According to the latest update from Forbes, the wealth of billionaire Pham Nhat Vuong, Chairman of Vingroup, has surged to $17 billion, ranking him 140th among the world’s richest individuals. Since the beginning of the year, Vietnam’s wealthiest person has seen his net worth quadruple, alongside a remarkable leap of 560 positions on the Forbes list.
With a net worth of $17 billion, Pham Nhat Vuong has surpassed Dhanin Chearavanont, Thailand’s richest individual and Senior Chairman of Charoen Pokphand Group (C.P. Group). C.P. Group is Thailand’s largest private conglomerate, operating across diverse sectors including agriculture, food, retail, telecommunications, and real estate.
C.P. Foods, a subsidiary of C.P. Group, has been present in Vietnam since 1993 and is one of the largest foreign investors in the agriculture and food sectors. Notably, C.P. Vietnam operates a closed supply chain, spanning feed production, livestock farming, and food processing. In 2024, C.P. Vietnam achieved a record revenue of approximately 93 trillion VND.
Furthermore, Pham Nhat Vuong’s current wealth places him in close proximity to renowned figures on the Forbes list, such as Sir Jim Ratcliffe, founder and CEO of INEOS and Executive Chairman of Manchester United, and Pavel Durov, founder and CEO of Telegram, a leading encrypted messaging app.
Earlier this year, Pham Nhat Vuong’s meteoric rise on the Forbes list saw him surpass notable figures such as former U.S. President Donald Trump, Samsung Chairman Lee Jae-Yong, KKR co-founder Henry Kravis, and legendary investor Ray Dalio.
The billionaire’s wealth surge is primarily attributed to the strong performance of Vingroup’s stock (ticker: VIC), which reached an all-time high of 183,000 VND per share on September 30, pushing Vingroup’s market capitalization to an unprecedented 700 trillion VND—a historic milestone in Vietnam’s stock market.
The surge in VIC shares coincides with Vingroup’s launch of two major projects totaling 182 trillion VND in investment. These include the Tan Trao Industrial Zone Infrastructure Development Project (Phase 1) and the Hai Phong LNG Thermal Power Plant Project.
The Tan Trao Industrial Zone project, with a Phase 1 investment of over 4 trillion VND, is led by Vinhomes Hai Phong Industrial Park Investment JSC. Spanning nearly 227 hectares in Kien Hung and Nghi Duong communes, the project aims to enhance regional infrastructure.
The Hai Phong LNG Thermal Power Plant, located within the Tan Trao Industrial Zone, is a joint venture between Vingroup and VinEnergo Energy JSC, with an investment of over 178 trillion VND. Covering nearly 100 hectares, the plant is set to bolster Vietnam’s energy sector.
Previously, on September 20, 2025, the Deputy Head of the Provincial Economic Zone Management Board, Pham Van Tinh, approved Investment Decision No. 152/QD-KKT for a factory construction project in Ha Tinh. This project, led by Vinhomes Ha Tinh Industrial Park Investment JSC, focuses on manufacturing auxiliary components for electric vehicles.
Vincom Retail Surges to Upper Limit Following Announcement of Massive 4.5 Trillion VND Dividend Payout
Stock prices surged to 32,100 VND per share, marking the highest level in over three years since April 2022.
Unveiling Vingroup’s Mega Projects Stretching from North to South Vietnam
The past year has marked a remarkable “boom” for Vingroup, as the conglomerate has consistently launched and planned a series of mega urban projects spanning from the North to the South of Vietnam.
Market Pulse 30/09: Capital Flows Return as VN-Index Experiences Deep Correction
After a sharp decline at the start of the afternoon session, the market gradually recovered, closing near the reference level. However, the indices still ended the day in negative territory. The VN-Index closed at 1,661.7 points, down nearly 5 points, while the HNX-Index settled at 273.16 points, shedding 2 points.
Vingroup Plans to Issue VND 2.5 Trillion in Corporate Bonds
Vingroup is set to issue VND 2.5 trillion in 24-month bonds as part of its debt restructuring strategy.
Billionaire Pham Nhat Vuong Makes Unprecedented Move in History
The estimated value of Vingroup’s Chairman’s assets on the Vietnamese stock market currently stands at approximately 302 trillion VND.
