Founding owners of Hoa Phat and Thaco Corporations announced billionaires in the world

By Tran Dung - Mar 07, 2018 | 05:04 AM GMT+7

TheLEADERBesides 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.

In Forbes's list on the world's billionares, Vietnam has up to four persons who are Chairman of Vingroup Pham Nhat Vuong, CEO of Vietjet Air Nguyen Thi Phuong Thao, Chairman of Thaco Tran Ba Duong and Chairman of Hoa Phat Tran Dinh Long.

Four Vietnamese entrepreneurs in Forbes World’s Billionaires list

Pham Nhat Vuong is the richest people in Vietnam (ranked No.499 in the world) with a total asset of US$4.3 billion. Vuong chairs Vingroup which is one of Vietnam's largest conglomerates with interests in real estate, retail and healthcare among others.

The second one (ranked No.766 globally) is Nguyen Thi Phuong Thao whose asset worths US$3.1 billion. Her Vietjet Air operates more than 40 per cent of flights in Vietnam. According to Forbes's information, besides having airline, Nguyen Thi Phuong Thao also invests in HDBank and real estate including three beach resorts.

The two Vietnamese names appearing for the first time in this list is Tran Ba Duong with US$1.8 billion (ranked No.1339 globally) and Tran Dinh Long with US$1.3 billion (ranked no.1756 globally).

Tran Ba Duong is a chairman of Thaco which is a leading automobile manufacturing, assembling and distributing company in Vietnam with turnover of about VND55 trillion (US$2.4 billion) last year. It recently has become a distributor of two luxury cars in Vietnam market namely BMW and MINI.

Tran Dinh Long chairs Hoa Phat Group which is the largest steel producer in Vietnam. In 2017, this group's profit reached a record of about VND8,000 billion (US$351 million), which raised the price of its shares three times. Tran Dinh Long directly holds 25 per cent of Hoa Phat's shares.