The Wealth-X and UBS reports did not disclose the exact names of billionaires, while the Panama Papers and the Bahamas reports included names in tax paradises.
With over US$1 billion, a new Vietnamese billionaire is revealed Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
13/05/2021 11:14 GMT+7
The assets of the richest people in Vietnam have risen sharply in recent times. Many tycoons have earned huge recently.
In over a month, NVL shares of Novaland Group jumped 70% from VND80,000 to nearly VND136,000 per share. The sharp increase in stocks increased assets attributed to NVL shares of Mr. Bui Thanh Nhon by over VND12 trillion (over $500 million) to VND29.5 trillion (nearly $1.3 billion).
With this strong breakthrough, Novaland Chairman Bui Thanh Nhon is now among the top three richest people on the Vietnamese stock market, just behind billionaire Pham Nhat Vuong, Vingroup chairman and billionaire Tran Dinh Long, chairman of Hoa Phat Group.
VIETNAM BUSINESS NEWS APRIL 16 vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
Spending falls amid COVID-19, but luxury brands continue to open in Vietnam s busy retail market Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
12/12/2020 07:03 GMT+7
While Covid-19 has caused financial hardship for many, it has not hurt the wealthy, who are still buying luxury items but not at the same level as they did before the pandemic.
A luxury shop located at a 5-star hotel in the central area of Hanoi displays handbags priced at thousands of dollars, which are out of reach for most consumers except for the wealthy.
Compared to other regional countries, however, consumer demand has been relatively stable in Vietnam, though the number of foreign travelers has dropped sharply. That is why luxury brands are still flocking to Vietnam despite Covid-19.