Vietnam’s USD billionaire Pham Nhat Vuong, the boss of Vingroup, retains the top spot, while tycoon Doan Nguyen Duc of Hoang Anh Gia Lai Group slipped to the third position. The rankings this year saw some changes.
Vietnam’s stock market in 2016/2017 witnessed several waves of ups and downs as oil prices plummeted, China devalued the yuan in August and foreign investors withdrew capital from emerging markets after the Fed raised interest rates for the US dollar for the first time in 10 years.
10. Nguyen Duy Hung
Mr. Nguyen Duy Hung is currently Chairman and CEO of the Saigon Securities Incorporation (SSI); Chairman of PAN JSC Group (PAN); Chairman of SSI Fund Management Ltd. (SSIAM); and Chairman of NDH Vietnam Company Limited.
He personally owns only 1.78 million shares of SSI, but his company NDH Vietnam Co. Ltd., holds 48.1 million shares of SSI worth VND1,084 billion. His 11 million shares of PAN are worth VND336 billion and his 1.74 million shares of ELC are worth VND45 billion.
Hung’s total assets by December 22 was VND1,505 billion.