•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Pham Nhat Vuong, chairman of Vingroup (VIC), has a net worth of $34.5 billion, according to an update from Forbes issued in the early afternoon of April 23, 2026. The figure places him as the richest person in Southeast Asia, ahead of Jack Ma ($28.4 billion), who ranks 87th globally, as well as MacKenzie Scott ($32.3 billion, ranking 70th) and Melinda French Gates ($30 billion, ranking 77th).
Vuong’s rise in wealth coincides with a rally in VIC. In the morning session on April 23, VIC closed at 211,300 dong per share, up 2% from the previous session, marking the fourth consecutive day of gains. Since the start of 2025, the stock has risen tenfold.
Vuong’s family members also saw increases in wealth. Forbes data cited in the update shows his wife, Pham Thu Huong, vice chairwoman of the group, gained $310 million to reach $3.7 billion. His sister-in-law, Pham Thu Hang, also a vice chairperson, rose to $2.6 billion.
At Vingroup’s 2026 annual general meeting, Vuong said the electric taxi Green SM will play a pivotal role in VinFast’s effort to become the leading brand in Vietnam and expand internationally. Green SM is slated for a late-2028 IPO, with pre-IPO activities already planned.
The company’s 2026 targets include delivering 300,000 electric cars. VinFast also aims to lift total production of vehicles and electrical machinery by at least 2.5 times compared with 2025, targeting around 1 million units.
The update links Vuong’s wealth growth to the performance of VIC and highlights VinFast’s expansion roadmap. Vuong said VinFast will continue strengthening its position in Vietnam and aggressively expand into key international markets, including the United States and Europe, with new models.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
