Pham Thuy Hang, sister-in-law of Vingroup Chairman Pham Nhat Vuong, has seen her assets surge to approximately 27,300 billion dong (over one billion USD) following a robust performance by Vingroup's VIC shares. As of 24/11, her holdings, totaling over 114,1 million VIC shares, increased by more than 1,100 billion dong compared to last week. Ms. Hang currently serves as Vingroup's Vice Chairwoman.

Born in Hanoi in 1974, Pham Thuy Hang holds a bachelor's degree in Russian Language from Hanoi University (formerly Hanoi University of Foreign Languages). She is the younger sister of Pham Thu Huong, wife of billionaire Pham Nhat Vuong. Ms. Hang is recognized as one of the founding members of Technocom, the precursor to Vingroup.

Similarly, Pham Thu Huong, also a Vingroup Vice Chairwoman, saw her assets grow by approximately 1,700 billion dong after today's trading session, reaching over 40,000 billion dong (approximately 1,5 billion USD). Ms. Huong owns 170 million VIC shares.

The impressive rise in VIC shares has also significantly boosted Pham Nhat Vuong's wealth. According to Forbes, the billionaire currently possesses 22 billion USD, marking an increase of 17,6 billion USD since the beginning of the year. The Vingroup Chairman is ranked 101st among the world's wealthiest individuals.

As of 24/11, Mr. Vuong directly holds 389,9 million VIC shares, representing a 10,1% stake. However, he, along with his family members and private companies, maintains controlling power in Vingroup, with a total ownership of approximately 65%. Additionally, billionaire Pham Nhat Vuong controls nearly half of VinFast's capital through two private companies.

Vingroup's stock prices have consistently risen over the past one month, with the market price of VIC shares increasing by an additional 40% since early October. Nguyen The Minh, Director of Retail Research and Development at Yuanta Vietnam Securities, noted in early October that the continuous market ascent since the beginning of the year has benefited VIC shares. Concurrently, Vingroup's financial performance improved due to strong business in real estate segments like Vinhomes and Vincom Retail, offsetting the electric vehicle manufacturing division.

For the first nine months, Vingroup's total net revenue reached 169,611 billion dong, a 34% increase. After-tax profit reached 7,565 billion dong, nearly two times that of the same period last year. With this performance, they completed 76% of this year's plan. The group attributes these favorable business results to positive changes in key business segments such as technology - industry and real estate.

As of 30/9, Vingroup's total assets increased by 30% since the beginning of the year, reaching 1,08 million billion dong. Total liabilities amounted to 925,966 billion dong. Financial debt stood at over 321,900 billion dong, a 44% increase since the beginning of the year, and two times the owner's equity.

Trong Hieu