Vietnam's richest man's assets swell, increasing by billions of dollars

Mr. Pham Nhat Vuong, Chairman of Vingroup Corporation - Photo: VGP/Nhat Bac

The stock trading session on March 7 recorded a positive increase from the Vingroup family of stocks. In particular, the code VIC of Vingroup Corporation suddenly increased to the ceiling (+6.97%).

This is also the only code that increased by the full amplitude in the VN30 group today, becoming the code with the greatest contribution in bringing the VN-Index to a new high.

Not only VIC, Vinhomes' VHM also made shareholders excited with an increase of more than 3%. Meanwhile, Vincom Retail's VRE added nearly 2% to its market value.

Liquidity of all three stocks exploded. Of which, VIC recorded a trading volume of nearly 12 million units, more than 5 times higher than the average session in the past 3 months. VHM also recorded nearly 18 million shares being "changed hands".

Thanks to the increase in market prices, shareholders who own many shares of Vingroup family have experienced a visible increase in their assets.

Currently, billionaire Vuong still holds 691.27 million VIC shares of Vingroup, equivalent to about 18% of the group's charter capital. The rest, Mr. Vuong owns through his own companies.

Quite quickly, the assets of Mr. Pham Nhat Vuong - Chairman of Vingroup Corporation - were updated by Forbes to 5.6 billion USD as of March 7. This asset has increased by 1.5 billion USD compared to the beginning of this year.

Forbes has its own way of calculating the net worth of billionaires, in which asset value based on the size of stock ownership is an important indicator.

Also according to Forbes, Mr. Vuong is currently ranked 611th in the world's richest people list, up significantly from 839th at the beginning of the year.

Last year, the VN-Index increased by more than 12% but many bluechip stocks were under pressure from foreign net selling, such as Vingroup's VIC (-9%).

Because of that, Mr. Vuong's assets have been significantly depleted. This year, the situation has turned around when VIC's market price has recovered 12% in the past 10 days.

Possessing a large fortune, Mr. Vuong is focusing all his efforts and enthusiasm on making electric cars, with a commitment of 50,000 billion VND in personal funding.

Tuoitre.vn

Source: https://tuoitre.vn/tai-san-nguoi-giau-nhat-viet-nam-phinh-to-tang-them-ca-ti-usd-20250307163647778.htm