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Pham Nhat Vuong

Pham Nhat Vuong

P. Vuong
-0.04% | - $-10.64M
$26.09 B ₹ 2.37 Lk Cr
Real Time Net Worth #88 Ranking as of 21 Feb 2026 By Forbes

More on Pham Nhat Vuong

Gender

Male

Age

57Y

Country

Vietnam

Born On

August, 1968

Deceased

No

Relationship Status

Married

Children

3

Education

Moscow Geological Prospecting Institute

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Diversified)

Primary Organization

Vingroup

Titles

Chairman

Sources of Wealth

Vingroup

Industry

Diversified, Real Estate, Automotive

About Pham Nhat Vuong


P ham Nhat Vuong is Vietnam's first billionaire and one of its most influential business leaders. He is the founder and chairman of Vingroup, the country's largest conglomerate. Born in Hanoi, Vuong studied in Moscow at the Geological Prospecting Institute. After the collapse of the Soviet Union, he moved to Ukraine and started a successful instant noodle business, Mivina, which he built into a household name. In 2009, he sold the company to Nestlé for a reported $150 million and returned to Vietnam to invest in his home country.

Upon his return, he founded Vingroup, initially focusing on real estate development with luxury brands like Vincom (shopping malls) and Vinhomes (residential properties). Under his leadership, Vingroup has diversified at a breathtaking pace, venturing into hospitality (Vinpearl), healthcare (Vinmec), education (Vinschool), and technology. His most ambitious project is VinFast, an automotive company launched in 2017 with the goal of building Vietnam's first domestic car brand. VinFast has since pivoted to focus exclusively on electric vehicles, with bold plans for global expansion, including a US IPO and a factory in North America. Vuong's vision is to build a portfolio of internationally recognized Vietnamese brands.

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Quick Reads


  • Founder and Chairman of Vingroup, Vietnam's largest conglomerate.
  • Vietnam's first and richest billionaire.
  • Started his career in Ukraine with a successful instant noodle company.
  • Founder of VinFast, an electric vehicle manufacturer with global ambitions.
  • Vingroup's interests span real estate, healthcare, education, and technology.

Early Life and Background


Phạm Nhật Vượng is a Vietnamese businessman, the self-made billionaire Founder and Executive Chairman of Vingroup (HOSE: VIC), Vietnam's largest conglomerate (spanning real estate, retail, healthcare, and electric vehicles (VinFast)). His career is rooted in entrepreneurial audacity and strategic national development.

Vượng graduated from the Russian Geological Exploration Institute in Moscow. His entrepreneurial journey began with selling instant noodles in Ukraine during the post-Soviet transition. His philosophical approach centers on scale, national pride, and vertical integration (controlling the entire supply chain from property to EV manufacturing).

  • Vingroup (Founder & Chairman): The core publicly traded asset, Vietnam's largest conglomerate (controlling Vinhomes, Vincom Retail, and VinFast).
  • Industrial Pioneer: His success is built on scale development of integrated urban projects and a major pivot to electric vehicle (EV) manufacturing (VinFast).
  • Early Venture: He started his first successful business selling instant noodles in Ukraine in the early 1990s.
  • Investment Strategy: His philosophy is rooted in long-term investment in national infrastructure and leveraging the massive Vietnamese economic growth story (the Vietnamese chaebol).

Career Journey of Pham Nhat Vuong


Phạm Nhật Vượng's strategic genius was his commitment to scale and national development. He returned to Vietnam from Ukraine in the early 2000s and founded Vingroup, focusing first on real estate and resorts (Vinhomes, Vinpearl). His structural contribution is immense: pioneering the integrated urban development model and driving the modernization of Vietnam's consumer and industrial sectors.

His most audacious move was the 2017 launch of VinFast (electric vehicles), committing billions to build a global EV brand from scratch. His wealth is secured by the colossal, long-term, stable profitability of the diversified industrial, real estate, and consumer sectors.

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Pham Nhat Vuong's Timeline


1993:

Sells instant noodles business in Ukraine; returns to Vietnam (Pivotal Transition).

2000s (Early):

Founds the precursor to Vingroup (Founding).

2007 (September):

Vingroup executes its successful IPO on the HOSE (Financial Milestone).

2017:

Launches VinFast (Electric Vehicle Pivot).

2023 (August):

VinFast executes its IPO on the NASDAQ (Global Milestone).

Ongoing:

Continues as Founder and Executive Chairman, guiding the massive conglomerate (Executive Oversight).

Major Business Ventures and Investments


Phạm Nhật Vượng's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded conglomerate, Vingroup (HOSE: VIC), and its subsidiaries.

  • Vingroup (Founder & Chairman): The core publicly traded asset, Vietnam's largest conglomerate (controlling Vinhomes, Vincom Retail, and VinFast).
  • Industrial Pioneer: His success is built on scale development of integrated urban projects and a major pivot to electric vehicle (EV) manufacturing (VinFast).
  • Early Venture: He started his first successful business selling instant noodles in Ukraine in the early 1990s.
  • Investment Strategy: His philosophy is rooted in long-term investment in national infrastructure and leveraging the massive Vietnamese economic growth story (the Vietnamese chaebol).

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Philanthropy and Social Impact


Phạm Nhật Vượng's social impact is structural, stemming from Vingroup's role as Vietnam's largest private enterprise and a massive employer. His VinFast EV venture provides a major structural contribution to sustainable transport and national industrial capacity. His VinFuture Prize (a massive global technology award) supports scientific innovation. His structural contribution is tied to the successful industrialization and scale of the Vietnamese economy.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Phạm Nhật Vượng maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and national ambition, typical of a leader in the global industrial sector.

Residing in Hanoi, Vietnam, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, national development, and technology innovation.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and Chairman of Vingroup, Vietnam's largest conglomerate (real estate, retail, VinFast EVs).
  • He started his first successful business selling instant noodles in Ukraine.
  • Vingroup is pioneering the electric vehicle market with VinFast.
  • He is the richest person in Vietnam.
  • His family's foundation funds the VinFuture Prize (a massive global technology award).
  • He holds a degree in Geological Exploration.
  • His wealth is tied to the successful industrialization and rapid growth of the Vietnamese economy.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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