Ho Xuan Nang, the man behind Vicostone and Phenikaa, remains one of the stock market’s hidden billionaires. His foray into autonomous tech may change that.

As many large corporations in real estate, finance, and retail face challenges, FPT Group, led by Truong Gia Binh, is experiencing a surge in stock value, positioning the Da Nang-born businessman closer to becoming Vietnam’s next USD billionaire.

The Ho Chi Minh City Stock Exchange has announced the mandatory delisting of HNG shares after the company reported losses for three consecutive years under the leadership of billionaire Tran Ba Duong.

The stock assets held by billionaire Pham Nhat Vuong have unexpectedly soared. Other businesspeople have also seen their asset value climb despite the stock market gloom and foreigners’ net sales.

As of the end of 2023, Vietnam boasts 19,400 USD millionaires, marking the fastest growth rate globally for the period from 2013 to 2023. It is projected that the number of millionaires in Vietnam will double in the next decade.

The shares of billionaire Tran Dinh Long's company have risen sharply, increasing the assets of the steel tycoon to US$2.7 billion and ranking him 3rd among the richest individuals in Vietnam.

Billionaire Pham Nhat Vuong has pledged to support VinFast "until the money runs out" while maintaining a stress-free lifestyle, sleeping eight hours a day.

A decade ago, Dao Hong Tuyen, president of Tuan Chau Group, was believed to have more than $1 billion, but he denied it. His name, however, has been mentioned once again as a candidate for the next Vietnamese dollar billionaire.

Under a new government resolution, Vietnam strives to have at least 10 dollar billionaires by 2030 and four of the most powerful businesspeople in Asia. Vietnam now has six billionaires.

Vietnam aims to have at least 10 businesspeople listed among the world’s dollar billionaires by 2030, and at least five among the most powerful in Asia to be recognized by international prestigious institutions.

Vietnam has set ambitious targets to have at least 10 billionaires and five of Asia’s most influential entrepreneurs by 2030.

The strong rise of the aviation and tourism sectors has helped Vietjet Air recover rapidly. Along with the good business performance of HDBank and Sovico, the airlines' president Nguyen Thi Phuong Thao has seen her wealth increase.

The prosperity of the steel manufacturing sector, plus increased demand for Hoa Phat Group shares (HPG), are behind the rapid increase in Tran Dinh Long’s assets.

Forbes has updated its list of the world's billionaires for this year, with six billionaires from Vietnam making the latest rankings.

Chairman of Vietnamese private conglomerate Vingroup Pham Nhat Vuong, at 4.8 billion USD, moved 252 places to rank 678th in the Hurun Global Rich List 2024.

Hoa Phat’s revenue and market share have increased, which has helped it cement its No 1 position in the market, while steel shares have become hot again, prompting investors to sell shares to make big profits.

International institutions have predicted that Vietnam will see the sharpest increase in the number of wealthy people in the world in the next decade. The high expectations are based on FDI capital flow and the strong rise of well-known businesses.

Vietnam is forecast to see a 125% increase in wealth over the next 10 years, which will be the largest expansion in wealth of any country in terms of GDP per capita and number of millionaires.

Vingroup President Pham Nhat Vuong tops the list of billionaires in February. Hoa Phat President Tran Dinh Long made a breakthrough, while FPT President Truong Gia Binh is once again in the top 10.