Hoa Phat Chairman Mr Long Becomes Third Rich Person in Vietnam

VnExpress reported that of steelmaker Hoa Phat Group’s chairman Mr Tran Dinh Long has moved up a position to become the third richest person in
Hoa Phat Chairman Mr Long Becomes Third Rich Person in Vietnam
Tran Dinj LongForbes

Vietnam. His net worth rose to USD 1.8 billion on Monday as Hoa Phat’s HPG stock recorded the largest gain among Vietnam’s blue chip stocks at 5 percent, closing at VND 37,500 per share. The value of HPG shares has been rising since early last month as the largest producer of construction steel in the country posted its highest quarterly post-tax profit ever at VND 3.78 trillion in the third quarter. Mr Long founded Hoa Phat Corp, an equipment and parts distributor, in Hanoi in 1992. Hoa Phat is now the biggest steel maker in Vietnam, making office equipment, steel pipes and construction steel.

Mr Long is now the third richest individual in the country behind Mr Pham Nhat Vuong, chairman of the largest private conglomerate Vingroup with a net worth of USD 6.5 billion and Mr Nguyen Thi Phuong Thao, CEO of budget airline Vietjet at USD 2.4 billion. Ho Hung Anh, chairman of largest private bank Techcombank, is fourth with a net worth of USD 1.5 billion.

Related Stories

SteelGuru Business News
www.steelguru.com