Brian Jeffrey
In 2024, Ho Thuy Anh and Ho Anh Minh, the offspring of Techcombank Chairman Ho Hung Anh, emerged as two of the wealthiest individuals in Vietnam’s stock market, making their mark as part of a prominent generation.
Ho Thuy Anh, born in 2001, possesses nearly 334.7 million shares of Techcombank (TCB), translating to a net worth of around VND 8.4 trillion by year-end 2024. In the previous year, she invested nearly VND 2.1 trillion to raise her ownership from under 3% to close to 4.9%.
Her brother, Ho Anh Minh, who was born in 1995, holds a similar quantity of shares, placing him 12th among the wealthiest individuals, with assets valued at VND 8.39 trillion.
Together, these two heirs surpass the wealth of several established business figures, such as Dao Huu Huyen, Chairman of Duc Giang Chemicals (VND 8.3 trillion), and Ho Xuan Nang, Chairman of Vicostone (VND 8.075 trillion), as well as other well-known business leaders like Nguyen Van Dat and Truong Thi Le Khanh.
In 2024, Pham Nhat Vuong’s sons gained visible prominence at significant corporate events.
His eldest, Pham Nhat Quan Anh, born in 1993, publicly debuted in late 2023 as Vice President of VinFast’s production sector. He was instrumental in establishing a partnership with Japan’s Marubeni Corporation for battery recycling initiatives, which dovetails with Vietnam’s circular economy efforts.
Earlier this year, Quan Anh, alongside his father, hosted Indonesian President Joko Widodo during a visit to the VinFast facility in Hai Phong.
He became a Vingroup shareholder at the end of 2023 by purchasing 150,000 VIC shares through the employee stock ownership plan (ESOP).
His younger brother, Pham Nhat Minh Hoang, born in 2000, made headlines in November 2024 while assisting VinFast executives in welcoming Bulgaria’s President to their factory in Hai Phong.
Despite their youth, both brothers are significantly engaged in Vingroup’s core sectors, particularly in high-tech and industrial fields – two of the company’s main pillars.
Nguyen Yen Linh, daughter of Masan Group Chairman Nguyen Dang Quang, acquired nearly 8.5 million MSN shares between October 29 and November 18, 2024. This brought her total stake in Masan Group to 0.59%.
During her acquisition, MSN shares traded around VND 75,000 per share, reflecting a total investment of over VND 600 billion.
Interestingly, her father possesses only 18 MSN shares, while her mother, Nguyen Hoang Yen, owns about 50.9 million shares, or 3.36% of the company.
In addition to Nguyen Yen Linh, the Masan chairman and his wife have another set of children, Nguyen Thuy Linh and Nguyen Dang Linh, who have minor stakes in MSN.
Among the family of Doan Nguyen Duc, commonly known as ‘Bau Duc’, his eldest daughter, Doan Hoang Anh, stands out as a significant shareholder of Hoang Anh Gia Lai (HAG).
Bau Duc emphasized in 2023, “The name ‘Hoang Anh’ is my daughter’s name – I will never let go of it.”
Hoang Anh first attracted investor attention in August 2021 when she acquired 4 million HAG shares, valued at nearly VND 21 billion. By September, she had increased her holdings to 8 million shares.
Continuing her active involvement in the market, she sold 2 million shares in February 2024 but repurchased 4 million shares in both May and September. Most recently, she bought another 1 million shares in late December 2024, bringing her total to 14 million shares, or a 1.32% ownership in the entity.
As of early 2025, her shares are estimated to be worth over VND 170 billion on the stock market.
After the passing of DIC Corp’s Chairman, Nguyen Thien Tuan, on August 10, 2024, his son, Nguyen Hung Cuong, took over as the Chairman of the Board on August 19, 2024. He also became the company’s legal delegate.
Cuong inherited nearly 20.8 million shares from his late father, boosting his total stake in DIC Corp from 62 million shares to 82.7 million shares, which is 13.56% of the company.
Currently, Cuong stands as DIC Corp’s largest shareholder. His mother, Le Thi Ha Thanh, also received over 20.8 million DIG shares from her late husband last month.
