According to Forbes’ World Billionaires List, updated as of December 1, 2025 (Vietnam time), billionaire Pham Nhat Vuong has amassed a fortune of $24.3 billion. This places the Chairman of Vingroup Joint Stock Company (Stock Code: VIC, HoSE) at the 94th position among the world’s wealthiest individuals, maintaining his status as Vietnam’s richest person.
Vuong’s wealth surge coincides with the continued strong performance of VIC shares on the stock market. During the morning trading session on December 1, 2025, VIC shares were trading at VND 272,100 per share, marking a 4.5% increase from the previous session.
As of November 26, 2025, Vuong holds over 389.9 million VIC shares, representing a 10.048% stake in Vingroup.
Billionaire Pham Nhat Vuong and billionaire Nguyen Thi Phuong Thao
Two other Vingroup ecosystem stocks, VHM of Vinhomes Joint Stock Company (Stock Code: VHM, HoSE) and VRE of Vincom Retail Joint Stock Company, are also trading positively at VND 105,000 and VND 34,800 per share, respectively.
A significant portion of Vuong’s wealth is also tied to VinFast, a company listed on the Nasdaq (USA) under the ticker VFS.
Forbes’ update reveals that Vietnam is home to five USD billionaires as of December 1, 2025.
Following Vuong is Nguyen Thi Phuong Thao, Vice Chairwoman of Ho Chi Minh City Development Commercial Joint Stock Bank (HDBank) and Chairwoman of Vietjet Aviation Joint Stock Company. Thao’s net worth stands at $4.7 billion, ranking her 863rd globally.
On the morning of December 1, 2025, Vietjet’s VJC shares were trading at VND 207,500 per share, up 1.97% from the previous close.
According to the 2025 semi-annual governance report, Thao owns nearly 47.5 million VJC shares, equivalent to an 8.02% stake in Vietjet. At the current trading price, her VJC holdings are valued at approximately VND 9,850 billion.
Additionally, HDBank’s HDB shares are trading at VND 31,550 per share. Thao holds nearly 130.8 million HDB shares, valued at around VND 4,125 billion based on the current trading price.
With her substantial assets, Thao ranks above Vietnam’s three other USD billionaires on Forbes’ list as of December 1, 2025.
In third place is Tran Dinh Long, Chairman of Hoa Phat Group, with a net worth of $2.7 billion, ranking 1,482nd globally.
Fourth is Ho Hung Anh, Chairman of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), with assets totaling $2.3 billion, placing him 1,711th worldwide.
The final Vietnamese entrepreneur on Forbes’ billionaire list is Nguyen Dang Quang, Chairman of Masan Group, with a net worth of $1.1 billion, ranking 2,949th globally.
Unprecedented: Vietnamese Entrepreneur Gains $6.5 Billion in Wealth in Just One Month
Pham Nhat Vuong, Chairman of Vingroup, maintains his top position on the wealth rankings with a remarkable 36% surge in his net worth over just one month. His fortune has climbed to an impressive 584.7 trillion VND, up from 428.9 trillion VND previously.
Vingroup’s Market Cap Surpasses $43 Billion, Equal to Combined Value of Vietcombank, VietinBank, and BIDV
Vingroup’s remarkable surge has propelled its market capitalization beyond the $43 billion mark, making it the first Vietnamese enterprise to achieve this historic milestone.
Vingroup’s Triumph: Billionaire Pham Nhat Vuong’s Two-Month Milestone of Two Trillion-Dollar Achievements Sets Stage for Third Monumental Goal
Upon solidifying its dominant position with both market capitalization and total assets surpassing the 1 billion USD milestone, Vingroup swiftly initiated strategic moves within VinSpeed and VinMetal to forge a third growth pillar for the coming decade.
Vietnam’s First Enterprise Surpasses $43 Billion in Market Capitalization
At the close of today’s trading session (November 28), Vingroup’s VIC shares surged by 5% to reach 260,400 VND per share. This milestone propelled Vingroup’s market capitalization past the 1 quadrillion VND mark for the first time in its history, making it the first Vietnamese company listed on the stock exchange to achieve this remarkable feat.
VN-Index Surges Near 1,700 Points as Billionaire Pham Nhat Vuong Joins the World’s Top 98 Wealthiest Individuals
The weekend trading session of November 28th concluded with a mixed performance, as the VN-Index managed to stay in the green while the overall market was dominated by a sea of red.
