Phạm Thu Hương, wife of billionaire Phạm Nhật Vượng, saw her fortune rise nearly USD 160 million (about VND 4,150 billion), or 4.05%, on October 22, reaching about USD 4.1 billion according to Forbes. She ranks 1,035th among the world’s billionaires and is Vietnam’s third-richest person. The gain followed a strong session for Vingroup’s VIC shares, which rose more than 4% to VND 232,900 per share, their second straight gain after hitting the ceiling price on October 21. VIC is up nearly 40% since the start of 2026, with a market capitalization of VND 1.8 million billion. Phạm Nhật Vượng’s fortune is about USD 36.2 billion, up about 3.53%. Known for her low profile, Hương has been Vice Chairwoman of Vingroup’s Board since 2011 and co-founded the VinFuture Foundation with Vượng in 2020.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Một người phụ nữ Việt vừa có thêm hơn 4.000 tỷ đồng
Keywords
Pham Thu HuongVICbillionairesVietnam
Open a keyword to see other news on the same topic.
Related news
- A Vietnamese family with two sisters who are both USD billionaires
According to Forbes data updated on 13/10/2026, Vietnam has 8 billionaires in USD, including sisters Phạm Thu Hương and Phạm Thúy Hằng, both Vice Chairwomen of Vingroup who have been with the group since its early days. Hương's wealth is about US$3.9 billion (ranked 1,086th globally), and she is the wife of Phạm Nhật Vượng, Vietnam's richest person with nearly US$35 billion; Hằng's is about US$2.8 billion (ranked 1,513th). Most of their listed holdings are Vingroup shares (VIC), with Hương directly holding over 341 million shares (4.4%) and Hằng over 228 million shares (2.94%). The article also notes Hương chaired Green SM for about half a year, and that the company has confirmed plans for a Hong Kong IPO without specifying timing or size, while Hằng is a founding shareholder of VinSpeed. VIC's strong rally since early 2025 put both women on Forbes' USD billionaire list from February 2026.
- Session of Oct 22: Foreign investors keep buying, pour over 700 billion VND into 4 blue-chip stocks
The VN-Index rose 22 points to 1,760, with HoSE trading value topping 15,000 billion VND, while foreign investors net bought about 347 billion VND across the market. On HoSE, VIC drew the largest net buying at over 239 billion VND, followed by TCB and VHM at 178 and 160 billion VND. On the sell side, FPT led net selling at 264 billion VND. On HNX, foreign investors were net sellers of 9 billion VND, while UPCOM saw 3 billion VND of net buying.
- Market Pulse 22/10: Red spreads wider, Vingroup group keeps propping up the market
- Market Pulse 22/10: Vingroup Group Helps Market Extend Gains
- Billionaire Pham Nhat Vuong “drives” Vietnam’s stock market among Asia’s top gainers
The VN-Index gained 46.7 points (+2.76%) to 1,738.67 points, its strongest rise in over half a year, with the Vingroup group contributing nearly 34 points; VIC, VHM and VRE hit the daily limit-up. HoSE liquidity improved markedly, with trading volume above 800 million units and matched value of VND 16,600 billion. Foreign investors net bought VND 193 billion on October 21, ending a streak of 20 consecutive sessions of net selling on HoSE. According to BSC, the 2026 profit growth forecast for the surveyed listed companies was raised to 26%, and 2027 is expected at 12%; BSC sees this as an appropriate time to allocate to stocks for medium- and long-term goals.
- VinFast Brings in Over USD 2 Billion in First Half of Year
VinFast posted revenue of nearly 53,200 billion VND (about USD 2.1 billion) in the first six months, up 61% year on year, according to its Q2 financial report released on October 19. Around 95% of revenue came from vehicle sales, and the company delivered about 128,685 electric cars globally, up 77%, along with nearly 430,000 motorbikes and e-bicycles. Even so, VinFast still posted a post-tax loss of nearly 28,400 billion VND, narrower than the loss of over 38,300 billion VND a year earlier, and accumulated losses fell from nearly 174,000 billion VND to 116,807 billion VND. The company divested from VFTP, which holds its manufacturing arm, including two plants in Vietnam, and bears about 182,000 billion VND in financial debt; VFTP will keep producing vehicles on VinFast's orders. Experts say separating manufacturing could help VinFast turn a profit sooner, as lower production costs and improved cash flow are expected.
Related markets
Latest news
- Investors are punishing Big Tech's biggest spenders. Meta is the latest casualty.
