Billionaire Nguyen Thi Phuong Thao’s wealth surges, as seen in this HDB image.
The stock market opened on October 22 with bottom-fishing demand driving a recovery in prices. Despite significant volatility, the index closed higher. Experts predict a potential rebound in today’s session.
Previously, on October 21, Vietnam’s stock market closed in the green, with many stocks rebounding strongly. The VN-Index rose by 27 points, or 1.65%, to 1,663.43 points. Similarly, the HNX-Index gained 1.63 points, or 0.62%, to 264.65 points. Trading values on HOSE and HNX reached VND 47,999 billion and VND 3,676 billion, respectively.
Notably, on October 21, Vietjet’s VJC stock performed best among airline stocks. At one point, it hit the ceiling price of VND 186,700 per share. By session close, VJC settled at VND 180,000 per share, up VND 5,500 (3.15%) from the previous session, with over 4 million shares traded.
Additionally, HDBank’s (HoSE: HDB) shares also surged to the ceiling price of VND 32,350 per share, a 6.94% increase.
The simultaneous rise of VJC and HDB shares significantly boosted billionaire Nguyen Thi Phuong Thao’s wealth.
Specifically, with VJC’s gains, Thao’s holdings of over 47.4 million VJC shares (8% of charter capital) are valued at approximately VND 8,500 billion.
Through Sunny Investment Company and Sovico Corporation, she indirectly holds an additional 154.7 million and 41.1 million VJC shares, respectively, equivalent to 26.16% and 7.59% of Vietjet’s capital. Thus, her total VJC holdings are valued at over VND 35,000 billion.
Similarly, her 131 million HDB shares (3.73% of charter capital) are valued at around VND 4,200 billion.
Therefore, Thao’s total wealth from these two listed stocks on Vietnam’s stock market is approximately VND 47,500 billion, or over USD 1.8 billion.
According to Forbes, billionaire Nguyen Thi Phuong Thao’s net worth is USD 4.3 billion, up USD 133 million (+3.22%), ranking her 954th globally. Notably, on October 21, she briefly ranked 950th, the highest position ever achieved by a Vietnamese female billionaire. This maintains her status as Vietnam’s second richest individual, after Vingroup Chairman Pham Nhat Vuong.
Vietnam and Southeast Asia’s First Female Dollar Billionaire
Billionaire Nguyen Thi Phuong Thao is Vietnam’s only self-made female billionaire to date. Photo: VGP
Born in 1970, Nguyen Thi Phuong Thao is Vietnam’s first woman to achieve this milestone.
In 2011, when Vietjet Air launched, Thao achieved the unprecedented feat of making Vietnam one of the few countries with a globally operating private airline. Today, Vietjet is among Asia-Pacific’s most dynamic airlines, serving over 100 international destinations.
Beyond aviation, Thao has made her mark in finance, energy, technology, and infrastructure development.
Sovico Group, chaired by Thao, is involved in numerous national-scale projects and international collaborations with Airbus, Boeing, UNESCO, and more.
October 21st Session: Bank Stocks Rebound, One Stock Hits Upper Limit
At the close of trading on October 21st, the banking sector saw a positive trend with 16 out of 27 stocks ending the day in the green. Notably, HDBank’s HDB stock hit its upper limit, while several others climbed 2-3%.
Soaring High with VJC: The Aviation Industry’s Rising Star (Part 2)
Despite lingering challenges that require attention in the coming period, Vietjet Aviation Joint Stock Company (HOSE: VJC) continues to captivate the investment community with its strong appeal. According to valuation model results, VJC’s stock price remains attractive for long-term investment opportunities.
Vietjet Shares Surge Near Limit Up After Market’s Record Slump, Adding Over $86 Million to Billionaire Nguyen Thi Phuong Thao’s Fortune
Alongside her stake in VJC, billionaire Nguyen Thi Phuong Thao holds shares in HDBank (HDB). Currently, HDB shares are trading at 30,950 VND per share, marking a 2.3% increase.
Foreign Investors Pour Nearly VND 2.5 Trillion into Vietnamese Stocks on October 21, with FPT in the Spotlight
In the afternoon trading session, FPT shares witnessed the most significant net inflow from foreign investors across the entire market, with a remarkable surge in value reaching 529 billion VND.
Record-High Margin Debt: Major Brokerages Nearing Lending Limits
Leading the pack in equity capital (VCSH) are firms like TCBS, SSI, VNDirect, VPBankS, and VIX, all of which still have significant lending capacity. In contrast, the margin-to-equity ratio at other securities companies such as HSC, Mirae Asset, MBS, and KIS VN is nearing its maximum limit.
