Stocks soar, billionaires' assets skyrocket to new record

VN-Index has reached a historical peak of over 1,600 points and a series of stocks have increased strongly. In particular, the group of blue-chip stocks always rotates upward, leading the general increase of the market. This has also brought the assets of USD billionaires to a new record.

Specifically, according to Forbes (USA), billionaire Pham Nhat Vuong's assets currently reach 12 billion USD, an increase of 24 million USD in the past day. This is a new record asset value of the leading billionaire in Vietnam. Thus, in just the past 2 weeks, billionaire Pham Nhat Vuong's assets have doubled and he is now ranked 220th on the list of the world's richest people. The group of stocks in the Vingroup ecosystem including VIC, VHM, VRE and VPL have all increased sharply in recent times.

PHOTO: VIC

Vietnam's only female billionaire, Nguyen Thi Phuong Thao - Chairwoman of Vietjet Air - also set a new record of 3.3 billion USD. Her assets have also increased by 100 USD since the beginning of August when Vietjet's VJC shares and Ho Chi Minh City Development Bank's HDB shares were both among the stocks that increased strongly on the Vietnamese stock market. Compared to the value of her assets at the beginning of this year, the female billionaire has pocketed an additional 800 million USD.

Also with a high increase in assets is the Chairman of Hoa Phat Group, Mr. Tran Dinh Long, who currently has a record asset of 2.8 billion USD - an increase of 200 million USD compared to the end of July and a total of 500 million USD more than the beginning of the year. In just the first 10 trading days of August, HPG shares of Hoa Phat Group were traded actively with prices increasing by nearly 13%.

Not to be outdone, Techcombank Chairman Ho Hung Anh also saw his assets rise to a record $2.6 billion for the first time, up $200 million from a month earlier and $900 million higher than at the beginning of this year. Techcombank’s TCB and Masan Group’s MSN shares, which are related to this billionaire, continued to rise.

Similarly, MSN shares have continuously increased sharply in many sessions, including some dark sessions, bringing the assets of Mr. Nguyen Dang Quang - Chairman of Masan Group to 1.2 billion USD, 200 million USD higher than at the beginning of this year. However, his current assets are only equal to last year and far below the highest level according to Forbes ' ranking of 1.9 billion USD in April 2022.