Four giants’ hold stocks worth 29.505tr dong, much higher than bailout package

Four giants on the stock market now hold stocks worth of some 29,505 billion dong which is much bigger the government’s fiscal and monetary bailout package to ease difficulties for businesses and individuals.

According to the data compiled on Hanoi and HCM City Stock Exchange as of 12 June, Pham Nhat Vuong is the richest with nearly 215 million VIC shares worth of 17,936 billion dong and so was he in the two previous years.

The second position belongs to Doan Nguyen Duc, Chair of Management Board of Hoang Anh Gia Lai (HAG) with value of shares climbing nearly 1.5 times over last year to 6,296 billion dong shares (based on the closing price on 12 June).

Pham Thi Thu Huong, deputy Chair of VIC’s Management Board and Pham Nhat Vuong’s wife, ranks the third in the top 10 stock giants as the richest woman on the stock market with more than 37 million VIC shares, equivalent to roughly 3,093 billion dong.

In the meantime, Nguyen Hoang Yen, member of Masan Group (MSN)’s Board of directors stays in the fourth position with 2,180 billion dong.

The other six in the list are familiar names on the stock market. The fifth wealthiest stock investors is Pham Thuy Hang – VIC’s deputy chair, Pham Thu Huong’s younger sister with nearly 25 million VIC shares worth of 2,066 billion dong, followed by Tran Dinh Long – Chair of Hoa Phat (HPG)’s Board of directors (2,013 billion dong) and Ha Van Tham – Chair of Dai Duong (OGC)’s Board of directors (1,801 billion dong).

Kinh Bac Group (KBC)’s Chair Dang Thanh Tam who holds more than 24 million ITA shares, nearly 15 million NVB shares, 101 million KBC shares and some 17.5 million SGT shares, of which the estimated value totals 1,637 billion dong (based on the closing price on 12 June), is in the eighth position.

At the bottom of the list are Ho Hung Anh – MSN’s deputy Chair and Nguyen Van Dat – Chair of Phat Dat Real Estate Company with stock assets of 1,577 billion dong and 1,044 billion dong respectively.

Total assets of four first millionaires in the list alone are estimated to reach 29,505 billion dong surpassing the government’s 29 trillion dong fiscal and monetary bailout package. Assumingly, these top ten could hold nearly 40 trillion dong, an increase of roughly 4,500 billion dong over the end of 2011.

 

Category: Stocks