As of August 1st, the combined wealth of Vietnam’s top 20 richest people on the stock market stood at 551.2 trillion VND, a decrease of 32.1 trillion VND compared to July 25th. Mr. Pham Nhat Vuong, Chairman of Vingroup, remains the richest person on the stock market with a net worth of 233.5 trillion VND. However, his wealth declined sharply by 22.7 trillion VND within just one week, equivalent to a 9% drop. Compared to the beginning of 2025, his wealth has increased by 18.9 trillion VND, or 9%.
Mr. Tran Dinh Long, Chairman of Hoa Phat Group, maintained his second position with a net worth of 49.8 trillion VND, a slight decrease of 1.8 trillion VND from the previous week, but still reflecting an 11% increase since the beginning of the year.
Notably, Ms. Nguyen Thi Phuong Thao, Chairman of Vietjet Air, witnessed an impressive 34% growth in her wealth over the past month. As of August 1st, her net worth stood at 27.6 trillion VND, an increase of 6.9 trillion VND compared to the beginning of July. Her wealth also rose by 700 billion VND within the week.
The top 9 positions on the ranking remained unchanged from the previous week. Individuals associated with VPBank, such as Mr. Ngo Chi Dung, his wife, Hoang Anh Minh, and his mother, Vu Thi Quyen, all saw their wealth surge by 39% in the month, with each of them now holding 8.4 trillion VND.
Familiar names in the top 20 include Mr. Nguyen Dang Quang, Chairman of Masan Group; Mr. Do Anh Tuan, Chairman of Sunshine Group; Mr. Ho Hung Anh, Chairman of Techcombank; Mr. Truong Gia Binh, Chairman of FPT; Mr. Nguyen Duc Tai, Chairman of The Gioi Di Dong; and Mr. Bui Thanh Nhon, Chairman of Novaland, among others.
Proposed Title: A Luxury Proposition: The Vietnamese High-Roller’s Monthly Indulgence
The Ministry of Finance has proposed a unique proposition for Vietnamese citizens wishing to try their luck at local casinos. Under this proposal, locals will be required to purchase an entry ticket priced at 2.5 million VND, granting them access for a continuous 24-hour period. Alternatively, for frequent visitors, a monthly pass is offered at a cost of 50 million VND per person. This innovative approach aims to regulate and monetize the country’s casino industry while offering an exciting and exclusive experience to enthusiasts.
“Economic Growth and the Energy Transition: Walking Hand in Hand.”
To achieve double-digit growth, a nation must implement synchronized development strategies. Economic growth must go hand in hand with energy growth. Failing to prioritize energy growth will hinder any nation from achieving sustainable development.
“Implementing a 20% Tax on Real Estate Capital Gains: A Recipe for Price Hikes”
The proposed 20% personal income tax on property transfer profits is unlikely to curb rising prices, and experts suggest it could even fuel further price hikes.
“Welcoming Our Newest Partner: Tokyu Corporation Joins the Nam Long Family for Izumi City Project”
On July 30, 2025, Nam Long Investment Corporation (HOSE: NLG) reinforced its international cooperation strategy with the participation of Japan’s century-old conglomerate, Tokyu Corporation, in the Izumi City project.
“AI: The Ultimate Showdown”
“Vietnam is embracing the digital age with the rapid advancement of Artificial Intelligence (AI) – a key technology in the strategy to boost economic and social growth. Under the patronage of the Ministry of Public Security, Vietnam Television, the National Data Center, the National Data Association, and Techcombank have jointly announced the official launch of the “AI Master Challenge” on a national scale. This competition aims to identify top talent in the field of AI. The program is expected to be a highlight among initiatives to propel Vietnam towards becoming a hub for innovation, developing AI solutions, and applications with regional and global impact.”
