Forbes magazine has just announced the list of world USD billionaires in 2024. Vietnam still has 6 familiar faces including Mr. Pham Nhat Vuong (Chairman of Vingroup, CEO of VinFast), Ms. Nguyen Thi Phuong Thao (Chairman of VietJet), Mr. Tran Dinh Long (Chairman of Hoa Phat Group), Mr. Ho Hung Anh (Chairman of Techcombank), Mr. Nguyen Dang Quang (Chairman of Masan Group), Mr. Tran Ba Duong (Thaco).
A total of 6 Vietnamese USD billionaires have assets according to Forbes' 2024 ranking of 13.9 billion USD, up from 12.6 billion USD at the same time last year.
Of which, Vingroup Chairman Pham Nhat Vuong has 4.4 billion USD, a slight increase of 100 million USD compared to last year.
Mr. Tran Dinh Long recorded the strongest increase in assets, adding 800 million USD, up to 2.6 billion USD. Ranked second in terms of asset growth rate, Ms. Nguyen Thi Phuong Thao added 600 million USD, up to 2.8 billion USD.
Mr. Ho Hung Anh's assets increased by 200 million USD, up to 1.7 billion USD.
On the other hand, Mr. Tran Ba Duong, Chairman of Truong Hai Group Corporation (Thaco), saw his assets decrease the most, evaporating 300 million USD, down to 1.2 billion USD, due to the sharp decrease in revenue and profit of this group, and difficulties in selling cars.
Mr. Nguyen Dang Quang's assets decreased by 100 million USD, down to 1.2 billion USD.
The economy is still facing many difficulties, but the number of rich people is increasing.
In 2023, the Vietnamese business community will still face many difficulties as consumer demand declines. Many businesses in the real estate sector are still struggling with debt burdens and difficulty selling products, especially non-essential products such as shophouses and resort villas. Retail, automobile manufacturing and trading businesses are also facing difficulties.
Last year, Truong Hai Group Corporation (Thaco) of Mr. Tran Ba Duong recorded a sharp decrease in revenue and profit, and car sales encountered difficulties.
According to a recently released report, in 2023, this enterprise reported a profit after tax of VND 2,734 billion, a sharp decrease compared to VND 7,420 billion of the previous year.
Mr. Bui Thanh Nhon noted that for the second consecutive year, he was no longer on Forbes' list of USD billionaires, because Novaland (NVL) is still facing difficulties and debts. No Va Real Estate Investment Group Corporation - Novaland recorded consolidated profit after tax in the 2023 audited report reaching nearly 486 billion VND, down 199 billion VND compared to the self-made report. Profit after tax decreased by 78% compared to 2022.
Many other real estate and retail businesses are struggling.
However, Vietnam's economy is still considered to have brighter prospects than most other countries in the world. The number of super-rich people is forecast to increase rapidly, leading the world.
According to the Wealth Report of Knight Frank (UK), the number of super-rich people in Vietnam in 2023 increased by 2.4% compared to the previous year to 752 people. This growth rate is quite high in the Asia-Pacific region.
The super-rich are individuals who must own assets of 30 million USD or more (about 750 billion VND according to the exchange rate of 25,000 VND/USD of Vietcombank). According to Knight Frank, by 2028, Vietnam will have 978 super-rich people.
The growth rate of the super-rich in Vietnam is recorded quite high in the context of Vietnam's economy growing quite well compared to the world and the middle class growing strongly.
The list of Vietnam’s super-rich is not published by Knight Frank. However, on the stock market, there are about 180 businessmen and related people with assets from stocks worth over 30 million USD, including the 6 USD billionaires mentioned above.
Besides, on the stock exchange, there are many businessmen and major shareholders of large enterprises with huge assets such as: Mr. Do Anh Tuan - Sunshine with assets converted from stocks worth 23,600 billion VND; Mr. Ho Xuan Nang - Vicostone (8,700 billion VND); Mr. Truong Gia Binh - FPT (9,090 billion VND); Mr. Ngo Chi Dung - VPBank (6,200 billion VND); Ms. Truong Thi Le Khanh - Vinh Hoan Seafood (7,400 billion VND); Mr. Dang Thanh Tam - KBC (5,150 billion VND); Mr. Nguyen Van Dat - Phat Dat Real Estate (8,260 billion VND); Mr. Dao Huu Huyen - Duc Giang Chemicals (9,070 billion VND); Mr. Nguyen Duc Tai - Mobile World (4,200 billion VND) ...
In Vietnam, there are many famous businessmen who are considered super rich, even billionaires, but are not on any rankings such as real estate "boss" Nguyen Thi Nga - BRG, Mr. Vu Van Tien - Geleximco, "island lord" Dao Hong Tuyen, "king of luxury goods" Johnathan Hanh Nguyen...
Investors also saw prominent faces such as Mr. Do Minh Phu - Doji, Mr. Do Quang Hien - T&T, Mr. Dang Van Thanh's family - Thanh Thanh Cong, "shrimp king" Le Van Quang...
| According to the Forbes list, in 2024, the world will have 141 more USD billionaires than the previous year, bringing the total to 2,781 people. The total assets of these billionaires reached 14,200 billion USD. The number of USD billionaires and total assets increased to a record level thanks to the strong growth of the global stock market. Money still flows into this investment channel even though economies are facing difficulties. Chairman and CEO of LVMH - Bernard Arnault is the richest person in the world with 233 billion USD. Next is Tesla CEO Elon Musk with 195 billion USD. Amazon founder Jeff Bezos (194 billion USD). |
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