On March 3rd, stocks of Vingroup, Vinhomes, and Vincom Retail surged, enabling Vingroup to surpass PV Gas and return to the top 10 largest companies by market capitalization on the Vietnamese stock exchange, valued at nearly 161 trillion VND. Billionaire Pham Nhat Vuong’s stock wealth also increased by nearly 2 trillion VND, solidifying his status as the richest individual on the exchange with an estimated total wealth of 90 trillion VND (3.5 billion USD). According to Forbes, Vuong’s assets amount to 5.3 billion USD, ranking him 637th in the world. Vingroup is projected to achieve revenues of 192.159 trillion VND and a post-tax profit of 5.251 trillion VND in 2024, driven by strong performance in real estate and electric vehicles. Additionally, Vingroup has recently established a subsidiary in the field of smart urban applications.
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