Forbes’ list of dollar billionaires today updates Vietnam with 2 more billionaires: Mr. Nguyen Dang Quang (Chairman of Masan Group) and Mr. Tran Dinh Long (Chairman of Hoa Phat Group) with asset value. $ 1 billion mark.
Therefore, there are 6 billionaires in Vietnam currently, Mr. Pham Nhat Vuong, Chairman of Vingroup (worth US $ 6 billion, ranked 311 richest people in the world), Ms. Nguyen Thi Phuong Thao, CEO of Hang JSC. no Vietjet, HDBank Vice President (net worth 2.3 billion USD), Mr. Tran Ba Duong, Chairman of Truong Hai Group (net worth 1.5 billion USD), Mr. Ho Hung Anh, President Ngan Technological and Commercial Joint Stock Bank (worth 1.2 billion USD).
Vietnam has 6 USD billionaires
Mr. Tran Dinh Long first reached the Forbes billionaire list in March 2018, so it took two years for the steel king to return to the track after the HPG shares of Hoa Phat Group increased by 72, 7% from the bottom (from VND 15,800 / share to VND 27,300 / share today May 22).
HPG stock price at this time is still lower than when Mr. Long first listed on Forbes’ billionaire list
According to CafeF data, Mr. Long currently holds 700 million HPG shares, equivalent to 25.35% of the company, with today’s market value of VND 19,075 billion, Mr. Long’s wife holds more than 202.55. million shares, or nearly 5,520 billion dong, son Tran Vu Minh, holds 40 million shares, worth 1,090 billion dong. In which, Tran Vu Minh bought shares at VND 17-18 thousand / share, after only 2 months, the profit was over VND 400 billion.
HPG’s stock price soared when Dung Quat Complex went into commercial operation of 2 blast furnaces and prepared to launch HRC in September this year. The Group increased its share of construction steel from 25% at the end of 2018 to 31% in Q1 this year. Although Covid-19, many large enterprises lost trillions, Hoa Phat planned revenue of VND 85,000-95,000 billion by 2020, profit from VND 9,000 to VND 10,000 billion depending on the market situation.
Meanwhile, Masan Group’s MSN has increased from VND 50,000 per share to nearly VND 65,000 per share since the beginning of April (up 30%) while Techcombank’s TCB has also increased significantly, helping the price. The value of Nguyen Dang Quang’s assets exceeded US $ 1 billion.
MSN stock price in the last 3 years
Masan JSC, the company chaired by Mr. Quang, currently holds 365 million MSN shares, equivalent to VND 22,643 billion. Mr. Quang’s wife, Nguyen Hoang Yen, holds over 42.4 million MSN shares, equivalent to nearly VND 2,630 billion.
The rising price of pork along with the accumulation of people’s necessities because Covid-19 made the consolidated net revenue of the whole group in the first quarter of 2020 doubled the same period last year, reaching more than VND 17,600 billion. Mainly thanks to Masan Consumer and VinCommerce consolidation. If we compare the equivalent on the assumption of VCM consolidation in Q1 / 2019, Masan’s revenue growth in Q1 this year will be about 22.8%.
However, due to the decline in the mineral segment (MasanResources) due to low prices, plus the expansion of the meat segment of Masan Meatlife and VinCommerce, Masan made an after-tax loss of over VND 216 billion in Q1 / 2020, while the same period last year. Last year nearly 1,000 billion.