Vietnam’s Wealthiest Tycoon Becomes Asia’s Fifth Richest Person As VinFast Surges On Nasdaq Debut (2024)

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Vietnam’s Wealthiest Tycoon Becomes Asia’s Fifth Richest Person As VinFast Surges On Nasdaq Debut (2024)

FAQs

Vietnam’s Wealthiest Tycoon Becomes Asia’s Fifth Richest Person As VinFast Surges On Nasdaq Debut? ›

Vietnam's Wealthiest Tycoon Becomes Asia's Fifth Richest Person As VinFast Surges On Nasdaq Debut. Billionaire Pham Nhat Vuong joined the top ranks of Asia's richest after shares of his electric vehicle maker Vinfast Auto surged 255% on the company's Nasdaq debut, adding a whopping $39 billion to his net worth.

How much is VinFast and the Vietnamese billionaire founder really worth? ›

Vietnamese billionaire Pham Nhat Vuong has gotten a lot richer over the past month. VinFast Auto stock has skyrocketed since its public debut, and Vuong owns 99% of the company. Here's how Pham Nhat Vuong built his more than $60 billion fortune.

Who are the 5 richest people in Vietnam? ›

According to Forbes, the current five Vietnamese billionaires are Vingroup Chairman Phạm Nhật Vượng, VietJet Air Chairwoman Nguyễn Thị Phương Thảo, Hòa Phát Chairman Trần Đình Long, Thaco Chairman Trần Bá Dương and Techcombank Chairman Hồ Hùng Anh.

How did Pham Nhat Vuong get rich? ›

In the 1990s, while living in Ukraine, Pham Nhat Vuong started an instant noodle restaurant business using money borrowed from friends and family. Soon he also started producing and selling instant noodles. In 1993, he founded Technocom, which would become a market leader in dehydrated culinary products in Ukraine.

Who is the Vietnamese billionaire in the US? ›

2018 Billionaires Net Worth

Kieu Hoang is vice chairman of Shanghai RAAS Blood Products Co.; he owns about 35% of the Shenzhen Stock Exchange-listed company. Hoang was born poor in Vietnam and immigrated to the U.S. with his family in 1975 as the last of the American troops were pulling out of the country.

Is VinFast worth more than Ford? ›

Vietnamese EV maker VinFast is now worth more than Ford and GM after Nasdaq debut. VinFast is currently worth $85 billion after its shares jumped in Tuesday's market debut. This vaulted it past the world's largest automakers. A SPAC deal initially valued the company at about $23 billion.

Is VinFast losing money? ›

Vietnam EV Maker VinFast Reports $2 Billion Net Loss In 2023 | Barron's.

Why is Vietnam so rich now? ›

Vietnam's growth story has been propelled by an export-led industrialization, driven by three waves of foreign direct investments over the past three decades, and the country is on the precipice of a fourth wave, Maybank's Economist and Assistant Vice President Brian Lee said.

What salary is considered rich in Vietnam? ›

Its depends on how you consider high salary. If you consider higher than the GDP of Vietnam than the GDP of Hanoi is already being considered high salary. But if you consider high salary in the high society and the salary of rich people in Vietnam then it is about 10000 USD plus a month.

What is the average income of a Vietnamese person? ›

In the third quarter of 2023, the average monthly salary for male paid workers was around 8.1 million Vietnamese dong, indicating a slight increase from the previous quarter. Meanwhile, the average monthly salary for female paid workers was around 5.9 million Vietnamese dong.

Who is richest man in Vietnam? ›

A company backed by billionaire Pham Nhat Vuong, the richest person in Vietnam, is investing 10 trillion dong ($404 million) to build electric vehicle charging stations across the country.

What is the richest family in Vietnam? ›

According to Forbes, the current five Vietnamese billionaires are Vingroup Chairman Pham Nhat Vuong, VietJet Air Chairwoman Nguyen Thi Phuong Thao, Hoa Phat Chairman Tran Dinh Long, Thaco Chairman Tran Ba Duong and Techcombank Chairman Ho Hung Anh.

How many billionaires are in Vietnam? ›

The number of Vietnamese billionaires in US dollar has dropped to five in the early months of 2024 from the previous six, reported in April 2023.

What city in the US has the most Vietnamese? ›

Share this chart:
Metro areaVietnamese population
Los Angeles346,000
Houston143,000
San Jose, CA143,000
Dallas96,000
6 more rows
Apr 29, 2021

What state in the US has the most Vietnamese? ›

California is a familiar state for many overseas Vietnamese as well as Vietnamese people because it is the state in the US with the largest number of Vietnamese people living. The number of Vietnamese living in California accounts for nearly 40% of the total number of Vietnamese residing in the US.

How many Vietnamese live in USA? ›

They comprise approximately half of all overseas Vietnamese and are the fourth-largest Asian American ethnic group following Chinese Americans, Indian Americans, and Filipino Americans. There are approximately 2.3 million people of Vietnamese descent residing in the U.S. as of 2023.

Who is the richest man in VinFast? ›

Billionaire Pham Nhat Vuong, Vietnam's wealthiest man, joined the top ranks of Asia's richest after shares of his electric vehicle maker VinFast Auto surged 255% on the company's Nasdaq debut, adding a whopping $39 billion to his net worth.

How much is Pham Nhat Vuong net worth? ›

Who is the richest guy in Vietnam? ›

According to Forbes, the current five Vietnamese billionaires are Vingroup Chairman Pham Nhat Vuong, VietJet Air Chairwoman Nguyen Thi Phuong Thao, Hoa Phat Chairman Tran Dinh Long, Thaco Chairman Tran Ba Duong and Techcombank Chairman Ho Hung Anh.

Who is the richest man in Vietnam 39 billion? ›

The electric automaker's shares surged 255 percent Tuesday, adding $39 billion to the net worth of chairman Pham Nhat Vuong and pushing the company's market capitalization above that of industry giants General Motors Co. and Mercedes-Benz Group AG.

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