Meta shares fell more than 7% on Thursday, wiping out about $125 billion in market value and erasing the stock's gain for the year. It was on track for its third straight drop of 5% or more the day after earnings, a first since its 2012 IPO. Revenue rose 26% to $64.6 billion, but Meta raised its full-year expense outlook, narrowed capital spending to $135–145 billion, and unveiled nonvoting shares it can sell to raise money. Analyst Gil Luria of D.A. Davidson said Zuckerberg will need to raise both debt and equity, while the cost of insuring Meta's debt climbed to its highest in months. Luria also said Meta is gaining share from Google and its ad sales are growing strongly; the stock has traded roughly between $500 and $800 since mid-2024, and a weekly close above $800 would signal a breakout while a close below $500 would open the door to a deeper slide.
- Oil Climbs Above $111 as AI Stocks Slide, Dragging the S&P 500 and Global Markets With Them
Brent crude rose 2.6% to $111.66 a barrel, its highest in five months, as AI-linked stocks slid and pulled the Nasdaq down 1.5% and the S&P 500 down 0.8% by mid-morning in New York. Asian markets also fell sharply, with South Korea's Kospi down 3.52%, Japan's Nikkei 225 down 2.65% and Hong Kong's Hang Seng down 3.03%, while China's CSI 300 entered a bear market. Nvidia fell 2.3% and Meta dropped 5.8% after its profit missed forecasts. The 10-year Treasury yield rose to 5.03% from 3.97% before the Iran war, ahead of the Fed's Oct. 28 decision. Citadel founder Ken Griffin said investors are 'almost certainly' in an AI bubble, though he did not tell them to sell.
- Oil Climbs Above $111 as AI Stocks Slide, Dragging the S&P 500 and Global Markets With Them
Brent crude rose 2.6% to $111.66 a barrel, its highest in five months, as AI-linked stocks slid and pulled the Nasdaq down 1.5% and the S&P 500 down 0.8% by mid-morning in New York. Asian markets also fell sharply, with South Korea's Kospi down 3.52%, Japan's Nikkei 225 down 2.65% and Hong Kong's Hang Seng down 3.03%, while China's CSI 300 entered a bear market. Nvidia fell 2.3% and Meta dropped 5.8% after its profit missed forecasts. The 10-year Treasury yield rose to 5.03% from 3.97% before the Iran war, ahead of the Fed's Oct. 28 decision. Citadel founder Ken Griffin said investors are 'almost certainly' in an AI bubble, though he did not tell them to sell.
- We're dipping back into the AI trade with our first data center buy in weeks
Jim Cramer's Charitable Trust is buying 10 shares of GE Vernova (GEV) at about 818 USD, lifting its weighting to about 2.15% from 1.9%, its first data center-related purchase since a Micron buy five weeks ago. The trust is buying into a Thursday sell-off driven by investor concern over how to fund the data center buildout, as cash flows are used up and debt financing grows less attractive, rather than weaker AI demand. GE Vernova was the third-worst S&P 500 performer that day and trades about 12% below its Aug. 24 level, when the trust downgraded it to a 2 amid caution on AI stocks; it has now been upgraded to a 1 to play for a bounce.
- Could Intel be the next trillion-dollar company?
Maverick Capital reportedly expects Intel to become a trillion-dollar company again, citing growing demand for CPUs used in AI inference. One speaker argues the story is compelling, pointing to huge chip demand, Intel's domestic chip production and strong government support, and notes the stock, though pulled back, sits right on its 200-day trend line. The others say they sold Intel long ago or never owned it, preferring holdings such as Nvidia, Broadcom and AMD. They describe a five- to seven-year wait that carried a large opportunity cost.
- Underdog taps zerohash to bring crypto deposits to prediction markets
Prediction market operator Underdog has partnered with zerohash to add cryptocurrency and stablecoin deposits, expected to launch later this year. Eligible users will be able to fund accounts through the app with near-instant transfers around the clock, without managing wallet addresses or choosing blockchain networks. Underdog has not yet said which cryptocurrencies or stablecoins will be supported. The company, founded in 2020, has more than 11 million registered accounts and is being acquired by IG Group for up to $1.3 billion, with closing expected in late 2026 or early 2027. Over the 30 days ending Oct. 21, its trading volume reached $1.4 billion, up 133%, still far behind Kalshi's $81.5 billion and Polymarket's combined $17.2 billion.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.