As of the latest stock market update on October 10th, Forbes (USA) lists Vietnam with 5 USD billionaires: Vingroup Chairman Pham Nhat Vuong, VietJet Air Chairwoman Nguyen Thi Phuong Thao, Hoa Phat Chairman Tran Dinh Long, Techcombank Chairman Ho Hung Anh, and Masan Group Chairman Nguyen Dang Quang.
These individuals are consistently featured in Forbes‘ rankings of the world’s richest people, solidifying the position of Vietnamese entrepreneurs on the international business stage.
Vietnam’s 5 USD Billionaires on Forbes List
Vingroup Chairman Pham Nhat Vuong
Pham Nhat Vuong, Chairman of Vingroup (Stock Code: VIC), currently ranks 131st on Forbes’ global billionaire list, with a net worth of $18.1 billion. He became Vietnam’s first Forbes-listed billionaire in 2013 and has consistently held the title of Vietnam’s richest person.
Domestically, he leads the list of Vietnam’s wealthiest individuals on the stock market, with assets exceeding 350 trillion VND (including direct and indirect holdings). Vuong’s influence, coupled with Vingroup’s extensive business ecosystem, significantly impacts market indices.
Vingroup originated as Technocom, founded in 1993 in Ukraine. In the early 2000s, Technocom returned to Vietnam, focusing on tourism and real estate with the initial brands Vinpearl and Vincom. In January 2012, Vincom and Vinpearl merged, officially operating as Vingroup.
Under Vuong’s leadership, Vingroup has become Vietnam’s leading private multi-sector conglomerate, operating in education, healthcare, real estate, industry-technology, and commerce-services. Vingroup symbolizes Vietnam’s entrepreneurial spirit, embodying innovation and ambition.
A pivotal moment came in 2017 when Vuong established the VinFast automobile manufacturing complex in Hai Phong, marking a new era for Vietnam’s automotive industry. Vietnam now joins the global automotive production map alongside the US, Japan, and South Korea.
In 2024, Vuong was honored by MotorTrend as one of the Top 50 most influential figures in the global automotive industry.
Recently, Vuong has expanded his ecosystem with groundbreaking ventures: VinMetal, VinEnergo, VinSpeed, and VinDynamics.
Pham Nhat Vuong
In late September, Vingroup established VinDynamics, focusing on humanoid robot research and development, emphasizing its commitment to technology and industry, particularly in creating “Made in Vietnam” robotic solutions.
Previously, in late 2024, Vingroup founded VinRobotics with a charter capital of 1 trillion VND. In early 2025, VinMotion was established with the same capital, aiming to develop Vietnam’s first multi-functional robots for both daily life and production, with ambitions to compete globally.
With VinDynamics, Vingroup now owns three robotics companies.
In the energy sector, Vingroup established VinEnergo to produce electricity and electrical equipment. Vuong cited three reasons for entering this field: creating a green ecosystem, addressing energy shortages, and contributing to national development.
In May 2025, Vingroup founded VinSpeed for high-speed rail development. By July, its capital increased from 6 trillion VND to 15 trillion VND. VinSpeed is preparing to develop the Ho Chi Minh City – Can Gio and Hanoi – Quang Ninh high-speed rail lines, with the North-South line pending government approval.
Most recently, in early October, Vingroup entered the metallurgy sector with VinMetal, investing 10 trillion VND in a high-tech steel complex in Vung Ang, with a Phase 1 capacity of 5 million tons annually.
VinMetal aims to supply materials for Vingroup’s core sectors, including Vinhomes real estate and VinFast electric vehicles. Vingroup also seeks to provide high-quality steel for national infrastructure projects, including high-speed rail lines.
Long-term goals include becoming a leader in green steel production, utilizing carbon-reducing technologies and renewable energy, thereby advancing Vietnam’s heavy industry.
VietJet Air Chairwoman Nguyen Thi Phuong Thao
Nguyen Thi Phuong Thao, Chairwoman of VietJet Air, is Vietnam’s first female USD billionaire and Southeast Asia’s first self-made female billionaire. With a net worth of $3.5 billion, she ranks 1,161st globally as of October 10th.
Domestically, she is among Vietnam’s top 5 wealthiest individuals on the stock market.
Nguyen Thi Phuong Thao
With the vision of making air travel accessible to all, Thao revolutionized Vietnam’s aviation industry, making flying a reality for millions. Under her leadership, VietJet has become Vietnam’s largest private airline, boosting tourism, trade, and international integration.
Beyond aviation, Thao invests in real estate through Sovico Holdings, known for significant domestic and international property investments and as a founding shareholder of VietJet Air.
Sovico Holdings operates in four key sectors: real estate, financial investment, energy, and aviation.
Notable Sovico deals include acquiring the Furama Resort, L’Alyana Ninh Vân Bay, Ana Mandara Cam Ranh, and Phu Long Real Estate (developer of Dragon City).
