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Pham Nhat Vuong

Pham Nhat Vuong

The sole billionaire in Vietnam, Pham Nhat Vuong is the founder and chairman of Vingroup. Pham moved 107 spots last year to rank 1,011th in Forbes’ 2016 billionaires list. Although Vingroup earns revenue mainly from the sale of houses and apartments, it is expanding rapidly into retail, agriculture, education and healthcare. Last year, it launched seven new shopping malls across Vietnam. Its $1.5-billion Vinhomes Central Park, which includes an 81-storey skyscraper, apartment buildings and Vietnam’s version of Central Park, is expected to be timely completed in 2018.