Billionaire Pham Nhat Vuong's assets surpass 10 billion USD for the first time, his wife is the 7th richest in Vietnam

Billionaire Pham Nhat Vuong's assets continue to increase dramatically, setting a new record high amid the sharp increase in Vingroup stock prices.

Vingroup (VIC) shares continued to increase by 7% in the session on May 20, to VND91,500/share, thereby helping the assets of Vingroup (VIC) Chairman and VinFast (VFS) CEO Pham Nhat Vuong reach a new record high.

Vingroup has a capitalization of 350,000 billion VND (equivalent to 13.4 billion USD), becoming one of the enterprises with the largest capitalization in the Vietnamese stock market.

According to Forbes, as of May 20, billionaire Pham Nhat Vuong's assets increased by more than 10% compared to the previous session, to 10.2 billion USD, ranking No. 1 in Vietnam and 277th in the world .

Vingroup shares have continuously increased sharply in the past 3 months, from about 40,000 VND/share to 91,500 VND/share on May 20, equivalent to an increase of nearly 130%.

"Vin family" stocks increased sharply. Source: FPTS

With VIC shares more than doubling, Ms. Pham Thu Huong (born in 1969) - Vice President of Vingroup, also the wife of Mr. Pham Nhat Vuong - has assets of more than 14,600 billion VND (about 560 million USD), ranking 7th among the richest people on the Vietnamese stock market.

Ms. Pham Thu Huong has more assets than Mr. Truong Gia Binh - Chairman of FPT Group (more than 12,100 billion VND), Ms. Vu Thu Hien - wife of Mr. Tran Dinh Long (11,300 billion VND) and Ms. Nguyen Thi Thanh Thuy - wife of Mr. Ho Hung Anh (nearly 10,700 billion VND).

As the wife of the richest billionaire in Vietnam, Ms. Huong has only recently appeared in the media, such as at the VinFuture Foundation awards ceremonies.

She is currently the second richest female entrepreneur on the Vietnamese stock market, just behind VietJet Chairwoman Nguyen Thi Phuong Thao ($2.6 billion).

Mr. Pham Nhat Vuong has assets of 10.2 billion USD, ranked 277th in the world. Source: FB

The assets of Ms. Pham Thuy Hang - Ms. Pham Thu Huong's younger sister, also increased sharply following the price of Vingroup shares. Ms. Hang has assets of more than 9,770 billion VND.

In the trading session on May 20, the VN-Index increased sharply by 18.86 points (equivalent to an increase of 1.45%) to 1,315.15 points.

Liquidity is quite high, with more than 22,600 billion VND on the Ho Chi Minh City Stock Exchange.

Source: https://vietnamnet.vn/tai-san-ty-phu-pham-nhat-vuong-lan-dau-vuot-10-ty-usd-vo-giau-thu-7-viet-nam-2403093.html