Stock Market Slumps, Yet Pham Nhat Vuong’s Wealth Surges, Securing Spot in Global Top 100 Richest

The stock market is ablaze, with the VN-Index plunging nearly 8 points, yet the fortunes of billionaires Pham Nhat Vuong and Nguyen Thi Phuong Thao continue to soar.

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The trading session on November 25th concluded on a negative note, as widespread selling pressure across the market dragged indices into the red.

Vietnam’s stock market closed the November 25th session in the red, with the VN-Index dropping 7.62 points, or 0.46%, to settle at 1,660.36. Broad-based selling pressure across various sectors weakened the index from the opening bell, preventing any recovery throughout the trading day.

Liquidity surged compared to recent sessions, with 912.56 million shares traded, reaching a value of over VND 26,956 billion, the highest level in several sessions. Despite increased trading volume, selling dominated, with 248 stocks declining and only 75 advancing.

Investors grew anxious as red dominated the market.

Within the VN30 basket, the index fell 6.76 points to 1,909.6, indicating significant selling pressure on large-cap stocks. Shares in banking, securities, steel, and real estate sectors declined uniformly. Foreign investors continued their strong net selling trend.

On the HOSE alone, foreign investors net sold over VND 340 billion during the November 25th session. Notably, SSI saw net selling of over VND 192 billion, VHM nearly VND 124 billion, VIC more than VND 136 billion, and VRE over VND 79 billion. Conversely, HDB, VNM, HPG, and FPT were among the few net bought by foreign investors, ranging from VND 60 billion to over VND 162 billion.

According to analysts, while the decline did not trigger widespread panic, it reflects a short-term correction as the market repeatedly fails to break through technical resistance levels. With persistent foreign selling and prevailing caution, the market is likely to continue trading in a narrow range in upcoming sessions, awaiting clearer signals from institutional investors and macroeconomic data.

Amid the market’s downturn, VIC shares of Vingroup remained resilient, rising VND 3,500 (+1.46%) to close at VND 243,000 per share, an all-time high.

At this price, Forbes values the wealth of Pham Nhat Vuong, Chairman of Vingroup, at USD 22.5 billion, an increase of USD 1.3 billion from the last update and triple the figure at the start of 2025. This places him 100th on the global billionaire list.

Additionally, Vingroup’s market capitalization now stands at approximately VND 950 trillion, leading the Vietnamese stock market and nearly double that of the second-ranked Vietcombank (VCB).

VJC shares also stood out with a strong rally, gaining 14.30 points, or 6.98%, to close at VND 219.10 per share. This marks the third consecutive day of significant gains, extending an impressive recovery streak that began mid-last week.

Forbes estimates Nguyen Thi Phuong Thao’s wealth increased by over 9% on November 25th.

Trading volume exceeded 3.21 million shares, valued at over VND 684 billion, indicating continued strong inflows into the aviation and tourism sector. Previously, VJC rose 5.24% on November 24th and 6.97% on November 20th, showcasing a sustained recovery trend.

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