The richest people in Vietnam – Who are they?

Six of the world’s billionaires are in Vietnam.

Forbes added six Vietnamese into its latest list of the world’s richest people in 2021. This is the year with the largest number of billionaires in Vietnam, and they come from various industries.

Mr. Nguyen Dang Quang – Founder and chairman of Masan Group – #2378

Mr. Nguyen Quang Dang - Founder and chairman of Masan Group. Photo: VietnamFinance.vn
Mr. Nguyen Quang Dang – Founder and chairman of Masan Group. Photo: VietnamFinance.vn

With a fortune of US$1.4 billion, Mr. Nguyen Dang Quang ranked sixth in the list of the world’s billionaires. He is the founder and chairman of Masan Group, the first vice president of Techcombank board of management since April 2016. Mr. Nguyen also pioneered the import of Vietnamese instant noodles and chili sauce into Russia. Masan Consumer Holdings is Masan’s strength and his  traditional manufacturing business. Mr. Nguyen and Mr. Ho Hung Anh (Chairman of the board of Techcombank)have always been the perfect duo, who used to participate in both the Masan and Techcombank empires. Recently, Mr. Ho withdrew from Masan to focus on Techcombank to comply with new  banking regulations, while Mr. Nguyen continues to operate Masan.

Mr. Tran Ba Duong – Chairman of the board of Truong Hai Automotive Group (THACO) – #1931

Mr. Tran Ba Duong ranked #1931
Photo: VnExpress.net
Mr. Tran Ba Duong ranked #1931
Photo: VnExpress.net

At the same position with Mr. Ho Hung Anh was Mr. Tran Ba Duong, Founder and Chairman of Truong Hai Automotive Group (THACO). He is the fifth billionaire in Vietnam to make the list of the richest people in the world.

Mr. Tran and his family owned a $16 billion fortune and he was also the general manager of the Dai Quang Minh Real Estate Investment Corporation. At first, THACO sold cars and then it began assembling operations for foreign brands, such as Kia, Mazda and Peugeot.

THACO is the largest automaker in Vietnam, accounting for more than one third of the country’s market share.

Mr. Ho Hung Anh, Chairman of the board of Techcombank, #1931

Mr. Ho Hung Anh - Chairman of Techcombank. Photo: Zing.vn
Mr. Ho Hung Anh – Chairman of Techcombank. Photo: Zing.vn

Mr. Ho Hung Anh is a businessman as well as a Vietnamese billionaire with an estimated assets of $1.9 billion. He currently serves as Chairman of the Board at Vietnam Technological and Commercial Joint Stock Bank (Techcombank). Besides, he is also a close associate of billionaire Nguyen Dang Quang (chairman of Masan Group, who is also on Forbes’ list). The two met while studying in Russia, and held important positions in Masan Corporation. By April 2018, Mr. Ho  left Masan after 10 years to focus more on Techcombank. In 2018, under the leadership of Mr. Ho, Techcombank became Vietnam’s first private bank to reach post-tax profit of VND10,000 billion.

Mr. Tran Dinh Long – Chairman of Hoa Binh Group – #1444

Mr. Tran Dinh Long – Chairman of Hoa Binh Group  Photo: Baodautu.vn
Mr. Tran Dinh Long – Chairman of Hoa Binh Group  Photo: Baodautu.vn

Known as the “King of Steel”, Mr. Tran Dinh Long – Chairman of Hoa Binh Group has returned on Forbes’ list of billionaires at 1444th ranking. In 2020, he was the second-richest man on the Vietnamese stock exchanges, only behind Mr. Pham Nhat Vuong. The chairman of Hoa Binh Group now owns $3.5 billion worth of assets, and his company is Vietnam’s largest steel and office equipment manufacturer.

Apart from the steel industry, Hoa Phat is aiming to be a conglomerate with businesses in real estate and container manufacturing.

Mrs. Nguyen Thi Phuong Thao – CEO of VietJet Air – #1111

Mrs. Nguyen Thi Phuong Thao - the only female billionaire in Vietnam. Photo: womenleadersforum.vn
Nguyen Thi Phuong Thao, VietJet Aviation CEO. Source: VietJet Aviation JSC

Ranked 2nd on the list of the richest people in Vietnam was Mrs. Nguyen Thi Phuong Thao. With an estimated assets of $2.3 billion, Mrs. Nguyen is the first female self-made billionaire in Southeast Asia, and remains on Forbes’s list of 100 most powerful women in the world. In 2011, she established VietJet Air. Under her brilliant leadership, the company has grown at a rapid pace, accounting for 29 per cent of Vietnam’s market share in just three years from 2014 to 2016. In addition, she  invests in other areas such as HD Bank, Vietnam International Bank and real estate with three beach resorts.

Mr. Pham Nhat Vuong – Chairman of Vingroup – #344.

Chân dung tỷ phú Phạm Nhật Vượng. Photo: CafeF
Chân dung tỷ phú Phạm Nhật Vượng. Photo: CafeF

Top on the list of Vietnam’s richest people is Mr. Pham Nhat Vuong, founder and chairman of Vingroup. He was the first Vietnamese and the richest billionaire with a fortune of  $8.5 billion. Mr. Pham studied in Russia and started his business with instant noodle manufacturing  in Ukraine in the 1990s, before moving back to Vietnam. Vingroup’s strategic brand groups include: Vinhomes (luxury housing real estate), Vincom (luxury commercial centres ), Vinpearl (tourism operation services). At the same time, Vinmec (high-quality health care), Vinschool (education) and Vinfast (automobile) have expanded as well.

In December 2020, he and his wife, Mrs. Pham Thu Huong, established the $4.5 million VinFuture Award in honor of innovative scientific and technological research and creativity.

This content is also available in: Tiếng Việt

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This content is also available in: Tiếng Việt