Pham Nhat Vuong's assets increased by 1 billion USD in just one day.

Pham Nhat Vuong - Photo 1.

Mr. Pham Nhat Vuong - Photo: VGP

Last week, VN-Index recorded an increase of more than 70 points, approaching the 1,460 point mark. This increase mainly came from large-cap stocks, especially the Vingroup family stocks.

VIC shares increased about 170%

Of which, VIC has increased by 18% after 5 trading sessions, reaching 108,000 VND/share. Since the beginning of the year, this stock has increased by about 170%, becoming one of the codes with the strongest increase in the market.

Thanks to this growth, Vingroup's capitalization reached nearly VND420,000 billion, the highest among listed private enterprises, only behind Vietcombank .

According to the latest statistics of the Ho Chi Minh City Stock Exchange, as of June 30, the HOSE floor has three enterprises with capitalization of over 10 billion USD, including: Vietcombank (VCB), Vingroup (VIC) and Vinhomes (VHM).

Forbes counts a billionaire's assets based on many factors, including stock market price.

Thanks to the rise in stocks, the net worth of Mr. Pham Nhat Vuong - Chairman of Vingroup - has been increasing rapidly recently, according to Forbes data. As of July 11, 2025, the assets of Mr. Vuong - the richest man in Vietnam - reached about 11.5 billion USD, an increase of about 1 billion USD in just one day.

This is also a new record set by Mr. Vuong. Previously, no Vietnamese businessman had reached this scale of assets. Currently, Mr. Vuong is ranked 237th on the list of richest people on the planet.

Many other billionaires also increased their assets sharply.

The recent strong cash flow into large-cap stocks has also pushed up the net worth of many other USD billionaires.

Among them, Mr. Nguyen Dang Quang, Chairman of the Board of Directors of Masan Group, recently returned to the list of world billionaires with an estimated fortune of 1.1 billion USD, when MSN shares improved. According to the latest ranking, he is currently ranked 2,868 globally.

Previously, at the end of March, Mr. Quang was removed from the list by Forbes due to his net worth falling below the billionaire threshold (1 billion USD).

Last week, HPG shares of Hoa Phat Group also increased by 12% after 5 sessions. The strong correction of this stock occurred in early April, after the information about tariffs appeared. But then it rebounded, conquering the peak of one year. The assets of billionaire Tran Dinh Long - chairman of Hoa Phat - currently reached 2.6 billion USD.

If excluding Vingroup shares of Mr. Pham Nhat Vuong, VN-Index will almost go sideways?

According to SSI Research, the Vietnamese stock market closed the first half of 2025 at a three-year peak, with the VN-Index reaching 1,376 points - up 8.6% compared to the beginning of the year and less than 10% away from the historical peak set in early 2022.

The VN30 index also followed closely and closed June about 6% lower than the peak recorded in late 2021-2022.

Compared to the bottom on April 9, the VN-Index at the end of June has recovered strongly by 28%, supported by solid fundamental factors. One of the main factors is that concerns about US tariffs have temporarily subsided and corporate profit growth in the second quarter has recovered positively.

According to SSI Research's estimates, more than 40 businesses in the research scope recorded profits in the second quarter of 2025 increasing by 12.2% over the same period and 19.9% over the previous quarter.

By sector, real estate, banking and especially Vingroup stocks are the main driving forces leading the general market. Excluding Vingroup stocks, the VN-Index is almost flat compared to the beginning of the year, but still recovered 17% compared to the bottom in early April, according to SSI Research.

Back to topic

BINH KHANH

Source: https://tuoitre.vn/tai-san-ong-pham-nhat-vuong-tang-them-1-ti-usd-chi-trong-mot-ngay-20250712150650756.htm