First USDbaire in Vietnam unveiled

Pham Nhat Vuong remains the richest investor on the Vietnamese stock market, having increased his asset value to over 1 billion US dollars.

Vuong is now a member of the board of directors of Vincom Joint Stock Company, (traded under VIC), as well as Vinpearl Joint Stock Company (traded under VPL).

With sharp increases in the prices of VPL and VCI stocks, Vuong’s total asset value in the domestic stock market has increased to 21.044 trillion dong (over USD 1 billion) from the 15.776 trillion dong ($754.8 million) reported on December 29, 2010.

Based on the new dong/USD exchange rate of 20,900 dong/USD, Vuong has become the first USD billionaire by trading in the Vietnamese stock market.

Following Vuong on the list of top-ten richest investors, is Doan Nguyen Duc, Chair of Hoang Anh Gia Lai Group (traded under the symbol HAG) with total share value of 10.163 trillion dong ($486.2 million), and Dang Thanh Tam, Chair of Saigon Invest Group, with 3.55 trillion dong ($169.8 million).

Vuong’s wife, Pham Thu Huong, has become the fourth richest investor, with 3.227 trillion dong ($154.4 million). She was ranked as 6th in the list of top-ten richest investors, with 2.262 trillion dong ($108.2 million), as of December 29, 2010.

Pham Thuy Hang, member of the board of directors of Vincom Joint Stock Company, stands at the 5th, followed by Tran Dinh Long, Chair of Hoa Phat Group; Ha Van Tham, Chair of Dai Duong Group; and Ho Hung Anh, member of the board of directors of Masan Group.

Pham Nhat Vuong, was born in 1968, in central Ha Tinh Province. In 1993, he was the founder of Technocom Ltd Co. (then later called as Technocom Group) in Kharkov, Ukraine, focusing on instant noodle production.

In 2001, Vuong came back to Vietnam to set up Vincom and Vinpearl. In September, 2009, the main headquarters of Technocom Group were moved to Hanoi and the name changed into Vingroup.

Tags: Vietnam stock news