Vietnamese USD Billionaires Buy Aircraft, Take Over American Companies

Nguyen Nhat Vuong, the first USD billionaire of Vietnam.

Vietnamese businesspeople are getting rich quickly and have jumped into higher positions on the lists of the wealthiest people in the world.

Bloomberg has confirmed that Nguyen Dang Quang, chair of Masan Group, is the latest Vietnamese dollar billionaire. The increase in MSN’s share price helped Quang’s stock assets double to $1.2 billion.

Other billionaires are Pham Nhat Vuong, chair of Vingroup, and Nguyen Thi Phuong Thao, CEO of Vietjet. 

Just within one month, Vuong’s stock assets, as calculated by Forbes, increased by $1.3 billion to $5.5 billion, ranking him 366th in the world.

Vuong’s stock assets are twice as much as the assets of US President Donald Trump, a real estate tycoon, with total assets of $3 billion, ranked 770th in the world.

With such huge assets, Vuong’s position on the list of the world’s billionaire is above many famous billionaires, including Vichai Srivaddhanaprabha, the owner of Leicester City Club,  Lewis, the owners of Tottenham Club, Richard Branson, a famous businessman, and Travis Kalanick, the founder of Uber.

Vuong’s assets have far exceeded Hoang Kieu, a Vietnam-born billionaire living in the US, who has $2.8 billion. Vuong ousted Kieu to become the richest Vietnamese in the world.

Pham Nhat Vuong has kicked off an automobile manufacturing project Vinfast, rekindling the Vietnamese long-cherished dream of a local car industry.

Meanwhile, Nguyen Thi Phuong Thao, the owner of Vietjet, according to Forbes, has assets valued at $3.3 billion, ranking 728th in the world.

Thao is the first female Vietnamese billionaire, the second Vietnamese billionaire listed among the world’s top 1,000 billionaires, and the only female billionaire in South East Asia.

Thao is the only Vietnamese woman on the list of the 100 most powerful women in the world. Hilary Clinton is also one of the women.

Trinh Van Quyet, chair of FLC, and Tran Dinh Long, chair of Hoa Phat Group, have stock assets worth billions of dollars and are considered the third and fourth billionaires in the Vietnamese stock market.

Projects developed by Vingroup, Muong Thanh and SunGroup have a large capital scale of hundreds of millions or billions of dollars.

Becoming richer, Vietnamese billionaires are nurturing bigger dreams. Vuong of Vingroup has announced a plan to build a Vietnamese automobile brand after experts declared the failure of the auto industry’s development strategy. 

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