Friday, August 17, 2018 9:59:57 AM - Markets open
VN-INDEX 969.94 +5.66/+0.59%
HNX-INDEX 108.60 +0.69/+0.64%
UPCOM-INDEX 51.50 +0.12/+0.23%
Vietnam has four billionaires in Forbes’ list
VietnamPlus - 3/8/2018 10:15:32 AM
 (0 ratings. You must sign in to rate.)
Vietnam now has four billionaires named in the annual Forbes list released recently, doubling the number in last year’s rankings.
 
Besides Pham Nhat Vuong and Nguyen Thi Phuong Thao, Thaco Chairman Tran Ba Dng and Hoa Phat Chairman Tran Dinh Long feature in the Forbes 2018 list.
 
Vuong, owner of real estate conglomerate Vingroup and Vietnam’s first billionaire, has been named for the sixth consecutive time. He is currently the world’s 499th richest person. Vuong also retained his position as Vietnam’s richest man, with a net worth of 4.3 billion USD, a 1.9 billion USD increase compared to last year.
 
Thao, the world’s 766th richest person, is the chief executive officer of budget carrier VietJet Air. She has assets worth 3.1 billion USD. Vietjet Air operates more than 40 percent of the flights in Vietnam. According to Forbes, besides investing in the airline, Thao also invests in HDBank and real estate, including three beach resorts.
 
Duong, 57, founded Thaco, the leading automotive manufacturer, assembler and distributor in Vietnam, in 1997. He ranks world No. 1,339 on the Forbes list, with a net worth of 1.8 billion USD. Thaco has recently become a distributor of two luxury cars - BMW and MINI - in the Vietnamese market. By 2016, it had become the largest car company in Vietnam, with a 32 percent share in the automobile market, according to Forbes.
 
Long, 57, ranks 1,756th in the world in the list of richest persons, with a net worth of 1.3 billion USD. He founded the Hoa Phat steel corporation in 1992. Hoa Phat has had the largest market share for steel in the country. It achieved impressive business results in 2017, earning a profit of 8 trillion VND (351 million USD), the highest in its history, and raising the price of its shares three times. Long holds 25 percent of the group’s shares.
 
Topping the Forbes list this year is Amazon founder Jeff Bezos, who became world’s first centi-billionaire with a net worth of 112 billion USD, up 39.2 billion USD from 2017. Bill Gates, Microsoft’s co-founder and last year’s richest person, dropped to second place with a net worth of 90 billion USD.
 
This year saw an 18 percent increase in the number of billionaires around the world and set a record with a total of 2,208 billionaires, with total assets worth 9.1 trillion USD.
 
The US had the most billionaires at 585, followed by China at 476.
Vietnam had its first US dollar billionaire in 2013.-VNA
 
Read original article here
Newer News
19/05 Woomi Construction seizes major holding in two real estate developers
09/05 VIS: Kyoei Steel’s prospects after Vietnam Italy Steel acquisition
04/04 Nawaplastic to boost holdings in Bình Minh Plastic to more than 50%
21/03 BHN: Foreign investors eager to acquire Habeco
12/03 Thailand investor buys more BMP stake
Older News
12/01 Standard Chartered Bank ends 12-year partnership with ACB
29/12 Despite healthy performance, foreign funds divest MWG
18/12 Thai Bev only bidder seeking to buy $5 billion stake in Vietnam's Sabeco
12/12 Thai Beverage bids on 25 per cent of Sabeco
11/12 JC&C reinforces presence in Vietnam
11/12 Global brewers line up bids for Vietnam's Sabeco sale - sources
01/12 VIS divestment brings dual benefits for Thai Hung
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 10:06:35 AM
VN-INDEX 969.94 +5.66/+0.59%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.