Assets of five richest families totalled 12.2 billion USD based on the value of their stock holdings on the stock market on January 2, 2018 (Photo cafef.vn) Hanoi (VNS/VNA) - Five richestfamilies have seen their wealth swell in early 2018 thanks to the boom of Vietnam’sstock market.
The benchmark VN-Index surpassed the1,000-point landmark on January 3 after rising 48 percent in 2017 and isheading to beat the record of 1,027 points in November 2007.
The rankings of the richest people on thestock market have also changed, especially the list of wealthy families, if oneincludes assets of family members and their related investment companies.
According to data on Cafef.vn, the fiverichest families have total assets worth over 1 billion USD each, namely Pham NhatVuong family (VinGroup), Nguyen Thi Phuong Thao family (Vietjet, HDBank), TrinhVan Quyet family (FLC Group, FLC Faros), Tran Dinh Long family (Hoa Phat Group)and Bui Thanh Nhon family (Novaland Investment Group).
Assets of these five families totalled 12.2billion USD based on the value of their stock holdings on the stock market onJanuary 2, 2018.
Ending 2017, total assets of the top 10richest people on the stock market climbed to 270.8 trillion VND (some 12billion USD) by the end of 2017, a significant rise compared with the 96trillion VND recorded in 2016-end.
Almost 50 people have wealth of over 1trillion VND.
Except for the Tran Dinh Long and Trinh VanQuyet families whose family members directly hold stocks in their companies,the remaining three families own a number of private investment firms that havestake in their main businesses.
The Nguyen Thi Phuong Thao familyestablished Huong Duong Sunny Investment Co and Sovico Holdings to investcapital in Vietjet Air and HDBank. Similarly, Bui Thanh Nhon owns NovagroupHoldings and Diamon Properties, while Pham Nhat Vuong founded Vietnam InvestmentGroup. - VNA
VNA
