Two Gen Z figures, Ho Thuy Anh and Ho Anh Minh, the children of Techcombank Chairman Ho Hung Anh, made their debut among the 12 wealthiest individuals on Vietnam’s stock market in 2024.

Born in 2001, Ho Thuy Anh owns nearly 334.7 million Techcombank (TCB) shares, with her total assets valued at approximately VND 8.4 trillion by the end of 2024. In 2023, she invested nearly VND 2.1 trillion to increase her stake from below 3% to nearly 4.9%.

Her older brother, Ho Anh Minh (born in 1995), holds a nearly identical number of shares and ranks 12th on the list, with assets estimated at VND 8.39 trillion.

The combined wealth of these two heirs surpasses that of several seasoned business leaders, including Chairman of Duc Giang Chemicals, Dao Huu Huyen (VND 8.3 trillion), Vicostone Chairman Ho Xuan Nang (VND 8.075 trillion), and other well-known figures such as Nguyen Van Dat, Truong Thi Le Khanh, Bui Thanh Nhon, VPBank Chairman Ngo Chi Dung, and VIB Chairman Dang Khac Vi.

The rise of Pham Nhat Vuong’s sons

In 2024, the two sons of Vingroup Chairman Pham Nhat Vuong made prominent appearances in major corporate events.

His eldest son, Pham Nhat Quan Anh (born in 1993), made his public debut in late 2023 as Vice President of VinFast’s manufacturing division. He played a key role in VinFast’s partnership with Japan’s Marubeni Corporation to develop battery recycling solutions, aligning with Vietnam’s circular economy goals.

Earlier in the year, Quan Anh, alongside his father, welcomed Indonesian President Joko Widodo to the VinFast complex in Hai Phong.

Pham Nhat Quan Anh officially became a Vingroup shareholder at the end of 2023 after acquiring 150,000 VIC shares through the company's employee stock ownership plan (ESOP).

His younger brother, Pham Nhat Minh Hoang (born in 2000), made his first public appearance in November 2024, when he accompanied VinFast executives in welcoming Bulgaria’s President to the VinFast factory in Hai Phong.

Despite their young age, both brothers are actively involved in Vingroup’s key business sectors, particularly in high-tech and industrial ventures - two of the three core pillars of the conglomerate.

The billionaire daughter of Masan’s chairman

Nguyen Yen Linh, daughter of Masan Group Chairman Nguyen Dang Quang, acquired nearly 8.5 million MSN shares between October 29 and November 18, 2024. After the transaction, she held a 0.59% stake in Masan Group.

During her acquisition period, MSN shares fluctuated around VND 75,000 per unit, meaning her total investment exceeded VND 600 billion.

Interestingly, her father, Nguyen Dang Quang, owns only 18 MSN shares, while her mother, Nguyen Hoang Yen, holds nearly 50.9 million shares, equivalent to a 3.36% stake in Masan Group.

Besides Nguyen Yen Linh, the Masan chairman and his wife have two other children, Nguyen Thuy Linh and Nguyen Dang Linh, though their holdings in MSN are minimal.

The discreet daughter of ‘Bau Duc’

Among the relatives of Doan Nguyen Duc (also known as ‘Bau Duc’), his eldest daughter, Doan Hoang Anh, is the key shareholder of Hoang Anh Gia Lai (HAG).

Bau Duc once stated in 2023, "The company name ‘Hoang Anh’ is my daughter’s name - I will never abandon it."

Hoang Anh first became known to investors in August 2021 when she purchased 4 million HAG shares for nearly VND 21 billion. By the following month, she had doubled her stake to 8 million shares.

In 2024, she continued her market activity, selling 2 million shares in February and repurchasing 4 million shares in May and September. Most recently, between December 30, 2024, and January 21, 2025, she acquired another 1 million HAG shares, raising her total holdings to 14 million shares, equivalent to a 1.32% stake in the company.

As of early 2025, her total holdings are valued at over VND 170 billion on the stock market.

Inheritance and succession at DIC Corp

Following the passing of DIC Corp Chairman Nguyen Thien Tuan on August 10, 2024, his son, Nguyen Hung Cuong, was elected as the new Chairman of the Board of Directors on August 19, 2024. He also became the company’s legal representative.

Cuong inherited nearly 20.8 million shares from his late father through a direct transfer, increasing his stake in DIC Corp from 62 million shares to 82.7 million shares, or 13.56% of the company.

Currently, Cuong is the largest shareholder of DIC Corp. His mother, Le Thi Ha Thanh, also inherited more than 20.8 million DIG shares from her late husband last month.

Duy Anh