Vietnam loses one billion USD as it enters the Year of the Dragon

Closing out the last trading session of the lunar year, Vietnamese billionaires' assets have recorded positive changes, following an upward trend. However, according to Forbes' list, Vietnam now has only 5 USD billionaires, down by 1 person compared to the magazine's latest announcement (April 2023).

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Before entering the Lunar New Year holiday,
the domestic stock market maintains a positive trend, with the VN-Index aiming for 1,200 points. Since the beginning of 2024 until now, just one month, the main index has increased by more than 6%, signaling a positive outlook compared to the 12% increase for the whole of 2023. The market is moving positively, and the assets of Vietnamese billionaires are increasing in value.

According to the Forbes list of billionaires, currently, Vietnam has 5 billionaires in USD, including:
Vingroup Chairman Pham Nhat Vuong, VietJet Air Chairwoman Nguyen Thi Phuong Thao, Hoa Phat Chairman Tran Dinh Long, Thaco Chairman Tran Ba Duong and family, Techcombank Chairman Ho Hung Anh.

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Before entering the new year of Giap Thin, Vietnam has 5 billionaires in USD according to the Forbes list.

Chairman of Vingroup
Pham Nhat Vuong
tops the list of the richest people in Vietnam with a wealth of 4.5 billion USD, ranked 648th in the world. On February 7, Vuong’s assets increased by an additional 7 million USD when all three “Vingroup” stocks rose in price. VHM increased the most by 2% to 41,800 VND / share. VRE increased by 0.9% and VIC increased slightly by 2%.

In second place in Forbes’ ranking of Vietnamese billionaires is Nguyen Thi Phuong Thao – Chairwoman of the Board of Directors of Vietjet Air. Before entering the new lunar year of Giap Thin 2024, she owns assets of 2.4 billion USD, ranking 1301st in the world. Also in the last trading session of the year, her assets increased by an additional 27 million USD, amidst the rise of VJC shares by 0.8% and HDB by 2.4%.

Next on the Forbes ranking is Tran Dinh Long. The wealth of Hoa Phat’s chairman
increased to around 2.3 billion USD, ranking 1341st in the world’s richest billionaires. On the day of the Lunar New Year, Long’s assets increased by an additional 8 million USD, when HPG shares had a slight increase of 0.36%. HPG has had a continuous 5-day streak of rising prices.

The 4th position belongs to Chairman of Thaco
Tran Ba Duong and his family, with assets of 1.5 billion USD, ranking 1980th in the world. Techcombank Chairman Ho Hung Anh is the last on Forbes’ list of Vietnamese billionaires. In the last trading session of the year, TCB is one of the most impressive traded stocks in the market, leading the banking group. TCB increased by 4.63% to 37,300 VND / share.

While the assets of the billionaires are increasing, Nguyen Dang Quang – Chairman of Masan
– has dropped out of Forbes’ ranking, as his assets fell below the 1 billion USD mark. Recently, Quang’s assets have fluctuated around the 1 billion USD mark, at times dropping below 1 billion USD according to Forbes’ calculations.

Chairman of Masan first entered the list of
world billionaires
in 2019 with assets of 1.3 billion USD and has appeared in 3 annual updates of this magazine. In April 2022, Quang’s assets were recorded at 1.9 billion USD, the highest according to Forbes’ statistics. In recent years, he has continuously entered and then left Forbes’ list, with assets fluctuating between 1 – 1.9 billion USD.