Pham Nhat Vuong is the richest person in Vietnam as of November 2026, with a net worth we estimate at about $34 billion, almost all of it in Vingroup. This list ranks living Vietnamese citizens who live and do business in Vietnam, by their estimated personal fortunes. It covers founders, chairs and major shareholders of the country’s biggest companies, and it uses share prices from early November 2026.
Vietnam’s rich list is lopsided in a way few countries can match. The man at the top is worth more than the other nine put together, roughly twice over, and two of those nine are members of his own family.
| Rank | Name | Net worth (USD) | Main source of wealth |
|---|---|---|---|
| 10 | Nguyen Van Tuan | $280 million | Gelex Group (industry, infrastructure) |
| 9 | Truong Gia Binh | $280 million | FPT Corporation (technology) |
| 8 | Nguyen Dang Quang | $880 million | Masan Group (consumer goods, retail) |
| 7 | Ngo Chi Dung | $1.2 billion | VPBank (banking) |
| 6 | Ho Hung Anh | $1.6 billion | Techcombank (banking) |
| 5 | Nguyen Thi Phuong Thao | $1.9 billion | Vietjet Air, Sovico, HDBank |
| 4 | Pham Thuy Hang | $2.2 billion | Vingroup shares |
| 3 | Tran Dinh Long | $2.3 billion | Hoa Phat Group (steel) |
| 2 | Pham Thu Huong | $3.8 billion | Vingroup |
| 1 | Pham Nhat Vuong | $34 billion | Vingroup |
Ranked from 10 to 1
10. Nguyen Van Tuan: $280 million
Gelex started life as a state-owned maker of electrical equipment. After it was privatized, Nguyen Van Tuan turned it into a holding company that owns cable and transformer makers, water companies, industrial parks and a controlling stake in Viglacera, a large producer of glass, tiles and building materials.
The bet has been that a fast-industrializing country needs power, water and factories, and Gelex wants to supply all three. Its shares rose strongly through 2025, which pushed Tuan into the top tier of Vietnam’s stock market rich.
His Gelex shares were worth far more at the October 2025 peak. At early November 2026 prices his stake of about 24%, plus cash dividends, comes to about $280 million, a figure resting on one snapshot of his holdings.
9. Truong Gia Binh: $280 million
In 1988, with Vietnam barely open to private business, a group of young scientists led by Truong Gia Binh founded a small company to process food technology. They had almost no money and spent their first years trading computers. That company became FPT, now Vietnam’s largest technology group, with tens of thousands of engineers writing software for clients in Japan, the US and Europe.
Binh, a mathematician who studied in Moscow, still chairs FPT. In 2024 the company announced an AI factory built on Nvidia hardware, and its outsourcing arm has made it one of the few Vietnamese firms with a global customer list. FPT also runs schools and a university.
His figure comes from his FPT shareholding at early November 2026 prices, plus dividends he has kept, which comes to roughly $280 million. Shares held by other family members are not counted.
8. Nguyen Dang Quang: $880 million
Like several men on this list, Nguyen Dang Quang made his first money in the former Soviet Union, trading goods in Russia and Ukraine in the 1990s. Back home he built Masan Group, whose Chin-su fish sauce and chili sauce sit in kitchens across the country.
Masan has since grown far beyond sauces. It owns WinCommerce, which runs thousands of WinMart and WinMart+ stores, the Masan MEATLife meat business, and stakes in Techcombank. Quang has spent recent years trying to turn all of it into one consumer ecosystem where shoppers buy Masan products in Masan stores with loyalty points.
He has appeared on the annual global billionaire count for six years running, most recently at about $1.2 billion in March 2026. We count only his share of the two family holding companies that own Masan stock, which at current prices puts him at about $880 million.
7. Ngo Chi Dung: $1.2 billion
Ngo Chi Dung is chairman of VPBank, one of Vietnam’s largest private lenders and a pioneer of consumer finance through its FE Credit arm. Under his leadership the bank grew from a small regional player into a giant by assets.
The deal that put a price on his stake came in 2023, when Japan’s Sumitomo Mitsui Banking Corporation paid about $1.5 billion for 15% of VPBank, the biggest foreign investment in a Vietnamese bank. Dung joined the billionaire ranks for the first time in March 2026.
Our estimate is his VPBank holding at early 2026 share prices, about $1.2 billion.
6. Ho Hung Anh: $1.6 billion
Ho Hung Anh is another graduate of the Ukraine generation. In the 1990s he was a business partner of Nguyen Dang Quang there, and the two later co-founded Masan together. His main fortune now sits in Techcombank, which he has chaired since 2008.
Techcombank turned itself into Vietnam’s most digital large bank, with an app that millions of customers use daily, and it has been one of the most profitable lenders in the country. His family’s stake in the bank makes him one of the richest bankers in Vietnam.
The number counts the Techcombank shares held by him, his wife and his children at early November 2026 prices, about $1.6 billion. His older stake in Masan’s holding company could add more, but we could not confirm it, so it is left out.
5. Nguyen Thi Phuong Thao: $1.9 billion
Nguyen Thi Phuong Thao was trading fax machines and office equipment while studying in Moscow in the late 1980s, and made her first million before she was 21. Back in Vietnam she built up HDBank and other businesses under her Sovico Group, then launched Vietjet Air, whose first flight took off in 2011.
Vietjet grew into Vietnam’s largest private airline and one of Asia’s busiest low-cost carriers, flying to dozens of destinations. Her holdings also include resorts and energy. For years she was the richest woman in Vietnam, until a rival from Vingroup passed her in late August 2026.
