- 1. Career
NHAT
VUONG
Pham
Founder and chairman of Vingroup
Organization: Vingroup
Date of Birth: 5 August 1968
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Age: 56 years old
Zodiac sign: Leo
Profession: Founder
Biography
Phạm Nhật Vượng is a Vietnamese property developer and Vietnam's first billionaire. He is the founder and chairman of Vingroup.
Career
In the 1990s, while living in Ukraine, Pham Nhat Vuong started an instant noodle restaurant business using money borrowed from friends and family. Soon he also started producing and selling instant noodles.
In 1993, he founded Technocom, which would become a market leader in dehydrated culinary products in Ukraine. Vượng sold Technocom to Nestlé for $150 million in 2009, before returning to Vietnam.
Vượng'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, Vượng'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, Vượng was listed as the richest person in Vietnam with assets totaling VNĐ 24.3 trillion (approximately US$1.1 billion), which more than quadrupled those of the second richest person, Trần Đình Long of Hanoi Hoa Phat Corporation. His wife, Phạm Thu Hương and sister-in-law Phạm Thúy Hằng ranked third and fifth respectively. As of February 2024, Forbes estimated his net worth to be US$4.5 billion.
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