The richest billionaire Pham Nhat Vuong has seen his assets decrease slightly amid the quiet stock market. In general, stock liquidity decreased on the days before the Tet holiday.

As of January 22, Vietnam had five dollar billionaires, according to Forbes, with total assets of $12.2 billion. Nguyen Dang Quang is no longer on the list.

Prior to that, by the end of 2024, Vietnam had six billionaires with total assets of $13.4 billion, a slight rise from the $13.2 billion reported earlier that year.

Vingroup (VIC) president and VinFast CEO Pham Nhat Vuong had stock assets worth $4.1 billion by January 22. The figure was the same as reported in late 2024, but his position fell from 833rd to 839th among the world's billionaires.

 By early 2024, Vuong’s assets were $4.6 billion.

Most Vietnamese billionaires saw their stock assets decrease in the last three weeks of the Year of a Dragon. The assets of Vietjet Air (VJC) President Nguyen Thi Phuong Thao, for example, decreased from $2.9 billion to $2.8 billion, while Hoa Phat (HPG) president Tran Dinh Long went from $2.4 billion to $2.3 billion, and Techcombank (TCB) president Ho Hung Anh from $1.8 billion to $1.7 billion.

Meanwhile, Tran Ba Duong from Thaco (automobile manufacturer) and his family members saw their assets increase by $100 million to $1.3 billion.

Masan Group (MSN) president Nguyen Dang Quang's asset value fell to below $1 billion.

Pham Nhat Vuong remains the richest Vietnamese dollar billionaires on Forbes’ list. He has been in the first position since 2010.

The January 22 trading session ended with the VN-Index decreasing further by 3.56 points to 1,242.53 points and liquidity of VND12 trillion on HOSE (HCM City Stock Exchange).

Major stocks have been under selling pressure for many sessions, which is the major reason behind the VN-Index falling to nearly 1,240 points.

The stock market recorded gloomy sentiments before the Tet holiday. Previously, in the Outlook 2025 report, SHS Securities said the Vietnamese stock market may decrease by 15-20 percent before increasing steadily again in the medium and long term. It is expected that in 2025, the VN-Index will increase by 11-12 percent to 1,400-1,420 points.

If so, stock assets owned by Vietnamese billionaires will be rising. SHS has named banking, real estate, industrial real estate, logistics, financial services and telecommunications technology as the business fields with the most potential.

Big bankers, such as Ho Hung Anh, Nguyen Dang Quang, Duong Cong Minh, Do Quang Hien and Do Minh Phu, will get benefits.

Manh Ha