Huge assets of Vingroup corporation owner

Tycoon Pham Nhat Vuong - Chairman of Vingroup is the only representative of Vietnam on the list of the world's richest billionaires in 2015 announced by Forbes magazine.

For the third consecutive year, Vietnam’s billionaire Pham Nhat Vuong continues to be on Forbes’ billionaire list, ranking 1,118th with a fortune of 1.7 billion USD. Along with Mr. Vuong, Southeast Asia contributes 81 billionaires to the Forbes list.

In the past 2 years, Mr. Vuong's assets increased from 1.5 to 1.6 billion USD, and this year it is 1.7 billion USD. At this point, Mr. Vuong owns 423,233,803 shares of Vingroup, with a total value of up to 21,119 billion VND.

Not only is he the first Vietnamese billionaire to be included in the list published by the American magazine Forbes, Pham Nhat Vuong is also one of the 10 best new billionaires in the world in 2013. For 4 consecutive years, he has topped the list of richest billionaires in the Vietnamese stock market.

Born in 1968, originally from Ha Tinh but born and raised in Hanoi, Pham Nhat Vuong had a different childhood than his peers, born during the difficult subsidy period, living in a large family, his father was a soldier. Poverty forced his mother to sell tea to earn more money to pay for and raise his children. When he got high scores in the Hanoi University of Mining and Geology and was selected to study abroad in Russia in 1987, he had only one dream: to help his family reduce their suffering.

Vinpearl Ha Long Bay Resort of Vingroup Corporation.

Starting from nothing, he never thought he would own such a huge corporation. Before, when the noodle factory started making profit in 1997-1998, he thought that when he had 2 million USD, he would quit his job and go out.

According to forecasts, in 2014, billionaire Pham Nhat Vuong (Vingroup) continues to lead the list with an asset size of approximately 20,000 billion VND, far surpassing the rest. Compared to last year, Mr. Vuong's asset size has not changed much, although the number of shares has increased by about 50%.

In addition to his stock assets, billionaire Pham Nhat Vuong is also famous for Vingroup's "huge" projects and constructions built over the past 10 years, such as Vinhomes Riverside, known as Venice in the heart of Hanoi, Royal City project, Times City.... The common point of these projects is that the investment level is calculated in thousands of billions.

Most recently, on June 26, 2016, his group broke ground on the Vinpearl Cua Hoi hotel, entertainment area, and resort villa complex project in Nghi Hai ward, Cua Lo town.

According to DSPL