Pham Nhat Vuong, the founder of Vietnam's largest conglomerate Vingroup, has become the 5th richest person in Asia after his net worth surged by $39 billion in one day. The surge was driven by the strong performance of VinFast, Vingroup's electric vehicle subsidiary, which made its Nasdaq debut on August 15, 2023. VinFast's stock price more than tripled on its first day of trading, closing at $37.06.
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