As of January 30, Pham Nhat Vuong, chairman of Vietnam’s largest private conglomerate, Vingroup, had a net worth of $6.3 billion, down $500 million from the beginning of 2021, according to Forbes magazine.

(From L), Front row: Vietjet CEO Nguyen Thi Phuong Thao, Vingroup chairman Pham Nhat Vuong, Techcombank chairman Ho Hung Anh; Second row: Thaco Group chairman Tran Ba Duong, Hoa Phat Group chairman Tran Dinh Long; Back: Masan Group chairman Nguyen Dang Quang.

Vingroup’s VIC shares had surged to over VND111,000 ($4.78) in mid-January before dropping to VND99,400 on January 29.

The net worth of Tran Dinh Long, chairman of steelmaker Hoa Phat Group, fell by $100 million in January to $1.9 billion. He is 1,583rd in Forbes’s global list of billionaires. In 2020, his net worth rose by more than $1 billion after his company’s stock gained 75 percent to rise to VND41,450.

Ho Hung Anh, chairman of the private lender with the highest profits, Techcombank, has a net worth of $1.4 billion after it reduced by $400 million in January. He is 1,951st in the list.

As of January 29, Techcombank’s share was trading at VND32,000.

The shares of conglomerate Masan Group lost 5 percent in January and fell to VND85,000, representing a $400 million decline in the net worth of its chairman Nguyen Dang Quang to $1.1 billion.

Masan is a major producer of fish sauce and packaged foods.

Tran Ba Duong, chairman of automaker Thaco Group, continued to be worth $1.5 billion.

The only one whose net worth increased is Nguyen Thi Phuong Thao, CEO of budget airline Vietjet and the richest woman in Vietnam. It increased by $100 million to $2.6 billion, placing her 1,168 in the Forbes list.

The VN-Index tumbled 2 percent to 1,035.51 points on Monday, down to its lowest level since December 10 last year.

Ha Long Bay-Cat Ba Archipelago to seek world heritage recognition

Deputy Prime Minister Vu Duc Dam has assigned the Vietnam National Commission for UNESCO to work with the Ministry of Culture, Sports and Tourism to take necessary steps in submitting dossiers seeking UNESCO’s recognition of “Ha Long Bay-Cat Ba Archipelago” as a World Heritage site.

Press release on closing session of 13th National Party Congress

The closing session of the 13th National Congress of the Communist Party of Vietnam (CPV) took place on February 1 under the chair of National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan.

Vietnam’s retail sales, service revenue grows 6.4% in first month of 2021

 Vietnam’s total retail sales and consumer service revenue in the first month of 2021 were estimated to have reached VND479.9 trillion (US$20.8 billion), up 3.7% over the previous month and representing a 6.4% increase compared to the same period last year.

Source: VnExpress