Profiles of 3 newly minted Vietnamese billionaires

Vietnam has added three new individuals whose net worth surpassed the $1 billion mark: Pham Thu Huong, Pham Thuy Hang, and Ngo Chi Dung, according to Forbes’s real-time billionaires ranking.

As of now, Vietnam is home to a total of eight U.S. dollar billionaires. The country’s wealthiest individual remains Pham Nhat Vuong, with an estimated net worth of $21.1 billion.

However, compared with the end of last year, the Vingroup chairman’s fortune has declined by more than $7 billion, reflecting significant volatility in the stock market.

A similar downward trend has been seen among several other Vietnamese billionaires. The fortunes of Nguyen Thi Phuong Thao, chairwoman of Vietjet Air; Tran Dinh Long, chairman of Hoa Phat Group; and Ho Hung Anh, chairman of Techcombank have all fallen from end-2025 levels.

The primary driver has been weaker performance in the stocks they hold, with VIC and VJC down about 23%, while HPG and TCB have also retreated by a few percentage points.

By contrast, the net worth of Nguyen Dang Quang, chairman of Masan Group, has increased by around $100 million, supported by a nearly 7% rise in MSN shares since the start of the year - one of the few bright spots in the overall wealth picture of Vietnam’s billionaires.

Ngo Chi Dung, chairman of VPBank

According to public disclosures, Ngo Chi Dung, born in 1968, studied at the Moscow Geological Prospecting University and earned a PhD in economics from the Russian Academy of Sciences.

On the stock market, he currently holds more than 328 million VPBank shares (HoSE: VPB), equivalent to about 4.14% of the bank’s charter capital. Forbes estimates his net worth at approximately $1.1 billion, placing him among Vietnam’s U.S. dollar billionaires.

Dung has served as chairman of the board of directors of VPBank since 2010, playing a central role in shaping the long-term strategy of one of Vietnam’s largest private-sector banks. His strategic focus has centered on risk management, capital efficiency, and sustainable growth.

During his tenure, VPBank has aggressively expanded into retail banking and consumer finance, while making substantial investments in digital transformation, gradually building a diversified financial ecosystem.

Known for a low-profile, disciplined, and cautious leadership style, Dung prioritizes long-term stability over rapid expansion. Amid ongoing volatility in the banking sector, he is widely viewed as a steady strategic hand helping to preserve VPBank’s resilience and market position.

Pham Thu Huong, vice chairwoman of Vingroup

Pham Thu Huong is currently vice chairwoman of the board of directors of Vingroup (HoSE: VIC) and one of the most influential figures within the ownership and governance structure of the leading private conglomerate in Vietnam.

Born in 1969, she is the spouse of Vingroup chairman Pham Nhat Vuong. As of February 2, 2026, Forbes estimates her net worth at around $2.2 billion.

Having joined Vingroup from its earliest days, Huong has accompanied Vuong throughout the group’s evolution - from real estate into industry, technology, and consumer businesses.

Since becoming vice chairwoman in 2021, she has been directly involved in long-term strategic planning and oversight of key decisions, helping to ensure consistency and discipline in corporate governance.

Unlike many high-profile corporate leaders, Huong is known for her reserved and cautious demeanor, rarely appearing in the media.

In 2020, she and her husband co-founded the VinFuture Foundation, which sponsors the global VinFuture Prize in science and technology.

In terms of wealth, Forbes has on multiple occasions included Huong in its real-time list of U.S. dollar billionaires, with her net worth closely tied to movements in VIC shares. This underscores her central role not only in governance but also in Vingroup’s ownership structure, where economic and strategic power remains concentrated among the founding shareholders.

Pham Thuy Hang, vice chairwoman of Vingroup

Another senior Vingroup executive, Pham Thuy Hang, is also listed among Vietnam’s billionaires, with an estimated net worth of $1.5 billion.

Born in 1974, Ms. Hang currently serves as vice chairwoman of the board of directors of Vingroup. As the sister-in-law of founder and chairman Pham Nhat Vuong, she is regarded as one of the most influential figures within the group, despite maintaining a consistently low public profile.

Educated in Eastern Europe, Hang developed an internationally oriented business mindset early on. She holds a bachelor’s degree in Russian language from the Hanoi University of Foreign Languages. In the 1990s, she was among the founding members of Technocom, the company behind the Mivina instant noodle brand in Ukraine - widely considered the cradle that laid the foundation for Vingroup’s formation and later expansion after the business pivoted back to Vietnam.

Pham Thuy Hang is also a founding shareholder of VinSpeed, a company investing in and developing high-speed rail projects.

While operating largely behind the scenes, she is viewed as one of the key pillars of Vingroup’s leadership team, working alongside chairman Pham Nhat Vuong in building a broad corporate ecosystem spanning real estate, industry, technology, education, and healthcare, thereby helping elevate the global standing of Vietnamese enterprises.