According to the Forbes list, Vietnam currently has 5 billionaires with a total net worth of 21.2 billion USD, a 2.5 billion USD increase since the beginning of July. This list includes Vingroup Chairman Pham Nhat Vuong, Vietjet Chairwoman Nguyen Thi Phuong Thao, Hoa Phat Chairman Tran Dinh Long, Techcombank Chairman Ho Hung Anh, and Masan Chairman Nguyen Dang Quang.

During July, the VN-Index, Vietnam's benchmark stock market index, rose 164 points, or 12%, reaching 1,531 points. Consequently, the stock holdings of these billionaires also increased in value.

Pham Nhat Vuong leads the list with a net worth of 11.9 billion USD, a 1.4 billion USD increase since the start of the month and 2.7 times his net worth at the beginning of the year. He is ranked 228th among the world's richest individuals.

The rise in Vuong's wealth is attributed to the positive performance of VIC, Vingroup's stock. At the close of trading on 25/7, VIC's share price reached 114,100 VND per share, a 19.3% increase since the beginning of the month.

Vuong directly owns 450 million VIC shares, representing 11.6% of the charter capital. However, he and his family maintain controlling interest in Vingroup.

Nguyen Thi Phuong Thao saw the second-largest increase in wealth among Vietnamese billionaires, with her net worth rising by 700 million USD to 3.2 billion USD. This is her highest publicly recorded net worth to date. Thao first appeared on the Forbes list in 2017.

In July, Vietjet and HDBank stocks increased by 38% and 29.6% respectively. Thao directly holds 47.7 million VJC shares. However, she owns hundreds of millions of shares in both companies through private holdings, contributing to her increased net worth this month.

Tran Dinh Long and Ho Hung Anh, chairmen of Hoa Phat and Techcombank, respectively, saw their wealth increase by 300 million USD and 100 million USD. Nguyen Dang Quang also added tens of millions of USD to his net worth.

Trong Hieu