Who is the richest of the 4 dollar billionaires of Vietnam?

Topping the top 5 richest billionaires on the stock market is still billionaire Pham Nhat Vuong, Chairman of Vingroup Corporation, with the total value of VIC shares he holds as of January 31 being 132,567 billion VND, equivalent to 5.84 billion USD.

Vingroup Chairman currently owns 1,541,476,532 VIC shares. Of which, he directly owns 723,969,134 shares, and indirectly owns 817,507,398 shares through owning 93% of shares of Vietnam Investment Group Corporation.

VIC stock price increased by 11% in January 2018, meaning that Mr. Pham Nhat Vuong's assets increased by 11% in just the first month of the year.

Coming in second on this list is still young billionaire Trinh Van Quyet, Chairman of FLC Group, with assets converted into shares worth 56,576 billion VND, equivalent to 2.49 billion USD.

Mr. Trinh Van Quyet currently owns 2,630,000 ART shares of Artex Securities Company; 135,187,150 FLC shares; and 318,514,630 ROS shares. Compared to the end of 2017, Mr. Quyet's assets have decreased by 127 billion VND due to the sharp decrease in ROS share price. However, ROS just had a spectacular price increase on the last trading day of January with a ceiling increase of 174,400 VND/share.

The third position remains unchanged with a familiar face, billionaire Nguyen Thi Phuong Thao. The HDBank Chairwoman has VND34,198 billion, equivalent to USD1.50 billion. This figure has increased by a staggering 58% since the end of 2017.

Ms. Nguyen Thi Phuong Thao currently owns 35,961,580 HDBank shares, 39,559,095 VJC shares directly, and indirectly owns 128,950,134 VJC shares through owning 100% of shares at Huong Duong Sunny Investment Company Limited.

Meanwhile, the fourth richest person, Chairman of the Board of Directors of Hoa Phat Group Tran Dinh Long has officially become the fourth dollar billionaire on the stock market with the total value of HPG shares he holds as of January 31 being VND23,771 billion (USD1.048 billion). Mr. Long currently holds 381,557,138 HPG shares. With impressive business results in 2017, the price of this share has increased by 33% compared to the end of 2017, meaning that Mr. Tran Dinh Long's assets have increased by 33% in just 1 month.

Thus, Mr. Tran Dinh Long has far surpassed the person behind him in the top 5 richest people on the stock market, Mr. Ho Xuan Nang, Chairman of the Board of Directors of Vicostone JSC. As of January 31, the total value of VCS shares held by the Nam Dinh-born tycoon was VND13,354 billion (USD589 million), down 3% compared to the end of 2017.

Mr. Ho Xuan Nang holds 59,617,897 VCS shares, of which he indirectly holds 57,600,000 shares through owning 90% of shares at A&A Green Phoenix Group Joint Stock Company.

Mr. Ho Xuan Nang’s 5th position could be replaced by Mr. Bui Thanh Nhon, Chairman of Nova Real Estate Company. With nearly 146 million NVL shares, the total assets of this real estate giant are currently VND11,701 billion (USD516 million), up 23% since the end of 2017.

Meanwhile, Mr. Doan Nguyen Duc, who is mentioned with the success of the Vietnam U23 men's football team, is ranked 23rd in the list of richest people on the stock exchange with a total asset value (through holding HAG shares) of 2,663 billion VND.

However, the ranking of the richest people on the stock market does not accurately reflect the ranking of the richest people in Vietnam. For example, Mr. Nguyen Dang Quang, Chairman of Masan Group, although he only holds 10 MSN shares, he is considered the 3rd richest person in Vietnam after Mr. Pham Nhat Vuong and Ms. Nguyen Thi Phuong Thao.

Although he only holds 10 shares of Masan Group, Mr. Quang is still considered the real owner of this group, based on his position as the major shareholder of Masan Corporation (Masan Corp) - the company that directly and indirectly holds 50% of Masan Group's shares.