HANOI, Jan. 5 (Xinhua) -- Assets of five richest families in Vietnam totaled 12.2 billion U.S. dollars based on the value of their stock holdings on the country's stock market on Jan. 2, Vietnam News Agency reported on Friday.
The five richest families include Pham Nhat Vuong family (VinGroup), Nguyen Thi Phuong Thao family (Vietjet, HDBank), Trinh Van Quyet family (FLC Group, FLC Faros), Tran Dinh Long family (Hoa Phat Group) and Bui Thanh Nhon family (Novaland Investment Group).
Except for the Tran Dinh Long and Trinh Van Quyet families whose family members directly hold stocks in their companies, the remaining three families own a number of private investment firms that have stake in their main businesses.
The Nguyen Thi Phuong Thao family established Huong Duong Sunny Investment Company and Sovico Holdings to invest capital in budget carrier Vietjet Air and a local bank named HDBank. Bui Thanh Nhon owned Novagroup Holdings and Diamon Properties, while Pham Nhat Vuong founded Vietnam Investment Group.
