Phạm Nhật Vượng

Phạm Nhật Vượng (, born 5 August 1968) is a Vietnamese property developer and Vietnam's first USD billionaire. He is the founder and chairman of Vingroup, the largest conglomerate in Vietnam, and the creator and former owner of , one of the most popular brands of instant noodles in Ukraine. As of April 2026, Vượng had a net worth of $34.1 billion according to Forbes.

Personal life 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 from Haiphong, who had a tea shop, which left the family with a very meager income.

In 1987, he entered Hanoi University of Mining and Geology and was sent to the Soviet Union to study in the Moscow Geological Prospecting Institute,

Career In the 1990s, while living in Ukraine, Phạm Nhật Vượng started an instant noodle restaurant business using money borrowed from friends and family. Soon he also started producing and selling instant noodles.

In 1993, he founded Technocom, which would become successful in dehydrated culinary products in Ukraine. Vượng sold Technocom to Nestlé for $150 million in 2009, before returning to Vietnam.

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). Vincom went public in 2007. It merged with Vinpearl, Vượng's luxury resort business, to form VinGroup in 2007. His wife, Phạm Thu Hương, ranked third, and his sister-in-law Phạm Thúy Hằng ranked fifth.

Vượng took on the role of CEO of VinFast in January 2024.

In May 2025 his net worth totaled nearly 180 trillion dong.