In real-time updates from Forbes, the Vingroup Chairman’s wealth surged by $879 million (equivalent to 9.5%) this morning, propelling him into the top 300 richest people on the planet for the first time.
Compared to the beginning of April when Forbes released the list of global billionaires for 2025 (nearly 2 months ago), the Vingroup chairman’s wealth has increased by over $3.5 billion.
The stellar performance of Vingroup’s stocks has been the primary driver of the increase in billionaire Pham Nhat Vuong’s net worth.
Over the past year, Pham Nhat Vuong’s VIC has surged by more than 93%. This morning, VIC continued its upward trajectory, reaching a peak of VND 91,500 per share. Similarly, the VHM (Vinhomes) stock also soared to a near three-year high, touching VND 62,900 per share.
Meanwhile, VPL (Vinpearl), despite being recently listed, has witnessed a sharp upward trend since its debut.
With a net worth of over $10.1 billion, Mr. Vuong remains Vietnam’s richest person. Forbes currently recognizes four Vietnamese billionaires. The other three include Nguyen Thi Phuong Thao ($2.5 billion, aviation), Tran Dinh Long ($2.2 billion, steel), and Ho Hung Anh ($1.9 billion, consumer goods and banking).
Among these, only Ho Hung Anh recorded a slight increase (0.01%), while the other two billionaires, Thao and Long, witnessed a decrease in their net worth compared to the previous session.
Thao Van
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The HoSE matching liquidity slightly increased by 2.6% compared to the previous session, while the VN30 basket witnessed a more robust 10% surge. Trading of this blue-chip basket accounted for 62% of the entire exchange, with the VN30-Index climbing by 2.01% and setting a new peak since early May 2022.
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The VN-Index and HNX-Index exhibited a contrasting performance amidst weakening ADX indications, hinting at a potential sideways trend with interspersed gains and losses in upcoming sessions.
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“At the pinnacle of Vietnam’s wealth hierarchy stands billionaire Pham Nhat Vuong, the chairman of Vingroup conglomerate. With a staggering stock asset valuation of VND 179,600 billion, Vuong has witnessed a remarkable surge in his wealth compared to the previous year, amounting to an increase of nearly VND 88,600 billion, which translates to an impressive 97% growth.”
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The market regained its positive momentum, led by a few key stocks. By the end of the morning session, the VN-Index rose slightly by 0.12%, reaching 1,302.97. In contrast, the HNX-Index fell by 0.38% to 217.85. Despite the overall gain, the market breadth remained tilted towards decliners, with 369 stocks falling against 276 advancing ones.
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Vinpearl tops the leaderboard of stocks with the strongest gains, surging across four consecutive sessions, three of which hit the ceiling price.