She was credited with about $4.2 billion in March 2026, a figure that counted all of her Sovico group. We count only the Vietjet and HDBank shares documented as hers, directly or through her holding companies, which at early November 2026 prices come to about $1.9 billion.
4. Pham Thuy Hang: $2.2 billion
Pham Thuy Hang is the younger sister of Pham Thu Huong, Vingroup’s vice chair. She has worked within the Vingroup system for years and holds a sizable block of the group’s shares.
She first appeared on the global billionaire list in March 2026 with about $2.1 billion. Vingroup’s share price has climbed strongly since then, and her stake has risen with it, which is why she now sits above the Vietjet founder and the chairman of Techcombank.
Our model values the Vingroup shares documented in her name at November prices, which gives roughly $2.2 billion.
3. Tran Dinh Long: $2.3 billion
Tran Dinh Long started Hoa Phat in 1992 trading construction equipment, then moved into furniture and finally steel. Today Hoa Phat is the biggest steelmaker in Southeast Asia by capacity, and Long is often called Vietnam’s steel king.
His biggest bet is the Dung Quat 2 steel complex in Quang Ngai, a project worth billions of dollars that roughly doubles Hoa Phat’s capacity. Steel prices are cyclical, and his fortune has risen and fallen with them, but he has been on the billionaire list for most of the past decade.
We start from his Hoa Phat stake at today’s market price and add his wife’s shares and recent dividends, which lands near $2.3 billion, below his March 2026 tally of $2.9 billion.
2. Pham Thu Huong: $3.8 billion
Pham Thu Huong is Pham Nhat Vuong’s wife and has been at his side since the early days of the business. As vice chair of Vingroup she has been closely involved with its hospital chain Vinmec and its Vinschool education network, two of the group’s most visible public projects.
She owns a stake in Vingroup in her own name. As the shares soared, she joined the billionaire list for the first time in March 2026, then overtook the Vietjet founder in late August to become Vietnam’s richest woman, a title she now holds by a wide margin. By September she had entered the top 1,000 richest people in the world.
Her Vingroup holding was worth about $4.5 billion at September prices. Vingroup has slipped from its peak since, and at early November 2026 prices her shares come to about $3.2 billion. Adding her stake in a new family holding company at its registered capital gives about $3.8 billion.
1. Pham Nhat Vuong: $34 billion
Pham Nhat Vuong went to Moscow to study geological engineering and stayed in the former Soviet Union to start a business. In Kharkiv, Ukraine, in the early 1990s, he set up a company making Mivina instant noodles, which became one of the best-known food brands in Ukraine. He sold it to Nestlé in 2010 and brought the money home.
Vingroup now touches almost every part of Vietnamese life: Vinhomes apartments, Vincom malls, Vinpearl resorts, Vinmec hospitals, Vinschool classrooms and VinFast cars. VinFast listed on Nasdaq in 2023 and briefly became one of the world’s most valuable carmakers on paper. The rest of the group did even better in the past year: Vingroup shares more than doubled, lifting Vuong into contention for the title of richest person in Southeast Asia.
Our model values his direct and indirect Vingroup holdings at early November prices, with Vingroup worth about 1,815 trillion dong (roughly $71 billion), plus his VinFast shares and less commitments he has made to the group. That gives about $34 billion, below September readings near $38 billion because the stock sits below its peak.
Special mentions
- Tran Ba Duong: The founder of carmaker and agricultural group Thaco was once a billionaire and is still among the country’s richest, but Thaco is private and we found no firm 2026 figure.
- Bui Thanh Nhon: Founder of property developer Novaland, he was a billionaire before Vietnam’s 2022 property slump cut the value of his shares.
What the richest people in Vietnam have in common
A surprising number of them learned business in the Soviet Union. Vuong, Quang, Ho Hung Anh, Thao and Binh all studied or traded in Russia or Ukraine in the 1980s and 1990s, and several made their first fortunes there before Vietnam’s private economy was big enough to make anyone rich.
The second pattern is the conglomerate. Almost no one here is a one-product founder. Vingroup sells houses, cars and hospital care; Sovico runs an airline and a bank; Masan sells fish sauce and runs supermarkets. In a country growing fast, owning a little of everything has been the surest way to catch the growth. Banks feature heavily too: four of the ten hold big stakes in lenders.
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Who is the richest person in Vietnam?
Pham Nhat Vuong, the founder and chairman of Vingroup, with an estimated net worth of about $34 billion in November 2026.
Who is the richest woman in Vietnam?
Pham Thu Huong, vice chair of Vingroup and wife of Pham Nhat Vuong, at about $3.8 billion. She overtook Vietjet founder Nguyen Thi Phuong Thao in late August 2026 and is now well ahead of her.
How many billionaires does Vietnam have?
Eight Vietnamese were counted as billionaires in March 2026, the highest number the country has ever had.
How much does the number 10 on the list have?
Nguyen Van Tuan, chairman of industrial group Gelex, is number 10 with an estimated $280 million, level with FPT founder Truong Gia Binh at number 9.
How did Pham Nhat Vuong make his money?
He started with an instant noodle business in Ukraine, sold it to Nestlé in 2010, and built Vingroup into Vietnam’s largest private conglomerate, spanning property, retail, hospitals and VinFast cars.
Is Pham Nhat Vuong the richest person in Southeast Asia?
He is at or near the top. Vingroup’s surge in 2026 lifted him into contention for the region’s top spot on real-time rankings, but the lead can change with share prices.
How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Keep reading
- Places where it’s easiest to get rich
- Self-made billionaires who were once poor
- The most common ways to become a self-made billionaire
Last updated: November 2026.
