Mr. Nguyen Dang Quang owns assets of 1 billion USD, according to Forbes - Photo: MSN
Vietnam welcomes the new year with 6 USD billionaires
The list of Vietnamese billionaires, according to the latest update (February 2, the 5th day of the Lunar New Year) by Forbes, recorded 6 people, including: Mr. Pham Nhat Vuong - Chairman of Vingroup, Mr. Tran Dinh Long - Chairman of Hoa Phat, Ms. Nguyen Thi Phuong Thao - CEO of Vietjet Air, Mr. Tran Ba Duong - Chairman of Thaco, Mr. Ho Hung Anh - Chairman of Techcombank and Mr. Nguyen Dang Quang - Chairman of Masan.
Mr. Quang, who had just left the rankings at the end of the year of the Dragon, has now returned. According to the latest statistics, Mr. Quang's assets are just over 1 billion USD, ranking him 2,718th in the world's richest people.
Masan's Chairman was first recognized as a USD billionaire in the first announcement in 2019. Since then, Mr. Quang has been a rather special case when he has continuously appeared in and out of the rankings with a net asset size often hovering around the 1 billion USD mark.
Forbes has many criteria to calculate the net worth of businessmen, including stock value. Last year, MSN was under considerable pressure when foreign shareholders withdrew a large amount of capital.
billion dollars
Net worth of Vietnamese USD billionaires
2-4-2024
2-2-2025
Mr. Pham Nhat Vuong
Ms. Nguyen Thi Phuong Thao
Mr. Tran Dinh Long
Mr. Ho Hung Anh
Mr. Tran Ba Duong
Mr. Nguyen Dang Quang
0
1
2
3
4
5
Thus, if including all 6 billionaires, the net worth is 13.4 billion USD, down 500 million USD compared to Forbes ' data in early April last year, but up about 800 million USD compared to the end of 2023.
Six USD billionaires of Vietnam (from top to bottom, from left to right): Mr. Pham Nhat Vuong, Ms. Nguyen Thi Phuong Thao, Mr. Ho Hung Anh, Mr. Tran Ba Duong, Mr. Tran Dinh Long and Mr. Nguyen Dang Quang - Photo: QUANG DINH - TL
Topping the list is still Mr. Pham Nhat Vuong. Entering the year of At Ty 2025, Mr. Vuong with assets of 4.1 billion USD has marked 15 consecutive years as a USD billionaire.
However, when VIC shares tend to decrease in 2024, Mr. Vuong's assets will also decrease by 200 million USD compared to the beginning of last year.
Mr. Tran Dinh Long - Chairman of Hoa Phat - also decreased by 200 million USD with the update in early April last year. Near the end of the year, affected by the general market, HPG code was less excited compared to the beginning of the year and encountered many adjustment sessions.
While billionaires in electric vehicles and steel production lost their net assets, Mr. Ho Hung Anh and Mr. Tran Ba Duong - two businessmen in the banking and automobile industries - recorded positive changes when their net assets increased by hundreds of millions of USD. Only Ms. Thao did not change.
Where are the elderly in Vietnam on the regional billionaire map?
Look at the data
Forbes
, Vietnam has had around 5-6 USD billionaires for many years. The Chairman of Vingroup is also considered the first USD billionaire on the Vietnamese stock market since 2011 with an asset value of about 21,200 billion VND - equivalent to 1 billion USD at that time.
For the next 3 consecutive years, Vietnam had only one USD billionaire, Pham Nhat Vuong, according to
Forbes
announced. By 2017, along with Mr. Vuong, there was Ms. Nguyen Thi Phuong Thao with assets worth 1.2 billion USD.
The list of USD billionaires includes businessmen who own large manufacturing and business corporations such as Mr. Long, Mr. Duong, Mr. Quang, or leaders of the private banking industry such as Mr. Ho Hung Anh.
In 2022, for the first time, Vietnam had 7 USD billionaires. At that time, the ranking included Mr. Bui Thanh Nhon - Chairman of Novaland. At that time, Mr. Nhon held assets of 2.9 billion USD, ranked 1,053rd in the world.
In 2023 and 2024, Mr. Nhon will be absent from the rankings as the group he owns falls into great difficulty.
Looking at some countries in the region, it can be seen that the richest businessmen are increasing.
According to data on Forbes on January 24, Thailand has 26 USD billionaires with total assets of nearly 86 billion USD, Singapore has 41 billionaires with total assets of nearly 115 billion USD.
Most notable in the ASEAN bloc is Indonesia’s rise in the wealth of its entrepreneurs. By early 2025, Indonesia had 35 USD billionaires, up 10 from 2023.
In the Philippines and Malaysia, there are 16 and 17 USD billionaires on the list, respectively.
According to the Government's resolution on the action program to implement Resolution 41 of the Politburo on building and promoting the role of Vietnamese entrepreneurs in the new era, by 2030, Vietnam strives to have at least 10 billionaires and 5 most powerful entrepreneurs in Asia.
To concretize this goal, an economic expert speaking to Tuoi Tre emphasized that it is necessary to promote the environment for the development of the private economy. In particular, following the general trend of the world, promoting the fields of innovation and new technology to increase opportunities to create entrepreneurs and businesses that reach international standards.
Besides, it is also important to note that the goal of having billion-dollar businesses and entrepreneurs is necessary, but the strength of the economy must lie in the majority of hundreds of thousands of small and medium-sized enterprises.
Tuoitre.vn
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