Billionaire Nguyen Thi Phuong Thao is the second richest woman in Vietnam.

The Vietnamese stock market continued to explode in the trading session on August 20 with a new record for the VN-Index and very high liquidity.

Strong selling pressure at times caused the VN-Index to drop more than 20 points. However, the breakthrough of the pillar stocks helped the index score points at the end of the trading session, despite the market being covered in red with 317 stocks down and only 93 stocks up (of which 12 stocks hit the ceiling).

At the end of the session, VN-Index increased by 10.16 points (+0.61%) to 1,664.36 points - a new historical peak. Meanwhile, HNX-Index and Upcom-Index decreased.

The market's mark is the "Vin family" stock group of billionaire Pham Nhat Vuong and bank stocks.

Vingroup (VIC) shares increased by VND6,000 to VND124,200, while Vinhomes (VHM) increased by VND5,100 to VND99,000/share. These were the two stocks that supported the stock market from the beginning to the end of the trading session.

The market witnessed a breakthrough in banking stocks with LPBank (LPB), VIB Bank (VIB) and VPBank (VPB) hitting the ceiling. Techcombank (TCB), Sacombank (STB), SeABank (SSB), Vietinbank (CTG)… shares also increased sharply.

HDBank (HDB) shares, chaired by Ms. Nguyen Thi Phuong Thao, turned down after a previous ceiling price session and a series of strong increases.

Ms. Nguyen Thi Phuong Thao at the inauguration ceremony of Saigon Marina IFC Tower. Photo: VGP/Tran Manh

However, HDBank is still around its historical peak and billionaire Nguyen Thi Phuong Thao has a high level of assets. Ms. Thao set a new milestone with assets reaching 3.7 billion USD as of August 20, according to Forbes.

Compared to May, her assets have increased by 1.2 billion USD, helping her maintain her position as the second richest person in Vietnam, just behind billionaire Pham Nhat Vuong and ranked 1,069th in the list of world billionaires. This breakthrough comes from the impressive growth of two businesses she leads: HDBank (HDB) and VietJet Air (VJC).

HDBank shares had an explosive trading month, increasing from VND24,000/share to over VND32,000/share, an increase of over 33%. Notably, in the morning session of August 19, HDB shares hit the ceiling price of VND32,500 (+6.56%), with a trading volume of over 34 million units.

Banking stocks have broken out as most credit institutions reported strong profit growth in the first half of 2025. Credit growth is very high. Some banks participating in restructuring have just had their required reserve ratios reduced by 50%, including HDBank, VPBank...

HDBank also received high expectations from investors when billionaire Phuong Thao appeared as the "host" at the inauguration and launch of the Saigon Marina International Financial Center (Saigon Marina IFC). This further raised expectations about her role in shaping the international financial center in Ho Chi Minh City.

Ms. Thao holds more than 3.7% of shares at HDB, while Sovico Group holds more than 12.9%.

In addition, VietJet (VJC) shares, chaired by Ms. Thao, also recorded a strong increase, from VND93,000 in mid-July to about VND145,000 in mid-August, an increase of more than 55%.

As of August 20, according to Forbes' list, billionaire Pham Nhat Vuong is still the richest in Vietnam with 12.7 billion USD, followed by Ms. Phuong Thao.

Billionaire Tran Dinh Long ranked 3rd with 2.8 billion USD, ranking 1,432nd in the world. Techcombank Chairman Ho Hung Anh ranked 4th with 2.7 billion USD and finally Masan Chairman Nguyen Dang Quang with 1.2 billion USD.

Vietnamnet.vn

Source: https://vietnamnet.vn/ty-phu-vietjet-nguyen-thi-phuong-thao-giau-thu-hai-viet-nam-2434215.html