Vietnam's billionaires led by Pham Nhat Vuong reach $35.2 billion

Vietnam currently has eight billionaires on the Forbes list, led by Vingroup Chairman Pham Nhat Vuong. As of October 11, Vuong’s wealth is estimated at $35.2 billion, ranking him 66th globally. His wealth is distributed across various sectors through Vingroup’s ecosystem, which includes technology, industry, real estate, and green energy.

Other notable billionaires include Nguyen Thi Phuong Thao, Chairwoman of Vietjet Air, whose wealth is estimated at $4.1 billion. Pham Thu Huong and Pham Thuy Hang, both Vice Chairwomen of Vingroup, also hold significant positions on the list. Other billionaires identified include Ho Hung Anh (Techcombank), Tran Dinh Long (Hoa Phat Group), Ngo Chi Dung (VPBank), and Nguyen Dang Quang (Masan Group).

There are notable differences between Forbes’ global wealth estimates and valuations based on the Vietnamese stock market. For instance, while Forbes values Vuong at $35.2 billion, his stock market wealth—driven by VIC and LPB shares—is estimated at approximately $30.4 billion. Similarly, Pham Thu Huong has risen to become the second richest person on the Vietnamese stock market with assets near $3.2 billion.