As of June 30, 2025, the total wealth of the top 20 richest people in the Vietnamese stock market reached VND 509,800 billion, a significant increase of VND 162,600 billion (equivalent to a 47% rise) compared to the end of 2024.
Mr. Pham Nhat Vuong , Chairman of Vingroup, remains at the top with a wealth of 214,700 billion VND, an impressive increase of 123,600 billion VND in just the first six months of the year (a 136% rise). This also marks the most significant increase on the ranking. On average, Mr. Vuong’s wealth increased by 682 billion VND per day.
The amount of wealth added is larger than the value of many large enterprises such as Vinamilk, Masan, and numerous banks.
Notably, Mr. Pham Nhat Vuong’s wealth is almost equal to the total wealth of the next ten people on the list combined.
Ms. Pham Thu Huong, Vice Chairman of Vingroup, and Ms. Pham Thuy Hang, Ms. Huong’s sister, both witnessed a 136% increase in their wealth compared to 2024 due to their holdings of VIC shares in Vingroup.
Following in second place is Mr. Tran Dinh Long , Chairman of Hoa Phat Group, with a stable wealth of 44,900 billion VND, a slight increase of 1,000 billion VND (2%).
In third place, Mr. Do Anh Tuan (Chairman of Sunshine Group) saw a significant increase of 9,500 billion VND, reaching 33,700 billion VND (a 39% rise). The wealth of Techcombank’s leaders, such as Mr. Ho Hung Anh and his relatives, also recorded increases ranging from 12% to 39%.
On the other hand, some billionaires experienced decreases in their wealth compared to 2024, including Mr. Truong Gia Binh (FPT, down 22%), Mr. Nguyen Van Dat (Phat Dat, down 13%), Mr. Ho Xuan Nang (Vicostone, down 24%), Mr. Dao Huu Huyen (Chairman of Duc Giang Chemical, down 12%), and Ms. Nguyen Thi Phuong Thao (Chairman of Vietjet Air, down 12%).
The Smart Money Loses Out to VN-Index
The top foreign-owned funds in Vietnam’s stock market have underperformed the VN-Index so far this year.
The Great ETF Exodus: Unraveling the Sudden Outflow of Funds from Vietnam, Particularly from Thailand
The Vietnam equity market witnessed another week of outflows, with ETFs investing in the country’s stock market experiencing net withdrawals of over VND 360 billion, a surge of 55% compared to the previous week.
HOSE Capitalization Up $6.9 Billion in Six Months: Pham Nhat Vuong Accounts for 80%, TCB and Gelex Contribute Over $1 Billion; FPT, VCB See Biggest Drops
The combined market capitalization of the four VinGroup companies witnessed an impressive surge of 549 thousand billion VND in the first half of 2025.
“Breaking: Warren Buffett and Bill Gates’s 30-Year Friendship Under Strain? Rumors Swirl Over Rift in Billionaire Philanthropy.”
Once a stalwart advocate of donating 99% of his wealth to charity, with a significant portion destined for the Gates Foundation, Warren Buffett has since changed his tune.
The Electric Car Manufacturing Plant in Vung Ang is Now Operational
The 36-hectare electric vehicle manufacturing plant in Vung Ang, Ha Tinh, is the second such facility in Vietnam and it is now officially operational.
