After the August 28 trading session, Mr. Pham Nhat Vuong was the 16th richest in the world thanks to VinFast capitalization.

VinFast’s VFS shares closed at 82.35 USD/share after the August 28 trading session on the Nasdaq, thanks to which the total capitalization value exceeded 191 billion USD.

At the end of the August 28 trading session on Nasdaq, VFS shares were priced at 82.35 USD/share and had a matching volume of more than 12.6 million shares, bringing VinFast’s capitalization value to more than 191 billion USD, keeping firmly holds the top 3 position of automobile manufacturing companies with the largest market capitalization globally, only behind Tesla and Toyota.

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With the above capitalization, VinFast has the second largest capitalization among electric vehicle companies in the world, second only to Tesla. Notably, in the above trading session, there was a time when VFS shares reached nearly 90 USD/share.

Thanks to that, Mr. Pham Nhat Vuong’s assets also increased in the ranking of the richest people in the world. According to Forbes’ update on the morning of August 29, the asset value of the owner of Vingroup increased by 10.2 billion dollars to nearly 66 billion dollars, equivalent to a growth index of more than 18%, thus ranking 16th in the list. List of the richest people on the planet.

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If considered in Asia, Mr. Pham Nhat Vuong ranks 2nd on the list of richest people, only behind billionaire Mukesh Ambani with a net worth of about 94.7 billion dollars. Currently, VinFast shares continue to increase in the context that the number of free float shares of VinFast is at a very low level (4.5 million units compared to more than 2.3 billion listed VFS shares).

VinFast President Le Thi Thu Thuy, a larger number of shares will be brought to the market in about 6 months to a year. It is expected that about 3 million additional shares will be offered in the first time and about 30 million in the future.

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