The benchmark VN-Index rose nearly 1% to over 1,717 on December 2 – its fifth rising session, with liquidity reaching nearly VND22.4 trillion (US$862 million), up more than VND1.3 trillion from the previous session.

Forbes data showed that Vingroup Chairman Pham Nhat Vuong’s wealth jumped US$1.2 billion on December 2, placing him among the top five global gainers of the day. The increase came as VIC shares rose 1.89% to VND275,000 (US$10.58), lifting Vingroup’s market capitalisation to more than VND1 quadrillion (US$38.5 billion) – the only Vietnamese firm above that threshold.

Vuong now holds an estimated US$24.7 billion, ranking 92nd globally and becoming the second-richest person in Southeast Asia, behind Indonesian tycoon Prajogo Pangestu, founder and chairman of Barito Pacific, a major energy and petrochemicals conglomerate who has US$42 billion.

Vietjet Chairwoman Nguyen Thi Phuong Thao also saw a sharp increase in her assets, which rose US$233 million to nearly US$5 billion, driven by gains in VJC shares, which jumped 6.87% to VND217,900. Shares of HDBank, where she serves as Vice Chairwoman, also rose 1.6%.

Thao climbed to 830th on Forbes’ global billionaire list. Her rising net worth follows Sovico’s recent divestment of more than 65 million HDBank shares worth over VND1.9 trillion to meet ownership limits under the 2024 Law on Credit Institutions.

Vietnam currently has five US-dollar billionaires recognised by Forbes: Pham Nhat Vuong, Nguyen Thi Phuong Thao, Tran Dinh Long of Hoa Phat Group (US$2.7 billion), Ho Hung Anh of Techcombank (US$2.3 billion), and Nguyen Dang Quang of Masan Group (US$1.1 billion), with a combined net worth of US$35.7 billion.

Vingroup chairman climbs Forbes rich list as net worth soars

VOV.VN - Vietnamese billionaire Pham Nhat Vuong, chairman of conglomerate Vingroup, has significantly advanced in Forbes' latest ranking of the world's wealthiest individuals, released on March 10.