Phạm Nhật Vượng (born 1968 in Hanoi) is a Vietnamese property developer and Vietnam’s first billionaire.
Background
Vuong was born in 1968 in Hanoi while his paternal family has origin in Ha Tinh province in central Vietnam. He grew up in Hanoi and graduated from Kim Lien High School in 1985. In 1987, he entered Hanoi University of Mining and Geology, and had been sent to Russia to study in the Moscow Geological Prospecting Institute. He graduated from this university in 1992. After graduating, he got married to Phạm Thu Hương then moved to Kharkiv, Ukraine. In 1993, he developed Technocom, a market leader in dehydrated culinary products in Ukraine, which he sold to Nestle for $150 million in 2009, before returning to Vietnam. Vuong’s first projects in Vietnam were Vinpearl Resort Nha Trang, opened in 2003 and Vincom City Towers (later renamed Vincom Ba Trieu) in central Hanoi, opened in 2004. Vincom went public in 2007. It merged with Vinpearl, Vuong’s luxury resort business, to form VinGroup in 2007. VinGroup is headquartered in its Riverside township in Long Biên District in Eastern Hanoi.
In 2015, Vuong was the richest person in the Vietnam with assets totaling 24.3 trillion Vietnam dong (approximately 1.1 billion USD), which more than quadrupled those of the second richest person, Tran Dinh Long of Hanoi Hoa Phat Corporation. His wife, Pham Thu Huong and sister-in-law Pham Thuy Hang ranked third and fifth respectively. As of June 8, 2016, Forbes estimated his net worth to be 2.1 billion US dollars.
| Phạm Nhật Vượng | |
|---|---|
| Born | August 5, 1968 Hanoi, Vietnam |
| Residence | Hai Ba Trung, Hanoi |
| Nationality | Vietnam |
| Citizenship | Vietnam |
| Alma mater | Hanoi University of Mining and Geology Moscow Geological Prospecting Institute |
| Occupation | property developer |
| Organization | VinGroup |
| Home town | Hanoi, Ha Tinh |
| Net worth | USD 2.1 billion |
| Spouse(s) | Pham Thu Huong |
| Children | 3 |
The first Vietnamese billionaire, Pham Nhat Vuong is a property developer with an estimated net worth of $6.8 billion. He debuted on the Forbes List as the 974th richest person in the World Billionaires’ list. He is also considered as one of the most influential people in Vietnam. Mr. Vuong has earned his estimated net worth as the founder and chairman of the board of directors of Vingroup, a conglomerate with interests in real estate, hotels, and healthcare. A graduate of the University of Moscow in Russia, he moved to the Ukraine where he started Technocom, a maker of instant noodles. He moved back to Vietnam in 2001 to focus on real estate and eventually sold his foods company to Nestle in 2009. Among his projects included the upscale Vincom Center in Saigon, the Vinpearl hotel, Vincom Village, and the Vincom Center Ba Trieu in Hanoi.
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