In the trading session on August 26, the VN-Index suddenly reversed and increased by nearly 54 points, to 1,667.96 points. The main driving force came from Vingroup's stocks when VHM increased the ceiling, VIC increased by 3.5% and VRE increased by 4.33%, only VPL decreased slightly by 0.74%.
With a market price of VND135,500/share, Vingroup Corporation's capitalization skyrocketed to VND525,550 billion, the highest among private enterprises on the stock exchange. The value of VIC shares that Vingroup Chairman Pham Nhat Vuong directly holds is estimated at nearly VND61,000 billion - a new record in the Vietnamese stock market.
Thanks to VIC's increase, Mr. Pham Nhat Vuong's net assets according to Forbes reached 13.6 billion USD - the first time exceeding this threshold and increasing by nearly 1 billion USD in just one day. He is currently at the top of the list of Vietnamese billionaires, with assets nearly 4 times as large as Ms. Nguyen Thi Phuong Thao - President of Vietjet Air (3.7 billion USD).
The next positions include Mr. Tran Dinh Long - Chairman of Hoa Phat ($2.7 billion), Mr. Ho Hung Anh - Chairman of Techcombank ($2.6 billion) and Mr. Nguyen Dang Quang - Chairman of Masan ($1.2 billion).
The consecutive increase has put Mr. Pham Nhat Vuong from 205th to 197th richest person on the planet in just 1 day, according to Forbes' rankings.
