According to Forbes data as of October 19, Vietnamese billionaire Pham Nhat Vuong lost about $1.3 billion in just hours but remains Vietnam's richest person with $32.5 billion, ranking 68th globally. The main driver was a drop of more than 3.7% in Vingroup (VIC) shares to 207,000 dong, their lowest in nearly two months and about 19% below their September 4 peak. His wealth is mainly tied to Vingroup, VinFast (VFS) and LPBank (LPB) shares: he directly holds 703.8 million VIC shares (9.04%), and his investment firm VIG owns 32.5% of Vingroup and 32.9% of VinFast. Vingroup's market capitalization of 1.6 quadrillion dong keeps it the most valuable company on Vietnam's stock market, and TIME ranked it 340th in its World's Best Companies 2026 list, up nearly 500 places from 2025 and the only Vietnamese company on the list.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Kỹ sư giàu nhất Việt Nam vừa mất hơn 1 tỷ USD trong vài giờ
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