How did the peak stock prices increase the assets of Vietnam's USD billionaires?

During the past week, VJC shares of VietJet Air had 5 consecutive sessions of increase, including 3 sessions of ceiling price. In total, VJC shares increased by more than 28% during the week. This also brought the assets of billionaire Nguyen Thi Phuong Thao - Chairwoman of Vietjet - to jump to 3.2 billion USD according to Forbes magazine. Thus, after only one week, her assets have increased by 400 million USD. Her current asset value is also the highest ever since Forbes magazine compiled the list of USD billionaires in Vietnam.

PHOTO: NGOC THANG

Meanwhile, the top USD billionaire in the list of Vietnam according to Forbes is Mr. Pham Nhat Vuong - Chairman of Vingroup Corporation, currently with assets worth 11.9 billion USD - an increase of nearly 300 million USD compared to mid-May when Vinpearl Joint Stock Company's shares were listed on HOSE. The group of stocks of the "Vin" family has also continuously increased recently, such as Vingroup's VIC code increased by 19.3% compared to early July; Vinhomes' VHM stock increased by more than 22%...

Billionaire Pham Nhat Vuong's assets are now at an all-time high and have doubled since the beginning of the year. He is currently ranked 228th on the Forbes list of world billionaires.

Also having stocks increase recently, Chairman of Hoa Phat Group, Mr. Tran Dinh Long currently has assets worth 2.6 billion USD - an increase of 500 million USD compared to mid-May. Compared to the beginning of this year, Mr. Tran Dinh Long's assets are 300 million USD higher. Hoa Phat stocks in July also continuously increased by nearly 15%.

Another billionaire, Mr. Ho Hung Anh - Chairman of Techcombank, also had his assets rise to a record level of 2.4 billion USD for the first time, an increase of 600 million USD compared to mid-May and 700 million USD higher than the beginning of the year. TCB shares of Techcombank and MSN shares of Masan Group, units related to this billionaire, continuously increased.

Similarly, the rise in MSN shares also brought Mr. Nguyen Dang Quang - Chairman of Masan Group's assets to 1.1 billion USD and returned to the ranking of the world's richest people, while in mid-May he was eliminated when his assets fell below the threshold of 1 billion USD. Compared to the beginning of this year, billionaire Nguyen Dang Quang's assets only increased by 100 million USD.