According to the latest updates from Forbes as of May 8, billionaire Pham Nhat Vuong, Chairman of Vingroup, has become the first Vietnamese in history to amass a fortune of $9 billion. This figure propels Chairman Vuong to the 330th spot on the list of the world’s richest people.
Remarkably, the Vietnamese billionaire’s wealth surpasses that of Samsung Chairman Jay Y. Lee, who holds $8.6 billion and ranks 352nd on the Forbes list of global billionaires.
It is important to note that Forbes’ calculations of wealth may not reflect the actual assets of the billionaires and should be used as a reference only.
The surge in VIC share prices has significantly boosted billionaire Pham Nhat Vuong’s net worth. Following the news of Vinpearl (VPL) setting its debut date on the stock exchange, the shares of its parent company, Vingroup (VIC), have consistently outperformed, reaching a three-year high (since June 2022).
During the morning session on May 8, VIC share prices surged 5.3% to 77,100 VND per share (as of 11:20 am). The corresponding market capitalization stood at nearly VND 295,000 billion (~$11.4 billion). This solidifies the Pham Nhat Vuong-led corporation’s position as the top private enterprise in the stock market.
Turning our attention back to Vinpearl, on May 13, over 1.79 billion VPL shares will officially be listed on HoSE. The reference price for the first trading day is set at 71,300 VND per share, equivalent to a valuation of nearly VND 130,000 billion (~$5 billion). This places Vinpearl among the most valuable enterprises on the stock exchange, surpassing notable names such as Masan, Vinamilk, and numerous banks.
Consequently, Pham Nhat Vuong will have another billion-dollar enterprise on the stock exchange, following Vingroup, Vinhomes, Vincom Retail, and VEFAC. Vingroup is currently Vinpearl’s largest shareholder, holding over 1.5 billion VPL shares, equivalent to 85.5% of its charter capital.
In addition to Vinpearl’s story, Vingroup has been inundated with good news from the operations of VinFast, along with a string of monumental projects in real estate, infrastructure, energy, and more.
Most recently, at the 2025 Annual General Meeting of Shareholders, Mr. Pham Nhat Vuong announced that Vingroup would be adding two new pillars to the group: infrastructure and energy.
In terms of infrastructure, the group will invest in two railway routes: Phu My Hung-Can Gio and Hanoi-Quang Ninh. Additionally, Vingroup will register to invest in ports.
As for energy, the focus will be on green energy. “The first reason for investing in green energy is that many people say that our electric cars are not green because they are charged using thermal power. Secondly, Vietnam is facing an electricity shortage. Thirdly, many senior leaders have called on large enterprises to contribute to the country’s development,” explained Mr. Vuong.
Regarding first-quarter business results, Vingroup recorded a consolidated net revenue of VND 84,053 billion, a remarkable 287% increase compared to the same period in 2024. This impressive growth is attributed to the positive performance in the fields of industrial production and real estate development and investment. This quarterly revenue marks a historic high for Vingroup. Consolidated after-tax profit reached VND 2,243 billion, a 68% increase compared to the same period in 2024.
For the full year 2025, the group has set a target of approximately VND 300,000 billion in net revenue from production and business activities and VND 10,000 billion in after-tax profit. These figures represent a 56% and 90% increase, respectively, compared to the results of 2024. With these first-quarter achievements, Vingroup has accomplished 28% of its revenue plan and 22% of its profit target.
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Celebrating 80 years of Vietnam’s Independence, this is a special task to commemorate this momentous occasion.
The Pearl of Vietnam’s Stock Market: Vinpearl’s HoSE Listing Leaves Rivals in the Dust
With a valuation of approximately 128 trillion VND, Vinpearl has surpassed veteran brands such as Vinamilk, ACB Bank, and the Masan Group to become one of the top-capitalized companies on the Vietnamese stock exchange.
Vingroup Successfully Issues 2,000 Billion VND of Bonds
“On May 5, 2025, Vingroup successfully offered a total of VND 2,000 billion of bonds with the code VIC12504 with a term of 24 months. This significant achievement showcases Vingroup’s strong presence and reputation in the market, solidifying its position as a leading enterprise in Vietnam.”
The Capital’s Colossal Venture: Vingroup’s International-Scale Project Nears Completion for its Special Mission
As we approach the special occasion of National Day on the 2nd of September, all eyes are on the upcoming project by Vingroup. This prestigious development promises to be a landmark undertaking, with a unique mission that will be unveiled during the patriotic celebrations. Stay tuned for more details on this exciting venture, as we anticipate a remarkable showcase of expertise and innovation from one of the leading developers in the industry.
Vingroup’s Revenue Reaches 84,053 Billion VND in Q1/2025, Surging by 287%
Vingroup Group (HOSE: VIC) has announced its consolidated financial statements for the first quarter of 2025, reporting impressive results with a 287% surge in revenue to VND 84,053 billion and a 68% increase in after-tax profit to VND 2,243 billion compared to the same period last year.