On October 10th, Sovico was awarded the development of Ho Chi Minh City’s Metro Line 4 (Dong Thanh – Hiep Phuoc Urban Area).
The 47.3 km project includes 25 km underground and 22 km elevated, with 37 stations and 2 depots. Sovico will establish a dedicated entity for the project, ensuring financial, personnel, and operational readiness for timely completion.
Thao also serves as Vice Chairwoman of HDBank, holding a significant stake.
In 2017, Forbes recognized Thao as Vietnam and Southeast Asia’s first female billionaire, with a net worth of $1.7 billion. She has been honored as one of the world’s most powerful women and a leading female leader in Asia, and her achievements are studied at Harvard University.
Hoa Phat Chairman Tran Dinh Long
Tran Dinh Long, Chairman of Hoa Phat Group, has a net worth of $3 billion, ranking 1,343rd globally. He is Vietnam’s second wealthiest individual on the stock market, with assets of nearly 59 trillion VND.
Tran Dinh Long
Known as Vietnam’s “Steel King,” Long has helped Vietnam achieve steel self-sufficiency, reducing import dependence. Hoa Phat has transformed the steel industry from small-scale to large-scale, integrated production, becoming Southeast Asia’s largest steel producer.
Long aspires to place Hoa Phat among the world’s top 20 steel producers within 5-10 years. In 2021, Hoa Phat entered the global top 50.
Recently, Hoa Phat partnered to produce high-speed rail steel, with production lines scheduled for 2026, supplying critical materials for Vietnam’s rail infrastructure.
Beyond steel, Long is prominent in agriculture. Hoa Phat entered this sector in 2015, establishing feed and livestock companies. It now leads Northern Vietnam’s egg market, producing 1 million eggs daily.
Techcombank Chairman Ho Hung Anh
Ho Hung Anh, with a net worth of $2.6 billion, ranks 1,514th globally. He is renowned for steering Techcombank to become Vietnam’s leading private bank.
Anh co-founded Masan Group and served as its Vice Chairman before focusing on Techcombank. His relationship with Masan remains strong, fostering mutual growth.
Ho Hung Anh
In 2019, Masan acquired Vinmart from Vingroup. This synergy boosted Techcombank’s CASA ratio, leading the industry since 2020.
Techcombank is now Vietnam’s fifth most valuable company and third in finance, behind Vietcombank and VPBank.
Under Anh’s leadership, Techcombank has won numerous awards, including Stevie Awards for innovation and recognition as Vietnam’s best bank by Global Finance, Finance Asia, and Euromoney.
Masan Group Chairman Nguyen Dang Quang
Nguyen Dang Quang, founder and Chairman of Masan Group, has a net worth of $1.2 billion, ranking 2,803rd globally. Masan dominates Vietnam’s fast-moving consumer goods market with iconic brands.
Nguyen Dang Quang
Masan’s ecosystem includes subsidiaries in food, beverages, meat processing, and minerals. Quang also serves as Techcombank’s First Vice Chairman.
Masan owns stakes in leading Vietnamese consumer goods companies, including Masan Consumer, Vinacafé, Cholimex Foods, Vissan, and Quang Ninh Mineral Water.
Under Quang’s leadership, Masan’s brands like Nam Ngư, Chinsu, Omachi, and Kokomi have become household names, promoting Vietnamese products globally.
Today, Masan products are ubiquitous in Vietnamese households.
Billionaire Pham Nhat Vuong Transfers Nearly 600 Million VIC Shares to Fuel Clean Energy, Green Taxis, and High-Speed Rail Dreams
Recently, Mr. Pham Nhat Vuong, Chairman of Vingroup’s Board of Directors, transferred ownership of over 60 million VIC shares to VinEnergo Energy Joint Stock Company to increase its share capital.
Who Truly Stands Behind Vietnam Exhibition Center’s ‘Century Steel Dome’?
To showcase the stature, ambition, and resilience of Vietnam’s business class, nothing speaks louder than the projects and structures that elevate the nation’s global standing. At the “Century Steel Dome” of the Vietnam Exhibition Center, that mark of excellence belongs to Vingroup and the three construction units: Đại Dũng, QH Plus, and ATAD.
Market Pulse 14/10: Selling Pressure Mounts, VN-Index Pauses
The surge in selling pressure during the afternoon session caused a dramatic reversal. The number of advancing stocks soared to over 520, significantly outpacing the nearly 240 declining stocks. At one point, the VN-Index plunged by almost 8 points.
Vingroup Chairman Pham Nhat Vuong Completes Transfer of 60 Million VIC Shares to VinEnergo as Capital Contribution
Chairman Phạm Nhật Vượng has pledged over 60 million VIC shares, representing 1.55% of Vingroup’s charter capital, as capital contribution to VinEnergo.
Nearly $200 Million Set to “Ding Ding” Into Vingroup’s Account, Boosting Phạm Nhật Vượng’s Empire
Here is the amount Vingroup received from VEFAC as dividend payment for the year 2025.
