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Vietnam’s richest man sees net worth plunge along with VinFast share

Vietnam’s richest man sees net worth plunge along with VinFast share

The net worth of Pham Nhat Vuong continued to plummet along with the VinFast share price, and he has become 60% poorer in the two days since it listed.
Vietnam’s richest man plunges to 32nd place in global billionaires list

Vietnam’s richest man plunges to 32nd place in global billionaires list

Vingroup chairman Pham Nhat Vuong has dropped to 32nd place in the Forbes billionaires rankings after being in 16th place Wednesday.
August 16, 2023 | 09:53 pm PT
Vingroup chairman becomes world’s 16th richest person

Vingroup chairman becomes world’s 16th richest person

Pham Nhat Vuong’s total assets of $73.9 billion now makes him the world’s 16th richest man, according to Forbes.
August 16, 2023 | 06:21 am PT
Vietnam's richest man sees assets rise by $39B as VinFast shares zoom on listing

Vietnam's richest man sees assets rise by $39B as VinFast shares zoom on listing

The surge in VinFast share prices on listing on Tuesday added US$39 billion to the net worth of Vietnam’s richest man and the company’s chairman, Pham Nhat Vuong.
August 15, 2023 | 06:46 pm PT
‘Money not end goal for EV manufacturing’: Vingroup chairman

‘Money not end goal for EV manufacturing’: Vingroup chairman

Investing in electric vehicle manufacturing is Vingroup’s mission to contribute to Vietnam’s development by building a high-tech brand with global influence, according to chairman Pham Nhat Vuong.
May 17, 2023 | 01:39 am PT
Vietnam EV maker VinFast to list in the US via a SPAC

Vietnam EV maker VinFast to list in the US via a SPAC

Vietnamese electric automaker VinFast said on Friday it will list in the United States via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co.
May 12, 2023 | 05:37 am PT
Vietnam’s richest man launches electric taxi firm

Vietnam’s richest man launches electric taxi firm

Pham Nhat Vuong, Vietnam’s richest man, has established GSM, an all-electric taxi operator with a charter capital of VND3 trillion ($126.85 million).
March 6, 2023 | 11:24 pm PT
Vingroup chairman not banned from traveling abroad: public security ministry

Vingroup chairman not banned from traveling abroad: public security ministry

The public security ministry on Saturday dispelled rumors that Vingroup chairman Pham Nhat Vuong, Vietnam's richest man, is being banned from leaving the country.
October 29, 2022 | 06:42 am PT
Vingroup chairman sets up joint property investment company

Vingroup chairman sets up joint property investment company

Vietnam’s richest man Pham Nhat Vuong has established a new company, VMI JSC, which offers to split a Vinhomes property into 50 smaller pieces for investors to buy.
October 6, 2022 | 02:04 am PT
Vietnamese billionaires say no to salaries

Vietnamese billionaires say no to salaries

Being chairmen of giant corporations with revenues exceeding billions of dollars, some Vietnamese billionaires chose to draw zero salaries.
September 4, 2022 | 05:32 am PT
9 face punishment for spreading false info about Vingroup chairman

9 face punishment for spreading false info about Vingroup chairman

Police are probing nine people in seven localities for spreading rumors saying Vingroup Chairman Pham Nhat Vuong, Vietnam's richest man, had been prevented from traveling abroad.
July 11, 2022 | 01:55 am PT
Vietnam’s 7 richest people lose $2 bln amid stock market plunge

Vietnam’s 7 richest people lose $2 bln amid stock market plunge

The total net worth of Vietnam’s billionaires has fallen by 10 percent since the last Forbes’ update in March to $19.3 billion due to a plunging stock market.
May 20, 2022 | 12:24 am PT
Vietnam's Vinfast IPO may be delayed to 2023 on market uncertainty

Vietnam's Vinfast IPO may be delayed to 2023 on market uncertainty

The chairman of Vietnam's Vingroup conglomerate said on Wednesday that an initial public offering (IPO) for the company's auto unit, VinFast, may be delayed until next year due to market uncertainty.
May 12, 2022 | 09:00 pm PT
Vinfast spots 'golden' opportunity to sell electric cars

Vinfast spots 'golden' opportunity to sell electric cars

A global shortage provides Vinfast with a "golden opportunity" to market electric cars and build its brand, Vingroup Chairman Pham Nhat Vuong said Wednesday.
May 11, 2022 | 02:34 am PT
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