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Forbes' latest update on Pham Nhat Vuong's wealth shows the assets of the Vietnamese entrepreneur. The main driver comes from the positive movement in VIC shares. By the close on April 16, the VIC stock price hit the second consecutive limit-up, at 189,300 dong per share, a record high. Compared with 2025, VIC's price has risen more than eight-fold. Related stocks such as VHM, VRE, and VPL also posted notable gains, helping to bolster Vuong's fortune. Earlier, Forbes also placed Pham Nhat Vuong among the world's five biggest wealth-winners on April 15, alongside Asian names such as Mukesh Ambani, Masayoshi Son and Gautam Adani. Masayoshi Son (born 1957) is a Japanese billionaire of Korean origin, founder and CEO of the technology giant SoftBank. Mukesh Ambani (born 1957) and Gautam Adani (born 1962) are Indian billionaires who lead multi-industry empires spanning energy, telecommunications, retail, and ports. Vuong remains Vietnam's wealthiest individual. The 1968-born entrepreneur is the founder and chairman of Vingroup, the country's largest privately held multi-sector conglomerate with operations across industrial-technology, real estate, tourism, infrastructure, and energy. On April 12, Quang Ninh Province's People’s Committee, together with VinGroup and other local authorities, broke ground on a high-speed rail line connecting Hanoi and Quang Ninh. The project, led by VinSpeed (a VinGroup subsidiary), has an investment of more than 147 trillion dong (excluding land clearance) and is slated for completion in 2028. When operational, travel time between the two locales is expected to drop from over two hours to about 23 minutes.
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…
