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Billionaire Pham Nhat Vuong Completes Landmark $470 Million Transaction

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Prior to the transaction, Mr. Vuong held nearly 450 million shares of VIC, representing 11.59% of the corporation’s chartered capital. Upon completion, his direct ownership stake decreased to just over 10%, equivalent to approximately 390 million shares.

Vietnamese Billionaire Pham Nhat Vuong’s Wealth Surges by $1 Billion to $18.1 Billion, Ranking...

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According to Forbes' latest update on October 10th, billionaire Pham Nhat Vuong’s net worth has surged to $18.1 billion, marking a $1.1 billion increase from the previous day. This impressive growth places him at the 131st position among the world’s wealthiest individuals.

Vietnam Opens Cryptocurrency Arena, Boosting the Digital Economy

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Deputy Prime Minister Hồ Đức Phớc has signed and issued Resolution No. 05/2025/NQ-CP dated September 9, 2025, by the Government of Vietnam, regarding the pilot implementation of the cryptocurrency market in the country. This resolution will take effect from September 9, 2025.