Phạm Nhật Vượng (born 5 August 1968) is a Vietnamese property developer and Vietnam's first billionaire.
He is the founder and chairman of Vingroup.
Vượng was born on 5 August 1968 in Hanoi; his paternal family has origins in Hà Tĩnh in north-central Vietnam.
His father served in the Vietnamese Army's air defence division, and his mother is a Hai Phonger, who had a tea shop, which left the family with a very meager income.
1985
He grew up in Hanoi and graduated from Kim Lien High School in 1985.
1987
In 1987, he entered Hanoi University of Mining and Geology and was sent to Russia to study in the Moscow Geological Prospecting Institute, for which he was able to obtain a scholarship thanks to his profound mathematical aptitude.
1990
In the 1990s, while living in Ukraine, Pham Nhat Vuong started an instant noodle restaurant business using money borrowed from friends and family.
Soon he also started producing and selling instant Noodles.
1992
He graduated from this university in 1992.
After graduating, he married Phạm Thu Hương, whom he had known since high school, and moved to Kharkiv, Ukraine.
The couple has three children.
1993
In 1993, he founded Technocom, which would become a market leader in dehydrated culinary products in Ukraine.
2003
Vượng's first projects in Vietnam were Vinpearl Resort Nha Trang (opened in 2003) and Vincom City Towers (later renamed Vincom Ba Trieu) in central Hanoi (opened in 2004).
2007
Vincom went public in 2007.
It merged with Vinpearl, Vượng's luxury resort business, to form VinGroup in 2007.
VinGroup is headquartered in its Riverside township in Long Biên District in Eastern Hanoi.
2009
Vượng sold Technocom to Nestlé for $150 million in 2009, before returning to Vietnam.
2015
In 2015, Vượng was listed as the richest person in Vietnam with assets totaling VNĐ 24.3 trillion (approximately US$1.1 billion), which more than quadrupled those of the second richest person, Trần Đình Long of Hanoi Hoa Phat Corporation.
His wife, Phạm Thu Hương and sister-in-law Phạm Thúy Hằng ranked third and fifth respectively.
As of February 2024, Forbes estimated his net worth to be US$4.5 billion.
