50 richest women in 2010 on Vietnam’s stock market

Holding the volume of shares worth 2,340 billion dong, Pham Thu Huong has topped the list of the 50 richest women on the stock market released by newspaper for 2010, though Huong’s stock assets’ value remains to be lower than the 2009 richest woman’s.

Huong is now holding 17.5 million VIC (Vincom) shares and 15 million VPL (Vinpearl) shares. She is the wife of Pham Nhat Vuong who has been recognised as the richest stock millionaire in 2010.

If referring to the stock prices recorded in the last trading session of the stock market on December 31, 2010, the volume of shares held by Huong has the total value of 2.341 trillion dong, just equal to 15 percent of the assets of her husband. The asset value is 300 billion dong lower than the asset value of the 2009’s richest woman, but the figure is still high enough to make Huong the richest woman in 2010. It is estimated that 3,300 woman shareholders have to expose information on the stock market. Huong’s asset value has increased by two folds if compared with 2009.

Being the richest couple in Vietnam, but Pham Nhat Vuong and Pham Thu Huong, the owners of two big groups Vincom and Vinpearl, who have caught the special attention from the public, rarely appear on local media. Vuong only attended some events as the Chair of the Vietnamese Overseas Entrepreneurs. Meanwhile, Huong has never appeared on local newspapers.

Until 2010, Huong had been known as the relating shareholder who held shares of Vincom and Vinpearl. Meanwhile, in 2010, she held VPL shares as a big shareholder.

As such, the first position in the list of 50 richest women has belonged to a person who does not manage businesses in person.

The 2009’s richest woman, Dang Thi Hoang Yen, Chair of Tan Tao Group has fallen to the second position. The volume of ITA shares Yen is holding has increased by nearly 90 percent. However, since ITA prices have decreased sharply, her asset value has decreased by 650 billion dong in comparison with 2009.

There are two women whose names have been added into the list of top five women – Nguyen Thi Nhu Loan, Chair of Quoc Cuong Gia Lai (QCG). QCG began listing its shares in mid 2010, when real estate companies wanted to seek new capital mobilization channels. However, QCG has been well known on the market, partially because of the reputation of Nguyen Quoc Cuong – the son of Loan, who is also a member of the board of directors and has been well known as a connoisseur and for his car collection.

By the end of 2010, Loan had had 1.640 trillion dong worth of QCG shares, while the son had had 12 billion dong.

Nguyen Hoang Yen, the wife of the famous businessperson Nguyen Dang Quang from Ma San Group, has for the first time listed her name in the top five with the total assets worth 1.633 trillion dong. In 2009, Yen only ranked 12th among the richest 50 women when he had the assets worth 744.8 billion dong.

As the VN Index kept decreasing in 2010, the asset value of stock millionairesses dropped sharply. Eighteen women in the 2009’s list do not have their names in the 2010’s list. Meanwhile, 21 other women have seen the asset value decreasing due to the stock price decreases.

The total assets of the 50 richest women are worth 23.8 trillion dong.

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