In difficult times, Vietnamese billionaires still earn billions of dollars Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
07/03/2021 15:00 GMT+7
Last year was a stormy one for Vietnam’s businesses, but billionaires still were able to pocket billions of dollars.
Billionaire Nguyen Dang Quang
Just in the last several months of 2020, MSN shares of Nguyen Dang Quang’s Masan Group saw prices increase by twofold, hitting VND95,000 per share in mid-November. The prices continued increasing in early 2021, reaching VND100,000 per share in late January.
The price increase helped Quang have hundreds of millions of dollars worth of stock assets, while Masan’s shareholders also got $2 billion.
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VN-Index swings back into the green
By Hung Le December 18, 2020 | 05:01 pm GMT+7
Stock prices are displayed on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
The VN-Index surged 1.49 percent to 1,067.46 points Friday, offsetting all losses of the previous losing session.
The index had plunged 1.43 percent the previous day, with short-term profit taking pressure from investors pushing total trading volume to VND14.53 trillion ($629.53 million), this year’s peak, not including sessions with major M&A put-through transactions.
Securities firm BVSC had forecasted that the market would see a major movement this session, which is when investment funds restructuring the composition of their Exchange Traded Funds (ETF) at the end of the quarter.