Daughter-in-law of Vietnam's richest man Pham Nhat Vuong becomes shareholder of Vingroup subsidiary

By Trong Hieu October 30, 2025 | 03:40 pm PT

Nguyen Phuong Nhi, the second runner-up in the 2022 Miss World Vietnam pageant and daughter-in-law of Vietnam's richest man Pham Nhat Vuong, owns 1% of Vin New Horizon.

The operator of a high-end retirement urban area in HCMC has a charter capital of VND1 trillion (US$38 million), of which Vingroup holds 65%, it said in a statement.

Nguyen Phuong Nhi modeling for a wedding gown brand. Photo courtesy of Nguyen Phuong Nhi

Vuong’s wife Pham Thu Huong owns 32% and is the company’s chairwoman. The other daughter-in-law of Vuong, Bui Lan Anh, and his daughter Pham Nhat Minh own a 1% stake each.

Nhi, 23, is married to Pham Nhat Minh Hoang, Vuong’s second son and CEO of Green Future, which leases and trades used VinFast cars.

Nguyen Phuong Nhi (R) stands next to Pham Nhat Minh Hoang in their engagement ceremony in January 2025 in Thanh Hoa Province, northern Vietnam. Photo by VnExpress/Linh Linh

Vingroup earlier this month established Vin New Horizon, a high-end retirement hub operator in HCMC’s coastal area of Can Gio, formerly a district before the reorganization of provinces and cities.

It plans to build a five-star nursing hospital and specialized centers for geriatric ailments along with spas, hotels and villas.

Vuong, chairman of Vingroup, is Vietnam's richest man with net worth of $19.1 billion as of Thursday.