Vietnamese billionaire Pham Nhat Vuong, founder and chairman of Vingroup, has climbed to No. 145 on Forbes’ global billionaire list, with an estimated net worth of USD 16.8 billion, up sharply from USD 4.1 billion at the start of the year. The surge follows a fourfold rally in Vingroup’s stock (VIC), which has jumped from VND 40,000 to VND 176,500 per share as of October 4.
Vuong injects capital into VinEnergo, VinSpeed
According to Vingroup, Vuong will transfer over 60 million VIC shares — worth approximately VND 10.6 trillion (USD 415 million) — to VinEnergo JSC, an energy company under the group, between October 9 and November 7.
After the transaction, Vuong’s ownership in Vingroup will decrease from 11.59% to 10.04%, while VinEnergo’s stake will rise to 4.27% (165.7 million shares).
This move follows earlier capital injections:
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June 2025: Vuong contributed 70.6 million VIC shares to VinEnergo.
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July 2025: He added 78.5 million shares, valued at nearly VND 8.4 trillion, to VinSpeed JSC, established to develop the North–South high-speed railway.
VinSpeed now holds over 135.6 million Vingroup shares (3.5% stake) and is currently recruiting engineers and project staff for railway routes such as Ho Chi Minh City–Can Gio and Hanoi–Quang Ninh.
Expanding into energy and infrastructure
VinEnergo is the lead investor in the Hai Phong LNG Power Plant, Vietnam’s largest and one of the world’s leading LNG projects, with a total investment of VND 178 trillion (USD 6.7 billion) and a planned capacity of 4,800 MW. The project is expected to be operational by 2030, supplying up to 19.2 billion kWh annually.
Vingroup recently broke ground on the Tan Trao Industrial Park (Phase 1) in Hai Phong, spanning nearly 227 hectares with an investment exceeding VND 4 trillion. The LNG power plant is located within this zone, further integrating the group’s industrial, energy, and logistics ecosystem.
Market capitalization surges past VND 680 trillion
With Vingroup’s share price rally, the group’s market capitalization has surpassed VND 680 trillion (USD 26.6 billion), reclaiming its position as Vietnam’s most valuable listed company, ahead of Vietcombank, BIDV, and VietinBank.
The stock’s strong performance has also lifted Vuong’s wife, Pham Thu Huong, into billionaire status. As of October 4, her holdings in Vingroup are valued at over VND 30.1 trillion (USD 1.14 billion), making her Vietnam’s second female USD billionaire after Nguyen Thi Phuong Thao, chairwoman of Vietjet Air and vice chair of HDBank.
Global ranking
With a fortune of USD 16.8 billion, Pham Nhat Vuong now ranks ahead of Thailand’s richest man Dhanin Chearavanont (CP Group), Samsung chairman Lee Jae-Yong, and former U.S. President Donald Trump, according to Forbes.
Vuong remains Vietnam’s wealthiest individual, spearheading investments that align with the country’s green energy and infrastructure modernization goals, while signaling the increasing global profile of Vietnamese conglomerates.
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Source: Vietnam Insider