100 stock market millionaires in 2007

VietNamNet Bridge – The net worth of the 100 stock market millionaires in 2007 is much higher than in 2006 as they now have more shares, or enterprises have higher profits.

100 stock market millionaires in 2006

2007’s list of 100 stock market millionaires includes the names of many owners of newly listed companies.

In 2006, the database which VnExpress newspaper relied on to select the 100 stock market millionaires were the prospectuses of nearly 150 companies. The total assets held by 650 individuals listed on the prospectuses were valued at VND37.2tril ($2.325bil), or 4% of Vietnam’s GDP.

This is the second year the newspaper conducted this survey and announced the 100 richest shareholders. The surveyors used reports made public by 237 of 253 companies listed on the Hanoi and HCM City bourses by December 31, 2007.

2,900 individuals have been listed in said companies’ prospectuses, who have total stock assets totaling VND86.4tril ($5.4bil), or 7.6% of GDP.

The assets of the 100 richest shareholders reached VND72tril ($4.5bil), of which 65 males hold VND49tril ($3.06bil) and 37 females hold VND21tril ($1.4).

Dang Thanh Tam, Chairman of Saigon Investment Group (SIG) tops the list. In 2006, when only one member of SIG, the Tan Tao Industrial Zone Development Company (ITA) listed, Mr Tam ranked 35^th among the 100 richest; at the time he held VND375.1bil ($23.43mil) of Tan Tao’s shares.

In 2007, Mr. Tam’s assets increased considerably as another member of SIG, Kinh Bac Investment Company (KBA) also listed. With 30mil Kinh Bac and 4.2mil Tan Tao shares, Mr. Tam now has VND6.3tril ($393.75mil), 2.5 times higher than 2006’s number one spot.

The assets of Mr. Tam’s family have also increased considerably over the last year. Mr Tam’s younger sister, Dang Thi Hoang Phuong, jumped from 52^nd in 2006 to 11^th this year, her assets up by 8 times (VND1.4tril or $88.93mil). Dang Thi Hoang Yen, the older sister, though she did not make capital contribution to Kinh Bac Company, has also seen her assets increase from VND371.7bil ($23.23mil) in 2006 to VND1.3tril ($78.25mil) in 2007, jumping 36^th to 15^th.

The year 2007 saw the appearance of new names on the list of 100 stock market millionaires. Vincom, Hoa Phat and Nam Viet only listed on the bourse in the second half of the year, but this still put their owners in the ranks.

There are 29 new names total. These include Pham Nhat Vuong, member of Vincom’s management board who ranks second with total assets of VND3.8tril; Chairman of Hoa Phat Group ranks third as he his holding VND3.5tril worth of HPG shares; and Doan Toi, Chairman and General Director of Nam Viet, a seafood company, who ranks fifth with VND2.6btril.

29 names on the 2006 list said ‘bye bye’ this year. Some sold stakes, others bought more shares, but their assets have reduced because of share price decreases. In some cases, their assets have seen increases in value, but rivals have seen even higher increases.

Top 20 stock market millionaires in 2007:

Grades	Names	Listing Companies	Assets (VNDbil)
1	Dang Thanh Tam – Chairman and General Director of KBC, Member of ITA’s Management Board	- KBC - ITA	6,293.400
2	Pham Nhat Vuong, Member of Management Board	Vincom	3,750.926
3	Tran Dinh Long, Chairman	Hoa Phat Group	3,476.200
4	Nguyen Duy Hung – Chairman and General Director of SSI, founding shareholder of PAN, Member of Management Board of VSH	- SSI - Vinh Son-Song Hinh Hydropower Plant - PAN	2,801.181
5	Doan Toi, Chairman and General Director	Nam Viet	2,635.600
6	Tran Kim Thanh, Chairman of NKD, KDC	- Kinh Do Food Processing Company/KDC - Northern Kinh Do Food Processing Company NDC	2.153,740
7	Nguyen Thi Mai Thanh – Chairman and General Director of REE, Member of Management Board of STB	REE Sacombank	1,785.100
8	Truong Gia Binh, Chairman and CEO	FPT	1,701.985
9	Dang Ngoc Lan – wife of Nguyen Duc Kien, Deputy Chairman of Management Board	ACB	1,701.109
10	Nguyen Duc Kien - Deputy Chairman of Management Board	ACB	1,553.329
11	Dang Thi Hoang Phuong – Members of Management Boards of KBC, ITA, sister of Dang Thanh Tam	- KBC - ITA	1,423.350
12	Nguyen Phuong Anh – daughter of Chairwoman Dang Thi Hoang Yen	ITA	1,366.400
13	Tran Hung Huy – Member of Management Board – Son of Tran Mong Hung, Chairman of ACB	ACB	1,365.150
14	Tran Le Nguyen – Deputy Chairman, General Director	Kinh Do Group	1,300.538
15	Dang Thi Hoang Yen - Chaiwoman	ITA	1,252.391
16	Dang Hong Anh – Member of Management Board – daughter of Chairman Dang Van Thanh	Sacombank	1,172.211
17	Tran Mong Hung – Chairman	ACB	1,129.530
18	Truong Thi Le Khanh – Chairwoman and General Director	Vinh Hoan Company	1,113.830
19	Vu Thi Hien – wife of Tran Dinh Long, Chairman	Hoa Phat Group	1,050.596
20	Nguyen Hong Nam – member of PVD’s management board, Deputy General Director of SSI	- PV Drilling - SSI	968.800

(Source: VNE)