Vietnam’s 10 richest stock market tycoons double wealth in just 1 year

This surge, which represents a 2.7-fold increase, reflects a boom in the value of shares held by leaders of major corporations.

The most striking growth in this year’s ranking belongs to Pham Nhat Vuong, chairman of Vingroup (VIC).

According to domestic financial data, the value of his shares has climbed to over VND430 trillion ($16.3 billion), nearly five times higher than it was a year ago.

As per the latest update from Forbes, his total net worth, including shares and other assets, now stands at $18.1 billion, a year-on-year increase of 4.3 times.

This made him the Vietnamese billionaire with the most significant asset growth in Forbes' records.

The exponential rise is largely attributed to the sharp increase in VIC stocks, which have surged almost 400 percent over the past year.

Vingroup now holds the top spot in market capitalization on the Vietnamese stock exchange, far surpassing the second-ranked Vietcombank.

Born in Ha Tinh, north-central Vietnam, Vuong is Vietnam’s first U.S. dollar billionaire.

Meanwhile, Vingroup, under his leadership, is the largest private contributor to the national budget.

According to Vingroup’s 2025 semi-annual financial report, the group posted revenue of some VND130.5 trillion ($5 billion), more than double year on year, while its post-tax profit stood at VND4.5 trillion ($172 million), up over 2.2 times.

As of the end of June, Vingroup’s total assets had reached VND958.2 trillion ($36.4 billion), marking a sharp increase since the start of the year.

In second place is Tran Dinh Long, chairman of Vietnam’s largest steel producer Hoa Phat Group.

His assets on the stock exchange amount to an estimated VND58.6 trillion ($2.2 billion), reflecting a 30-percent increase in line with the rise in HPG shares.

Forbes reports his net worth at $2.9 billion, up $400 million compared to the same time last year.

Both Long and Vuong have shown interest in contributing to Vietnam’s ambitious north-south high-speed railway project.

While Vingroup is focusing its resources through VinSpeed, Hoa Phat has finalized plans to build a plant to manufacture steel rails for high-speed trains.

Hoa Phat’s semi-annual financial statement showed total assets at over VND242.2 trillion ($9.2 billion).

Vietnam’s stock market has rebounded strongly since April, after a downturn triggered by tax-related concerns.

Vietnam's benchmark VN-Index has seen a sustained rally, peaking in mid-August.

This bullish trend has significantly boosted the share prices of leading companies and, in turn, elevated the wealth of their founders and executives.

For example, shares in Gelex Group (GEX) have surged nearly 130 percent in recent months.

This rally has lifted the fortune of Nguyen Van Tuan, CEO of Gelex, to over VND12 trillion ($454.9 million), placing him among the wealthiest figures on the stock exchange.

Other notable business leaders whose wealth has grown significantly include Nguyen Thi Phuong Thao, chairwoman of Vietjet Air, Ho Hung Anh, chairman of Techcombank, and Nguyen Dang Quang, chairman of Masan Group.

In contrast, FPT Corporation stands out as one of the few underperformers.

Its stock has dropped nearly 30 percent since the start of the year.

As a result, Truong Gia Binh, chairman of FPT, is the only among those richest people on the stock market to see his asset value decline.

A year ago, his shares were valued at some VND 12.4 trillion ($470.6 million), but that figure is now down to about VND11 trillion ($417.6 million).

However, FPT remains a leading tech company in Vietnam.