VN's richest men increase asset value

The value of shares held by the top 20 richest stock market investors hit over VND53.5 trillion (US$2.5 billion) in May, up 8.3 per cent from the previous month.

Former Sacombank (STB) chairman Dang Van Thanh and his son Dang Hong Anh left the top 20 after the bank sold their shares to clear debts.

Meanwhile, Pham Nhat Vuong – Vingroup chairman and the richest member of the list – added VND1.7 trillion ($80.9 million) to have VND19.3 trillion ($0.9 billion) in assets after partnering with investment fund Warburg Pincus.

In addition, steelmaker Hoa Sen (HSG) chairman Le Phuoc Vu rose to the seventh place as a result of inviting the limbless motivational speaker Nick Vujicic to Viet Nam.

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