The two new billionaires have total asset value of $3 billion.
Though Vingroup's diversification strategy is worrying me because spreading out investment for too many sectors is prone to weaknesses, its actual business performance remains solid thanks to following the right direction, according to Assoc. Prof. Dr. Tran Dinh Thien.
In Vietnam, still many billionaires are hidden as their business activities are not transparent and listed on bourse, according to Doctor Nguyen Van Thuan from the HoChiMinh City Marketing and Financial University.
Being a billionaire by owning billions of dollar of assets, many Vietnamese businesses use these assets to secure their loans or related companies at banks.
The status of each country today is not only its historical and cultural traditions but also economic power including the wealth of its billionaires.
Economic expert Pham Chi Lan is optimistic about the country's development as Vietnamese billionaires named in Forbes's list of the world's billionaires are investing in many important sectors.
Besides Pham Nhat Vuong and Nguyen Thi Phuong Thao, there are two Vietnamese businessmen's names placed in the World’s Billionaires list 2018 just announced by the reputable Forbes.
The wealthiest man in Vietnam shares the management strategy of Vietnam’s largest multidisciplinary private corporation.
On the second day (Nov 07) being traded on the Hochiminh Stock Exchange (HOSE), Vincom Retail’s shares (VRE) hit the record of the stock market with 415 million shares worth nearly VND17 trillion (roughly US$740 million) being purchased.
Ngo Chi Dung, chairman of VPBank - the earliest-established Joint-stock Commercial Bank in Vietnam, would become one of the richest people in the stock market with its reference price listed on August 17 being VND39,000 (US$1.73) per share.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
Office: 7th Floor, HCMCC Tower, 249A Thuy Khue street, Tay Ho district, Hanoi
Hotline.: 08887 08817