Billionaire Pham Nhat Vuong’s Vingroup (VIC) shares have surged, reaching 53,000 VND/share, pushing the market capitalization to nearly 203 trillion VND, marking the first time in 18 months it has exceeded 200 trillion VND. This rise has restored Vingroup to the position of the largest private enterprise on Vietnam’s stock exchange. Vinhomes (VHM) shares have also seen a nearly 30% increase in the past month. Previously, Vingroup’s total market capitalization reached nearly 1 trillion VND. Recent positive news, such as Vinpearl’s planned listing on HoSE, has contributed to this revival. Vuong’s assets on the stock market have surpassed 110 trillion VND, making him the richest person in Vietnam with a wealth of 7.1 billion USD, according to Forbes. VinFast, his electric vehicle company, is among the top 10 most valuable car manufacturers worldwide, valued at around 8 billion USD.
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