Vietnam’s seven billionaires collectively lost $3.1 billion in net worth during a single trading session on July 22, 2026, as the VN-Index plunged 3.6% to a four-month low. Vingroup’s stock hit its daily 7% limit, slashing founder Pham Nhat Vuong’s wealth by $2.4 billion to $31.6 billion. His sisters Pham Thu Huong and Pham Thuy Hang lost $304 million and $213 million respectively. VietJet Air’s Nguyen Thi Phuong Thao lost $163 million; Techcombank’s Ho Hung Anh lost $50 million. Masan Group’s Nguyen Dang Quang exited the billionaire list earlier in July after share declines.
According to e.vnexpress.net, the combined net worth of Vietnam’s seven billionaires fell by $3.1 billion in a single trading session on Wednesday, July 22, 2026.
VN-Index hits four-month low amid broad selloff
The benchmark VN-Index declined 62 points, or 3.6%, closing at its lowest level in four months. This sharp drop triggered losses across major listed conglomerates and financial institutions — most notably Vingroup, whose shares hit the daily trading limit of 7% down, settling at VND202,000 ($7.68). The selloff occurred amid tightening global liquidity conditions and domestic concerns over corporate debt sustainability and regulatory scrutiny of real estate-linked financing.
Pham Nhat Vuong’s wealth falls $2.4 billion
Pham Nhat Vuong, chairman of Vingroup and Vietnam’s richest person, saw his net worth shrink by $2.4 billion — from $34.0 billion to $31.6 billion. As majority shareholder of Vingroup, Vuong’s wealth is heavily tied to the company’s publicly traded equity. His two sisters, Pham Thu Huong and Pham Thuy Hang, both vice chairwomen of Vingroup, lost $304 million and $213 million, respectively, as their shareholdings declined in tandem with the stock’s collapse.
Other billionaires hit across sectors
Nguyen Thi Phuong Thao, chairwoman of VietJet Air, lost $163 million after the budget carrier’s shares dropped 3.7%. Ho Hung Anh, chairman of Techcombank, incurred a $50 million decline following a 2.7% fall in the lender’s stock price. Meanwhile, Ngo Chi Dung, chairman of VPBank, and Tran Dinh Long, chairman of steelmaker Hoa Phat Group, experienced smaller but measurable reductions in net worth — though exact figures were not specified in the source.
Exit of eighth billionaire narrows list
Vietnam’s billionaire roster shrank from eight to seven earlier in July 2026, after Nguyen Dang Quang, chairman of Masan Group, fell off the list. His exit followed sustained declines in Masan’s share price, which eroded his publicly disclosed stake value below the $1 billion threshold required for inclusion in Forbes’ annual ranking. The source notes that Forbes calculates individual wealth based on publicly traded shareholdings, private company valuations, real estate, artwork, and yachts — all assessed at a fixed point in time.
Source: e.vnexpress.net
Compiled from international media by the SCI.AI editorial team.
