND 382,863 billion, up 17% compared to the end of 2022.

Before stepping into the banking industry, this businessman was quite famous in the football field and was closely associated with the name of Xuan Thanh Group in Ninh Binh (renamed Thaigroup).

REE Chairman

Ms. Nguyen Thi Mai Thanh, Chairman of the Board of Directors of REE Corporation (stock code: REE), born in 1952 (Nham Thin), holding over 49.8 million REE shares, equivalent to over VND 2,800 billion when the share price is VND 56,500 per share.

REE was established in 1977 with the predecessor of the State-owned Refrigeration and Electrical Appliances Company. The business area that this company is currently operating in is managing and leasing real estate business with a scale of over 130,000 m3 of office space for rent.

In addition, the company currently owns a total electricity capacity of 696 MW and a water capacity of 446,200 m3/day.

Looking back at the results of 2022, the after-tax profit of REE’s parent company reached VND 2,690 billion, an increase of 45%. This is the record profit of REE since the company’s financial report was announced (in 2000).

In the context of the economy continuously facing difficulties, especially in the real estate field, REE’s after-tax profit decreased by nearly 21% compared to the same period, reaching VND 2,786 billion.

The total assets of REE as of December 31, 2023 are VND 34,910 billion, an increase of 2.9% compared to the beginning of the year. Of which, cash and cash equivalents, along with investments held until the due date, reached VND 3,436 billion.

KBC Chairman

Mr. Dang Thanh Tam, born in 1964 (Giap Thin) is currently the Chairman of the Board of Directors of Kinh Bac Urban Development Corporation (stock code: KBC) since 2007 until now. In addition, Mr. Tam is also the Chairman of Saigon Telecommunication & Technologies Corporation (stock code: SGT).

Mr. Tam studied in the field of Marine Engineering, had internships in the UK, and worked at Saigon Shipping Company. He was ranked as the richest person in Vietnam in 2007 and the third richest person in Vietnam in 2008, 2009, and 2010 based on the value of owned shares.

Currently, with more than 138 million KBC shares (currently priced at VND 31,200 per share), more than 35 million SGT shares (VND 12,300 per share), and more than 29 million ITA shares (VND 6,310 per share), equivalent to Mr. Tam owning more than VND 4,900 billion.

In terms of KBC’s business results, the company reported a post-tax profit of VND 2,218 billion in 2023, an increase of 41% compared to 2022. Thus, it achieved 55% of the full-year profit target for 2023. It is worth noting that this is still the highest profit level of KBC since its listing on the stock market in 2007 until now.

VCS Chairman

Mr. Ho Xuan Nang, Chairman of the Board of Directors of Vicostone Joint Stock Company (stock code: VCS), born in 1964 (Giap Thin), owns over 5.98 million VCS shares and represents A&A Green Phoenix Group holding more than 122 million VCS shares, equivalent to over VND 8,000 billion.

In addition, Mr. Nang is also the Chairman of the Board of Directors of Vico Quang Tri Investment and Mineral Joint Stock Company and Style Stone Joint Stock Company. Regarding VCS’s business results, the revenue of VCS in Q4/2023 is only 94% compared to the same period, but the after-tax profit increased by more than 14% compared to the same period in 2022. Accumulated in 2023, Vicostone’s pre-tax profit reached VND 999 billion.

Mr. Nang is a student of engineering, graduating with a master’s degree in business at the Bach Khoa University. He spent a long time as a research student at the Hanoi University of Science and Technology and then became a research officer at the Agricultural Electromechanical Institute and Agricultural Products Processing from 1992 to 1996.