Hoa Phat Chairman Mr Long Becomes 2nd Richest Person in Vietnam
VnExpress reported that Vietnamese steel maker Hoa Phat Group Chairman Mr Tran Dinh Long has overtaken Vietjet Air CEO Mr Nguyen Thi Phuong Thao to become the second richest person in Vietnam. As of Monday is Viet Nam’s richest person with a net worth of USD 9.7 billion.
Hoa Phat is now the biggest steel maker in Vietnam, making pipes and construction steel & HRC. Mr Long is one of the largest shareholders in his company with over 700 million shares, equivalent to a more than 25% stake.