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Vietnam's 10 richest banking billionaires of 2013
Publication Date : 01-01-2014
The Vietnamese stock market has climbed more than 20 per cent in 2013. However, with the economy facing some problems, shares from the banking sector, in particular, faced quite a few difficulties. The prices of shares of most listed banks declined in 2013. However, some individuals still made the list of top earners.
The following are Vietnam's top 10 bank billionaires (in the Vietnamese dong) of the stock market.
1. Ocean Group (OGC) chairman Ha Van Tham
Tham's net worth reached 1.5 trillion dong (US$70.7 million), making him the eighth richest person in the stock market.
He heads several subsidiaries of the Ocean Group, including OceanBank, Ocean Hospitality and Ocean Retail, while also being a member on the management board of Vinamilk (VNM), one of the stock market's blue chips.
2. Techcombank chairman Ho Hung Anh
As Techcombank is not listed on the stock exchange, Anh's assets cannot be accurately valued. But he holds 15.77 million shares of the private equity group Masan (MSN), one of the more resilient stocks in the market, which are worth over 1.3 trillion dong ($61.3 million).
3. Sacombank's (STB) largest shareholder, Tran Phat Minh
The 54.9 million STB shares that Minh owns are currently valued at nearly 930 billion dong ($43.8 million). In addition, Minh also holds 9.8 million shares of the unlisted Kien Long Bank.
Last year, he was the 11th richest person in the stock market, but this year, that spot has been grabbed by Kinh Bac Urban Development's chairman, Dang Thanh Tam. Minh, meanwhile, slips by two places.
4. Sacombank shareholder Tram Trong Ngan
Ngan has no management position in Sacombank, but his stake in the bank is worth 925 billion dong ($43.6 million), making him the 15th top earner in the stock market.
Ngan, Southern Bank's standing vice chairman, is son of Sacombank's vice chairman, Tram Be.
5. Dang Ngoc Lan, wife of Asia Commercial Bank's (ACB) co-founder, Nguyen Duc Kien
Lan holds 38.5 million ACB shares worth 600.8 billion dong ($28.3 million). She is on the VietBank's board of management.
6. Asia Commercial Bank co-founder Nguyen Duc Kien
Despite being in police custody due to serious financial fraud, which damaged $5.6 billion of the stock market in August last year, Kien is still the sixth richest person in the bank sector, with 35.17 million ACB shares valued at 548.6 billion dong ($25.8 million).
Kien was arrested on August 21, 2012. Two weeks ago, the Supreme People's Procuracy of Viet Nam prosecuted Kien on four counts of "illegal business," "intentionally violating the State regulations on economic management causing serious consequences," "appropriation of property" and "tax evasion."
7. Asia Commercial Bank chairman Tran Hung Huy
Holding 28.77 million ACB shares worth 449 billion dong ($21.2 million), Huy is the seventh richest man among banking giants.
Huy is the son of Tran Mong Hung, the founder of the bank. He was made chairman after Kien and other officials were arrested.
8. Sacombank board member Tram Khai Hoa
Hoa, the youngest son of Tram Be, is worth 401.1 billion dong ($18.9 million). The 25-year-old billionaire is the youngest man to hold a senior position in a large Vietnamese bank.
9. Former vice chairwoman of Sacombank Huynh Que Ha
Ha's stake in Sacombank is worth 285.2 billion dong ($13.45 million). Ha has worked for a long time at the bank and was vice chairwoman before she resigned in May last year.
10. Sacombank CEO Phan Huy Khang
Being CEO and a member of the board of Sacombank, Khang has 15.9 million STB shares, worth 269.1 billion dong ($12.7 million).
Before becoming Sacombank's director, Khang spent nearly two decades working for Southern Bank.