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Pham Nhat Vuong remains richest man on Vietnamese stock market
Pham Nhat Vuong is still the richest investor on the Vietnamese stock market, with assets of more than VND17 trillion (USD808.71 million) this year.
His total value is almost nearly equivalent to the combined assets of the five following people on the list.
Vuong, a member of the Board of Director of Vincom Joint Stock Company, (traded under VIC), holds shares in both VIC and Vinpearl Joint Stock Company (traded under VPL).
Since December 23, transactions of VPL shares were halted in order to prepare for the merging of VPL and VIC. One VPL share is equivalent to 0.77 of a VIC share.
After the merger, Vuong will own over 168 million shares of VIC stock, which will be valued at over VND17 trillion (USD808.71 million), based on the trading price as of December 23. This means that Vuong’s total assets will increase by VND1.24 trillion (USD59 million) from last year.
Following Vuong on the list of top-five richest investors list are Dang Thanh Tam, Chairman of Saigon Invest Group, with over VND6.5 trillion (USD309.2 million) and Doan Nguyen Duc, Chairman of Hoang Anh Gia Lai Group (traded under the symbol HAG), with total share value of VND4.26 trillion (USD202.65 million).
Duc’s assets decreased by over VND7.5 trillion (USD356.78 million) from 2010 due to a sharp fall in share prices.
Vuong’s wife, Pham Thu Huong, remains the fourth richest investor, with VND2.934 trillion (USD139.57 million).
Pham Thuy Hang, member of the board of directors of Vincom Joint Stock Company, stands at 5th, followed by Nguyen Hoang Yen.
Pham Nhat Vuong, was born in 1968, in the central province of Ha Tinh. In 1993, he founded Technocom Ltd. Co. (later to become known as Technocom Group) in Kharkov, Ukraine, focusing on instant noodle production.
In 2001, Vuong returned to Vietnam to set up Vincom and Vinpearl. In September, 2009, the main headquarters of Technocom Group was moved to Hanoi and the name changed into Vingroup.
vietnamnet
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