The 100 richest stock millionaires in 2013

VietNamNet Bridge – Vingroup’s President Pham Nhat Vuong, has for the fourth consecutive year, topped the 2013 list of the 100 richest stock millionaires with the stock assets worth VND19.924 trillion, which makes him 14 percent richer than the last year.

According to VnExpress and its partner - VNDirect Securities Company, Vuong holds 284.6 Vingroup shares (VIC), worth VND19.924 trillion in accordance with the December 31, 2013 closing price.

According to VnExpress and its partner - VNDirect Securities Company, Vuong holds 284.6 Vingroup shares (VIC), worth VND19.924 trillion in accordance with the December 31, 2013 closing price.

The stocks Vuong holds are an important part of his total assets of $1.5 billion, which has helped him become the first Vietnamese dollar billionaire.

The finance report of Vingroup showed the huge profit in the first nine months of 2013, which is four times higher than that of the same period of the last year. The main source of income comes from the sale of real estate products.

The group’s inventories have dropped by 6.3 percent to VND16.660 trillion, of which 98 percent is the real estate under the construction.

The good business performance of the group explains why VIC price has increased by 15 percent over the last year. This has helped Vuong and other family members, including his wife Pham Thu Huong and his wife’s sister Pham Thuy Hang, list themselves among the five richest stock millionaires.

The two businesswomen reportedly have the stock assets of VND3.436 trillion and VND2.294 trillion, respectively.

Though 2013 was a very tough year for Hoang Anh Gia Lai Group, its President Doan Nguyen Duc still can see his stock assets increasing by VND780 billion, which helps him stand firmly on the second position in the list of the top 100 stock millionaires.

Duc’s Hoang Anh Gia Lai share (HAG) value has reportedly reached VND6.39 trillion by December 31.

The businessman on the third position is Tran Dinh Long, President of Hoa Phat Group, who has made a big jump in the ranking. In 2012, Long ranked fifth in the list of top 100 stock millionaires with the stock assets worth VND2.122 trillion, just equal to a half of that he has this year.

The other positions, as predicted, have belonged to other well-known businessmen. The Member of the Board of Directors of Masan Group Nguyen Hoang Yen is on the position No. 6, just above the President of Hoa Sen Group Le Phuoc Vu.

Hoa Phat Group President’s wife Vu Thi Hien has missed the opportunity to add herself into the top 10, as her asset value is still lower than that of Masan’s Vice President Ho Hung Anh.

Meanwhile, the names of Ocean Group’s President–Ha Van Tham and of Phat Dat Real Estate Group President–Nguyen Van Dat, have been put on the 8th and 9th positions in the top 10.

Dang Van Thanh, the founder of Sacombank, and his son Dang Hong Anh have left the top 20 after a series of troubles they met in 2013. Most of their shares have been sold for debt clearing.

Dang Hong Anh, the son, who now holds the post of the President of Sacomreal, a real estate firm, has fallen from the 15th last year to the 53rd position in this year’s list.

The Vietnamese stock market has been recognized as one of the 10 markets with the fastest growth rate. The VN Index has increased by 22 percent, while the HNX Index by 13 percent.

VNE

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