Vietnamese Billionaire Pham Nhat Vuong Sets Unprecedented National Record, Securing Top 3 Global Position

Vietnam’s stock market showed positive momentum in the final trading session of the week. Specifically, by the end of the session on October 10, the collective surge of Vingroup’s stocks, VIC and VHM, propelled the VN-Index to a new record high of 1,747.55 points. This marked the third consecutive session of gains for the VN-Index. However, liquidity slightly decreased compared to the previous session, reaching 33.941 trillion VND.

Notably,

during the October 10 session, all Vingroup stocks experienced significant gains.

Specifically, VIC and VHM both hit their upper limits, while VRE gained 6.2% and VPL rose by 2.1%. These four Vingroup stocks became the primary drivers of the market’s upward movement on October 10.

The highlight was

VIC, which surged to 192,000 VND per share.

This historic price represents a 360% increase since the beginning of the year.

Additionally, VHM of Vinhomes extended its winning streak to three consecutive sessions, setting a new record at 123,000 VND per share, equivalent to a return of over 200%. With this performance, Vinhomes’ market capitalization officially surpassed half a trillion VND, making it the third-largest listed company in the market, following Vingroup and Vietcombank.

Continuous Good News: Billionaire Pham Nhat Vuong Sets a New Record

On the day the VN-Index reached a new milestone and Vingroup’s stocks surged, billionaire Pham Nhat Vuong’s assets saw a significant increase.

According to Forbes,

by the end of the October 10 trading session, billionaire Pham Nhat Vuong added 1.1 billion USD to his net worth, bringing his total assets to 18.1 billion USD

(equivalent to over 447.55 trillion VND). With this wealth, the Chairman of Vingroup climbed to the 131st position on the list of the world’s richest individuals. This is a significant improvement from his ranking of 535th at the beginning of the year.

Notably,

the increase of over 1 billion USD placed billionaire Pham Nhat Vuong among the top three individuals with the largest asset gains globally on October 10.

According to Forbes, this wealth allowed billionaire Pham Nhat Vuong to surpass several prominent figures, including Samsung Chairman Lee Jae-yong, Thai billionaire Charoen Sirivadhanabhakdi (Chairman of TCC Group), Telegram founder Pavel Durov, AI billionaire Edwin Chen, Fraser and Neave (F&N) founder, Thai Beverage founder, and investment legend Ray Dalio…

Pham Thu Huong, Vice Chairwoman of Vingroup’s Board of Directors and wife of billionaire Pham Nhat Vuong, also saw a significant increase in her asset value, driven by the rise in VIC shares. With over 170.6 million VIC shares held directly, she currently owns assets valued at approximately 32.7 trillion VND, equivalent to over 1.2 billion USD.

Thus, as of now, Pham Nhat Vuong and Pham Thu Huong are the only billionaire couple in Vietnam to jointly hold assets exceeding one billion USD.

On the same day, October 10, Vingroup announced that it would seek shareholder approval via written consent for the issuance of shares to increase charter capital from owner’s equity and other matters within its authority (if any). The record date is October 30, 2025, and the approval process is expected to be completed in November 2025.

In another development, the Chairman of Vingroup reported the completion of the transfer of ownership of over 60 million VIC shares to VinEnergo, with the purpose of contributing additional charter capital. Following the transaction, billionaire Pham Nhat Vuong directly owns nearly 390 million VIC shares, equivalent to 10.04% of the company’s equity.

Billionaire Pham Nhat Vuong’s Conglomerate Receives Continuous Good News

According to experts, the continuous rise in “Vin” stocks over the past period is due to the numerous positive developments at Vingroup.

Most recently, on October 11, VinFast officially became the first automotive brand in Vietnam to surpass 100,000 vehicle sales in just the first three quarters of the year. This is the inevitable result after 11 consecutive months of being the “best-selling brand in Vietnam,” with increasing market share, solidifying VinFast’s absolute leadership in the domestic market.

Specifically, from the beginning of the year to the end of Q3, VinFast sold 103,884 vehicles,

achieving unprecedented sales in the history of Vietnam’s automobile market.

The Hanoi People’s Committee has also decided to reclaim land to allocate to investors for the development of the urban function area – Vinhomes Smart City. This 11-hectare plot is located at 233, 233B, and 235 Nguyen Trai Street, Khuong Dinh Ward (also known as the Cao – Xà – Lá area).

Additionally, Vincom Retail is preparing to receive a “massive” dividend from its subsidiary, Vincom Retail Operation Company. The total distributable profit is 4.48 trillion VND, payable via bank transfer to the owner’s account, with completion expected in Q3/2025.

Notably, Vingroup recently proposed to study the investment in a sea-crossing route connecting Can Gio and Ba Ria – Vung Tau (old) under the BT (Build-Transfer) model. According to the Group, investing in this sea-crossing route will reduce travel time, effectively connect functional regions within the city, and drive economic, social, and commercial development, as well as expand sustainable urban space.

Previously, on September 26, Vingroup officially commenced the Tan Trao Industrial Zone Infrastructure Development Project (Phase 1) and the Hai Phong LNG Thermal Power Plant project, which has the largest capacity in Vietnam and is among the world’s leading projects. The Hai Phong LNG Thermal Power Plant project has a total investment of over 178 trillion VND.