According to the Forbes list, Vietnam has 5 billionaires with a total net worth of 23.3 billion USD, an increase of over 2 billion USD 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.

Vietcombank is currently the largest company by market capitalization on the Vietnamese stock market, at 573,200 trillion VND (approximately 21.6 billion USD). The combined wealth of the 5 billionaires exceeds Vietcombank's market capitalization.

Pham Nhat Vuong remains Vietnam's richest person with a net worth of 13 billion USD, a 1.1 billion USD increase since the beginning of August and nearly three times his net worth at the end of last year. He currently ranks 210th globally.

Born in 1968, Pham Nhat Vuong is the Chairman of Vingroup and CEO of VinFast. The increase in his wealth is attributed to the positive performance of VIC shares. At the close of trading on 29/8, the stock price reached 128,300 VND per share, a 22.5% increase over the month.

Vuong directly owns 450 million VIC shares, equivalent to 11.6% of the charter capital. However, he and his family members hold a controlling stake in Vingroup, with a total ownership of over 65%. He also owns nearly half of VinFast's capital through two private companies.

5 Vietnamese billionaires on the global list. Graphics: Khanh Hoang.

In addition to Pham Nhat Vuong, the other 4 billionaires also saw their wealth increase. Nguyen Thi Phuong Thao gained 500 million USD, bringing her net worth to 3.7 billion USD, ranking 1,061st globally. Her increased wealth is due to the positive performance of Vietjet's VJC shares and HBD (HDBank) shares. These stocks rose by 19.2% and 26% respectively over the month.

Born in 1970, Nguyen Thi Phuong Thao is the Chairwoman of Vietjet, Chairwoman of Sovico Group, and Vice Chairwoman of HDBank. She directly holds 47.7 million VJC shares but owns hundreds of millions of shares in the two companies through private companies.

The wealth of Hoa Phat Chairman Tran Dinh Long and Techcombank Chairman Ho Hung Anh both increased by 200 million USD. They now have net worths of 2.8 billion USD and 2.6 billion USD respectively. Meanwhile, Masan Chairman Nguyen Dang Quang added 100 million USD to his wealth, reaching 1.1 billion USD.

Forbes calculates individual wealth based on the number and price of shares held at a given time. They also assess other assets when ranking billionaires, including ownership in private companies, real estate, artwork, and yachts.

The positive performance of the Vietnamese stock market in August contributed to the wealth growth of many businesspeople. The VN-Index closed on 29/8 at 1,682 points, an 180-point increase for the month, equivalent to 12%. Statistics from the Ho Chi Minh City Stock Exchange (HoSE), which accounts for 75% of market capitalization, show an average trading volume of over 47,600 trillion VND.

According to Dragon Capital, investor capital has focused on the VN30, which consists of the 30 stocks with the highest market capitalization and liquidity listed on the HoSE. Several stocks held by billionaires, such as VIC, VHM, VJC, HDB, HPG, MSN, and TCB, are in this group.

Many experts predict the VN-Index will continue to rise in the final months of the year, potentially further increasing the wealth of these billionaires. La Giang Trung, CEO of Passion Investment, a company specializing in Vietnamese stocks, believes the market will continue to grow, fueled by capital inflows that will drive up stock prices.

He also noted that the US Federal Reserve (Fed) signaling interest rate cuts in the second half of the year is a positive sign for the stock market.

Trong Hieu