Vietnamese billionaires add $28.48 bln in 2025 wealth, led by Vingroup chairman
The combined wealth of Vietnam’s billionaires rose by $28.48 billion over the past year, driven largely by a rally in domestic stocks, with Vingroup chairman Pham Nhat Vuong recording by far the biggest gains, according to Forbes's real-time billionaire list.
As of Thursday, Vietnam had five billionaires, down from six at the start of the year. The list includes Vingroup (HoSE: VIC) chairman Pham Nhat Vuong, Hoa Phat Group (HoSE: HPG) chairman Tran Dinh Long, Vietjet Air (HoSE: VJC) chairwoman Nguyen Thi Phuong Thao, Techcombank (HoSE: TCB) chairman Ho Hung Anh, and Masan Group (HoSE: MSN) chairman Nguyen Dang Quang.
Tran Ba Duong, chairman of Thaco Group, dropped out of the global ranking.
Their combined net worth stood at $40.98 billion as of Thursday, up sharply from the end of 2024.
Pham Nhat Vuong, Vingroup's founder and chairman. Photo courtesy of Tuoi Tre (Youth) newspaper.
Pham Nhat Vuong remained Vietnam’s richest individual, ranking 79th globally with an estimated net worth of $30 billion as of Thursday, an increase of $25.6 billion from a year earlier. The surge was driven mainly by a roughly 670% rise in Vingroup shares in 2025.
Vuong directly owns about 389.9 million VIC shares, equivalent to 10.05% of the conglomerate, and together with his family controls roughly 65% of Vietnam’s largest private group. He also holds nearly half of electric vehicle maker VinFast through two private companies.
Nguyen Thi Phuong Thao ranked as Vietnam’s second-richest person, with her net worth rising to a record $4.9 billion as of Thursday. First appearing on Forbes’s billionaire list in 2017, she now ranks 824th globally.
Her gains were supported by strong rises in Vietjet and HDBank shares, which climbed about 110% and 45%, respectively, during the year. While Thao directly owns 47.7 million VJC shares, she holds hundreds of millions more in both companies through private entities.
Vietjet Air chairwoman Nguyen Thi Phuong Thao. Photo courtesy of the government's news portal.
Hoa Phat chairman Tran Dinh Long saw his net worth remain unchanged at $2.6 billion from the end of last year.
Meanwhile, Techcombank chairman Ho Hung Anh added about $600 million to his fortune, lifting his net worth to $2.3 billion over the past year.
Masan Group chairman Nguyen Dang Quang, who briefly fell off the Forbes list in March before returning three months later, ended the year with his net worth up about $118 million to $1.18 billion as of Thursday.
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