Business

Vietnamese billionaire among world’s 200 richest people

Billionaire Pham Nhat Vuong has for the first time moved up to the top 200 of the Forbes’ rich list as of July 31.
Vietnamese billionaire among world’s 200 richest people ảnh 1Billionaire Pham Nhat Vuong (Photo: Forbes)
Hanoi (VNA) – Billionaire PhamNhat Vuong has for the first time moved up to the top 200 of the Forbes’ richlist as of July 31.

According to Forbes’ website, he ranked194th on the list, with a net worth of 8.25 billion USD.

This is the highest place ever for Vuong,owner of multi-business conglomerate Vingroup and Vietnam’s first billionaire.

Earlier on July 29, his assets were 8.1billion USD, up 1.5 billion USD compared to Forbes’ statistics in March, thusthe billionaire jumped up from 239th place to 204th.

The growth of Vingroup’s shares, notably ofVinhomes JSC (VHM) and Vincom Retail (VRE), is attributable to the surge ofVuong’s assets.

Vuong studied in Russia and started apopular instant noodle business in Ukraine in the 1990s before moving back toVietnam.

Vuong chairs Vingroup, one of Vietnam’slargest conglomerates with interests in real estate, retail and health careamong others.

Vietnam has three other billionaires in theForbes list. They were Tran Ba Duong, chairman of Thaco – the biggest carcompany of the country, with a net worth of 1.7 billion USD; Ho Hung Anh,chairman of Vietnam Technological and Commercial Joint Stock Bank (Techcombank)with 1.6 billion USD; and Nguyen Dang Quang, chairman of consumer goods andnatural resources firm Masan Group with 1.3 billion USD.

Jeff Bezos, founder and CEO of onlineretail site Amazon, topped the Forbes list with a 155.2 billion USD fortune.

Bezos was followed by Microsoft founderBill Gates who had 104.5 billion USD and Bernard Arnault – CEO of LVMH, theworld's largest luxury-goods company – with 100.62 billion USD.-VNA
VNA
#Billionaire Pham Nhat Vuong #Vingroup #multi-business conglomerate #Vingroup’s shares #Forbes' rich list #vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

See more

Vietjet Air’s Airbus A330 taxis at Vaclav Havel Airport in Prague, the Czech Republic. (Photo: VNA)

Vietnam’s airlines expand international networks

The Civil Aviation Authority of Vietnam forecasts that the country’s aviation market will handle 94 million passengers and more than 1.6 million tonnes of cargo in 2026, up 13% and 9.3%, respectively, from 2025.

A representative of Sumika Electronic Materials Vietnam (VSIP Bac Ninh Industrial Park, Tu Son Ward) briefs the delegation from Customs Sub-department Region V on the company's operations. (Photo: báo bắc ninh)

Bac Ninh customs facilitates clearance to boost exports

Pham Chi Thanh, head of Customs Sub-Department Region V, said the unit is focusing resources on developing a digital customs model and streamlining professional procedures to shorten clearance times and reduce costs for businesses while maintaining effective state management.

At the sixth Golden Brand Awards 2026 ceremony (Photo: VNA)

Ho Chi Minh City honours top 50 brands for 2026

The awards aim to recognise brands that can lead their industries, drive innovation and create a ripple effect across the business community, lifting the city’s standing in a new growth stage.

Luxury apartment projects in downtown Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City's housing market sees price stabilisation, sharper buyer segmentation

According to Avison Young Vietnam, improved planning and infrastructure development have helped ease market uncertainty and prevented a complete freeze. More than 25,000 apartments are expected to enter the market in multiple launches between 2027 and 2030, with many projects scheduled to benefit from infrastructure improvements around 2030.

Vietnamese Deputy Minister of Industry and Trade Phan Thi Thang speaks at the forum (Photo: VNA)

Vietnam, Georgia look to more business opportunities

For Vietnamese firms, Georgia can serve as a gateway to broader regional markets, given its strategic location connecting the South Caucasus, Central Asia and China with European markets via the Black Sea.

Chairman of the Vietnamese Business Association in Laos (AVILA) Duong Dinh Bang (Photo: VNA)

PM’s visit injects fresh momentum into Vietnam-Laos special relations

At the 2026 Laos-Vietnam Investment Promotion Conference in Vientiane, the two PMs held direct dialogue with businesses and investors from both countries, affirming their determination to address bottlenecks in institutional frameworks, administrative procedures, transport infrastructure and payment connectivity. The goal of these efforts is to boost bilateral trade to 10 billion USD by 2030.

Deputy Secretary of the An Giang provincial Party Committee and Secretary of the Party Committee of the Phu Quoc special zone Dinh Van Noi speaks at the dialogue (Photo: baoangiang.com)

Phu Quoc moves to resolve infrastructure bottlenecks ahead of APEC 2027

Deputy Secretary of the An Giang provincial Party Committee and Secretary of the Party Committee of the Phu Quoc special zone Dinh Van Noi said an official information portal will be launched to receive public feedback, while hotlines for local leaders will allow businesses and residents to raise concerns directly.

Deputy Minister of Industry and Trade Phan Thi Thang at the forum. (Photo: VNA)

Vietnamese firms explore investment opportunities in Georgia

Priority areas with great cooperation potential include manufacturing, logistics infrastructure, renewable energy, tourism, hospitality, information and communications technology (ICT), and business process outsourcing (BPO), said a Georgian official.

Prime Minister Le Minh Hung and delegates launch the digital platform of the Vietnam Association of Small and Medium Enterprises (August 2026). Photo: VNA

Vietnamese businesses, entrepreneurs make growing contributions to national development

Vietnam Entrepreneurs’ Day is an opportunity to recognise businesses’ contributions and reinforce the entrepreneurial spirit, the pursuit of legitimate prosperity and national responsibility. With stronger policies and greater innovation, Vietnamese enterprises are expected to play an increasingly important role in economic growth and the country’s ambition to become a strong, prosperous nation.

A view at a CO.OPMART supermarket in Bac Ninh city (Photo: bacninh.gov.vn)

Bac Ninh’s CPI up 4.07% in nine months

The consumer price index (CPI) in Bac Ninh city rose 4.07% year-on-year in the first nine months of 2026, with housing and construction materials, education and transport recording the sharpest increases, according to the municipal Statistics Office.