Closing 2023, VN-Index increased by 12.2%, however, not all stocks in the market were in sync with the index.
While traders can swing trade or buy and sell stocks based on market fluctuations, most large business owners maintain a certain percentage of ownership. The assets of large billionaires, therefore, are closely linked to stock price fluctuations in the market.
According to Forbes statistics, by the end of 2023, Vietnam will have 6 USD billionaires, of which the richest position in the country has yet to be replaced by Mr. Pham Nhat Vuong - Chairman of the Board of Directors (BOD) of Vingroup.
Vietnam's USD billionaires, according to Forbes (Photo: Synthesis).
Mr. Pham Nhat Vuong's assets currently reach 4.7 billion USD, ranking 633rd in the list of the world's richest people recorded by Forbes .
In 2023, Mr. Vuong's ownership at Vingroup fluctuated in the context that 50.8 million VIC shares (equivalent to 1.31% of Vingroup's charter capital) were used by him to contribute capital to establish Green and Smart Mobility Joint Stock Company (GSM) - the unit operating the SM Green taxi company.
With the successful listing of VinFast on the US Nasdaq stock exchange in August, Mr. Pham Nhat Vuong was once ranked 16th on the list of the world's richest people by Forbes , which calculated Mr. Vuong's assets based on price fluctuations of VinFast shares, the car company in which Mr. Vuong owns 100% of the interests.
Mr. Vuong currently directly holds 691.27 million Vingroup shares, accounting for 17.87% of the group's charter capital.
On the stock market, Vingroup's VIC stock closed on December 29 at VND44,600/share, up 6.83% from the end of November but still down 17.1% from the beginning of the year. VIC once reached a closing price of VND75,600 on August 16, but Vingroup's stock has now corrected 41% from its peak.
Ms. Nguyen Thi Phuong Thao, CEO of Vietjet Joint Stock Company, regained the position of the second richest person in Vietnam from Mr. Tran Dinh Long - Chairman of Hoa Phat Group. "Madame" Thao's assets are 2.4 billion USD, slightly higher than the "steel king's" 2.3 billion USD.
Last year, while Hoa Phat's HPG stock recovered strongly by 55.3%, Vietjet's VJC stock decreased slightly by 1.37%. The strong increase in HPG's price also helped Mr. Tran Dinh Long become the billionaire with the most significant asset growth among USD billionaires, surpassing Mr. Ho Hung Anh - Chairman of Techcombank.
Mr. Ho Hung Anh and Mr. Nguyen Dang Quang - Chairman of the Board of Directors of Masan Group - both own large shares of MSN and their assets are significantly affected by the price movements of this stock. MSN shares closed 2023 at VND67,000, down 28% compared to the beginning of the year and down 35.4% compared to the peak of VND103,700 set at the end of January.
MSN was at VND57,800 at the end of October, causing Mr. Nguyen Dang Quang to leave the billion-dollar mark. The end of 2023 also marked the return of Mr. Nguyen Dang Quang after a period of absence from the list of the world's richest people.
According to Forbes , the assets of Mr. Ho Hung Anh and Mr. Nguyen Dang Quang are 1.4 billion USD and 1 billion USD respectively, ranked 2,142nd and 2,580th in the world.
The assets of Mr. Tran Ba Duong - Chairman of Thaco Group - and his family reached 1.5 billion USD, ranked 2,025th in the world.
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