Vingroup boss tops Vietnam’s richest list for 6th straight year
Vingroup boss tops Vietnam’s richest list for 6th straight year
Pham Nhat Vuong, the first Vietnamese to have more than US$1 billion worth of assets, remained the richest on Vietnam’s stock market for the sixth consecutive year in 2015, with his fortune nearly approaching the $1.1 billion mark.
Vuong, chairman of the giant realty developer Vingroup, topped the “100 richest people on the Vietnamese stock market” list with total assets of VND24.33 trillion ($1.09 billion), according to data released by newswire VnExpress on Thursday.
Tran Dinh Long, chairman of Hoa Phat Group, came second with VND5.38 trillion ($240.18 million) worth of assets, whereas Pham Thu Huong, deputy chairwoman of Vingroup, ranked third with VND4.19 trillion ($187.05 million).
Doan Nguyen Duc, chairman of Hoang Anh Gia Lai, was eliminated from the top three for the first time in eight years, as he stood at the fourth place in the 2015 list, with assets dropping to VND3.61 trillion ($161.16 million) from some VND7.57 trillion ($337.95 million) in early 2015.
Another Vingroup deputy chairwoman, Pham Thuy Hang, completed the top five with assets worth VND2.8 trillion ($125 million).
The family of Vuong occupied as many as three out of the top five positions, as Huong is his wife while Hang is his younger sister.
Huong is the first woman to enter the top three richest, with her assets increasing by more than VND700 billion ($31.25 million) from a year earlier, according to VnExpress.
The Vingroup boss, in the meantime, was the only Vietnamese out of the 1,426 billionaires in Forbes' 2013 annual ranking of billionaires. He stood at #974 on the list with what Forbes estimated to be $1.5 billion worth of assets. The finance magazine also dubbed him the first billionaire of Vietnam.
The total assets of 100 wealthiest people in Vietnam’s stock market in 2015 were nearly VND83.65 trillion ($3.7 billion), up 2.6 percent from the 2014 list, according to VnExpress.
At the last session of 2015, Vietnam's benchmark VN Index rose 6.3 percent year on year, whereas the HNX Index on the Hanoi Stock Exchange fell 3.3 percent, which illustrates the market fluctuation that has greatly affected assets of investors and businesses over the year.
The 2015 list of the 100 richest people in the Vietnamese stock market is the tenth of its kind to be compiled by the VNDIRECT Securities Corporation and released by VnExpress.
VNDIRECT said the data is gathered from publicized information of nearly 700 businesses listed on the stock exchanges in the Hanoi and Ho Chi Minh City stock exchanges.
Below is the top ten wealthiest people in Vietnam’s stock market.
