The stock market made a successful turnaround on August 13, with the VN-Index reaching a new record high of 1,611.6 points. According to Forbes, the wealth of Vietnam’s billionaires also changed after this session.
Specifically, Vingroup Chairman Pham Nhat Vuong now has a net worth of $12.1 billion, an increase of $40 million from the previous day. With this wealth, Mr. Pham Nhat Vuong ranks 224th on Forbes’ list of the world’s richest people. His wealth increased thanks to the upward trend of VIC shares. On August 13, VIC rose 0.43%, closing at 116,000 VND per share.
Vietnam’s billionaire wealth as estimated by Forbes. (Photo: Screenshot)
Female billionaire Nguyen Thi Phuong Thao’s net worth reached $3.3 billion, a slight increase of $8 million. On August 12, Ms. Thao’s wealth also increased by $112 million due to the rise in VJC and HDB shares. She is currently ranked 1,181st in the world by Forbes.
Ranked third on the list of Vietnamese billionaires is Tran Dinh Long, Chairman of Hoa Phat Group. Mr. Long’s wealth decreased slightly by $41 million to $2.8 billion, placing him at 1,383rd in the world. On August 13, HPG shares fell by 1.4% to 28,100 VND per share.
Techcombank Chairman Ho Hung Anh has a net worth of $2.6 billion, a slight increase of $17 million from the previous session. Mr. Ho Hung Anh is currently ranked 1,514th in the world.
Masan Group Chairman Nguyen Dang Quang ranks 2,724th in the world with a net worth of $1.2 billion.
The combined wealth of these five Vietnamese billionaires stands at $22 billion, an increase of $3.3 billion compared to the beginning of July.
Unveiling Two New Strategic Pillars: Vingroup Proposes a Special Initiative with Phu Quoc Special Zone as the Epicenter
Vingroup, Vietnam’s leading conglomerate, has unveiled an exciting strategic expansion, diversifying into two new pivotal areas: Infrastructure and Green Energy.
“Young CEOs in the Billion-Dollar Ecosystem of Vietnam’s Tycoon, Pham Nhat Vuong: From Early Starters to Top US Tech Educators.”
The vast ecosystem of Mr. Pham Nhat Vuong is witnessing the emergence of a new breed of CEOs. Young, dynamic, and internationally experienced, these leaders are at the helm of the group’s core businesses, spanning from automotive and technology to services.
Foreign Sell-Off: 13th August Session Sees Massive Foreign Outflow of Over VND 1,500 Billion – Which Stocks Took the Biggest Hit?
“SHB stocks witnessed a significant boost in foreign investment today, as foreign investors net bought a substantial 130 billion VND worth of shares, making it the most actively traded stock in the market.”
The Retail Investors’ Surprise: Buying Spree in the Millions on August 13th – Which Stock is the “Hot Pick”?
The local brokers went against the foreign brokers and returned to net buying on the HOSE.
Stock Market Update: Riding the Wave or Missing Out?
Today’s session (August 13th) saw the VN-Index fluctuate around the 1,600-point mark multiple times. The intense back-and-forth movement at this strong resistance level has put investors in a tricky situation: buying now risks buying at the peak, but selling early could mean missing out on potential gains. Experts suggest that if the market undergoes a technical correction until the end of August, it would present an opportunity to enter instead of rushing to buy at higher prices.
