(From left), front row: Thaco Group Chairman Tran Ba Duong, Masan Group Chairman Nguyen Dang Quang, Hoa Phat Group Chairman Tran Dinh Long. Second row: Nguyen Thi Phuong Thao, CEO of Vietjet, Ho Hung Anh, Chairman of Techcombank. Behind: Vingroup Chairman Pham Nhat Vuong. Photo designed by VnExpress/Ta Lu
According to real-time data, Vietnam had six billionaires as of December 26, down from seven in March. forbesBusiness magazines usually publish their list of the world’s billionaires every March.
The total net worth of Vietnamese billionaires fell 33% to $12.3 billion in nine months.
Vingroup chairman Pham Nhat Vuong is still Vietnam’s richest person, with a net worth of $4 billion, down 35% in nine months. This was his lowest net worth since 2017.
Vingroup, Vietnam’s largest private conglomerate, saw VIC’s share price halve to 53,000 dong ($2.25).
Vuong is now the 685th richest person in the world, down 270 places from March.
The VN-Index hit a new record of over 1,528 points in January, but started to plummet in the second quarter and is now around 1,000 points, down 35%.
Nguyen Thi Phuong Thao, CEO of low-cost airline Vietjet, is Vietnam’s second-richest person with a net worth of $2.3 billion, down 26% from March.
Vietjet’s VJC shares have fallen at the same rate to about VND110,000 per share.
The company is expected to post a profit of VND1.3 trillion this year. A recovery in the Chinese market, which is important to Vietnam, will benefit the company’s earnings, brokerage VNDirect said in a report.
Techcombank Chairman Ho Hung Anh’s net worth fell 30% to $1.6 billion between March and December.
He was followed by Tran Ba Duong, chairman of automaker Thaco, and his family, whose net worth was $1.5 billion, down 6%.
Masan Group Chairman Nguyen Dang Quang and Hoa Phat Group Chairman Tran Dinh Long, each with a net worth of $1.4 billion, ranked last on the list of Vietnam’s billionaires.