‘F2 Wave’ Sweeps the 2025 Market: ‘Heirs’ of Billionaires Pham Nhat Vuong, Bau Hien, and Bau Thuy Take the Field, Family Fortunes Soar

At Vingroup, the presence of billionaire Pham Nhat Vuong’s two sons is becoming more prominent. The eldest son, Pham Nhat Quan Anh, serves as the Vice Chairman and Permanent Vice President of VinFast, alongside the company’s breakthrough business results.

More than 79,000 VinFast electric vehicles of various models have been delivered to Vietnamese consumers in the first seven months, twice as many as the brand in second place. With a consistent monthly sales figure of 11,000-12,000 vehicles since the beginning of the year, VinFast has consistently outperformed its competitors in terms of sales volume.

Meanwhile, the younger son, Pham Nhat Minh Hoang (born in 2000), also made his public debut when he participated in welcoming state leaders at the VinFast factory.

Mr. Hoang is known for his role as a major shareholder of the investment fund VinVentures, with a total asset value of $150 million under management, and as the CEO of GF Trading and Services Joint Stock Company.

Just four months after its establishment in August 2024, the company became the leading car rental company in Vietnam, with more than 3,238 vehicles operating nationwide.

Vingroup’s stock is one of the “warrior stocks” that has seen a significant price increase since the beginning of 2025.

At Techcombank, this process is evident through the roles of Chairman Ho Hung Anh’s children. The eldest son, Ho Anh Minh, is the CEO of Masterise Group, while the two daughters, Ho Thuy Anh and Ho Minh Anh, hold important roles in the family’s Investment Council.

With direct ownership of approximately 138 million TCB shares, Mr. Ho Anh Minh’s role goes beyond management, as he also has a significant influence as a shareholder.

The increasingly prominent appearance of the second generation comes at a time of “perfect timing” for Techcombank, with positive macro factors and news about the upcoming IPO of its subsidiary TCBS (Kyte Commercial Securities).

The market has quickly quantified this, with TCB shares recording a growth rate of nearly 60% since the beginning of the year.

The leadership transition at SHB has also yielded positive results. Under the leadership of Do Quang Vinh, Vice Chairman of the Board of Directors and Vice President of SHB, the bank is promoting digital transformation and recorded a 20% increase in pre-tax profit in the first half of 2025 compared to the same period last year.

Meanwhile, his younger brother, Do Vinh Quang, manages the real estate and aviation sectors of the T&T Group.

SHB shares have grown by more than 121%, and SHS shares have increased by 161% since the beginning of the year.

Recently, Bầu Thụy’s daughter, Ms. Nguyen Ngoc My Anh, has drawn attention as she officially became the Chairman of Ninh Binh Football Club.

Although she does not directly hold LPB shares, the influence of her family’s activities has contributed to positive factors, pushing LPB share prices up by nearly 18% in just one week of trading (from August 11 to August 18), from the 40,500 VND/share range to a peak of 47,800 VND/share.

At Vietjet, Tommy Nguyen, the son of billionaire Nguyen Thi Phuong Thao, has previously appeared as the co-founder of Swift247, a logistics startup with extensive strategic cooperation with the airline.

Tommy’s presence in the media has become more familiar, especially at major events of national and international significance.

VJC shares have grown by more than 17% since the end of July, increasing from 125,000 VND/share to 146,500 VND/share.

The search for a successor for a business is always a matter of interest to investors, as it is an important factor in assessing the long-term prospects of the enterprise.

In the short term, it becomes an attractive investment story, where every move of the successor is closely watched and valued by the market. The fact that prominent entrepreneurs are introducing their heirs to the public at this time is also a “perfect timing” that creates a positive first impression for their children.