According to Forbes' update, by late 2025, Vietnam had five billionaires, one fewer than at the beginning of the year. These include Vingroup Chairman Pham Nhat Vuong, Hoa Phat Chairman Tran Dinh Long, Vietjet Chairwoman Nguyen Thi Phuong Thao, Techcombank Chairman Ho Hung Anh, and Masan Group Chairman Nguyen Dang Quang. Tran Ba Duong, Chairman of Truong Hai Group, was no longer ranked by the magazine among the world's wealthiest individuals.

Despite a reduction of one billionaire, their total assets increased by 26,7 billion USD over the year, reaching 29,7 billion USD by 29/12. This growth was primarily due to a sharp rise in the value of the stocks they held during the past year.

Assets and Forbes ranking positions of Vietnamese billionaires. Data: Trong Hieu

Pham Nhat Vuong maintained his position as Vietnam's richest person, ranking 79th globally, with 28,3 billion USD, an increase of approximately 24 billion USD compared to late last year. His wealth surged mainly because the VIC shares he owns rose by 670%.

Born in 1968, the businessman directly holds 389,9 million VIC shares, representing 10,05% of Vingroup's capital. He and his family control Vietnam's largest private conglomerate, with a total ownership of about 65%. Additionally, he holds nearly half of VinFast's capital through two private companies.

Nguyen Thi Phuong Thao, Vietnam's second-richest person, also saw her assets rise significantly to 4,8 billion USD this year. This marks the largest fortune the Vietjet Chairwoman has ever held. She first appeared on the Forbes list in 2017 and is currently ranked 850th.

The increase in her wealth was attributed to the robust performance of Vietjet and HDBank stocks, which grew by 110% and 45% respectively. The businesswoman directly holds 47,7 million VJC shares. However, she also owns hundreds of millions of shares in the two aforementioned companies through her private enterprises.

Tran Dinh Long and Ho Hung Anh also gained hundreds of millions of USD in 2025. Nguyen Dang Quang, Chairman of Masan Group, was briefly removed from the Forbes list in march but rejoined three months later. By the end of the year, his assets also increased by 100 million USD.

Forbes calculates an individual's wealth based on the quantity and price of shares they hold at a specific time. Furthermore, the publication assesses other assets of billionaires for their rankings, including holdings in private companies, real estate, artworks, and yachts.

Trong Hieu