According to Forbes, Pham Nhat Vuong, Chairman of Vingroup, ranked 100th on the world billionaire list with a $1.4 billion increase in assets to 246,400 VND per share on November 25. Vuong, the first Vietnamese billionaire recognized in 2013 with a fortune of $1.5 billion, has seen his assets multiply 15 times over the past decade. Vingroup now has total assets exceeding 1.08 million billion VND, becoming the first private company in Vietnam to reach this level. Born in 1968 in Hanoi, he started his career in Ukraine with the instant noodle brand Mivina before returning to Vietnam to invest heavily in real estate. Under his leadership, Vingroup has become a major influencer in urbanization and consumption, with recent focus on VinFast, Vietnam’s first electric car company, aiming for global expansion.
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