When it comes to financial institutions that create the most powerful families in the financial world of Vietnam, Vietnam Technological and Commercial Joint Stock Bank (Techcombank, code: TCB) and Vietnam Prosperity Commercial Joint Stock Bank (VPBank, code: VPB) are the two leaders, after becoming the two largest private joint stock bank. The most notable ones are the families of Ho Hung Anh and Ngo Chi Dung.
In the ranking of Vietnamese securities billionaires, Chair of Techcombank’s Board of directors (BOD) Ho Hung Anh is currently the second richest man after billionaire Pham Nhat Vuong.
At Techcombank, Ho Hung Anh only owns 39.30 million TCB shares, equivalent to 1.12 percent of the bank’s stake. However, his relatives are the bank’s major shareholders, including Nguyen Thi Thanh Thuy (Hung Anh’s wife) and Nguyen Thi Thanh Tam (Hung Anh’s mother) who own 174.130 million TCB shares each, Ho Anh Minh (Hung Anh’s son) who owns 137.95 million TCB shares, and Nguyen Huong Lien (Hung Anh’s sister) who owns 69.63 million shares.
Overall, Hung Anh and his relatives mentioned in the above are holding 595,160,995 TCB shares. If calculated the value based on the market value on April 1st, this amount of shares is worth 15.206 trillion dong.
Not only that, Ho Hung Anh and his wife are also major shareholders in Masan Group Corporation (MSN) with a total shareholding of over 179 million shares, equivalent to a value of 15.782 trillion dong based on MSN’s closing price on April 1st.
Thus, considering the holding of TCB and MSN shares, the assets held by Techcombank Chair’s family reaches up to 30.989 trillion dong, equivalent to more than 1.3 billion US dollars.
At Techcombank, Nguyen Canh Son and his family are also major shareholders. Son is currently the bank’s vice Chair and also Chair of the BOD of EuroWindow.
Considering TCB shares alone, Nguyen Canh Son, his wifeNguyen Thi Phuong Hoa and his son Nguyen Canh Son Tung hold 114.925 million shares, equivalent to a value of 2.936 trillion dong.
However, it is VPBank which creates billionaire families who are the banks major shareholders and BOD members. The most notable cases are the bank’s BOD Chair Ngo Chi Dung and vice Chair Bui Hai Quan.
The bank’s Chair Dung was born in 1968 and returned from Eastern Europe. Dung himself owns more than 113.687 million VPB shares, equivalent to 4.63 percent ownership. His wife Hoang Anh Minh holds more than 125 million VPB shares, while his mother Vu Thi Quyen holds more than 120.7 million VPB shares.
Overall, three members of VPBank Chair’s family hold more than 359.4 million shares of VPBank, equivalent to 7.278 trillion dong.
Dung’s partner vice Chair Bui Hai Quan was born in 1968. Quan and his wife Kim Ngoc Cam Ly are major shareholders of VPBank with more than 165.225 million shares, equivalent to 3.346 trillion dong.
In similar position with Quan VPBank’s vice Chair Lo Bang Giang and his relatives are also holding a large amount of controlling shares at VPBank. In particular, Giang (born in 1972, Master of Kiev Economics Aviation University Ukraina) only holds more than three million shares, equivalent to 0.12 percent of ownership, but his mother Ly Thu Ha, his wife Nguyen Thu Thuy and his sister Lo Hai Yen Ngoc are holding a significant amount of shares of more than 111 million shares.
Overall, Lo Bang Giang’s family is holding more than 114.36 million VPB shares, equivalent to 2.315 trillion dong.
In addition, among the powerful families in the banking sector, Dang Khac Vy’s family is also a typical case. Vy is the BOD Chair of Vietnam International Commercial Joint Stock Bank (VIB). Vy was born in 1968, he graduated from Moscow Geological Exploration University Russia. He, his wife Tran Thi Thao Hien and his son Dang Quang Tuan are holding 15 percent of VIB stake.
Specifically, with more than 117.5 million VIB shares, three members of Vy’s family are owning an asset worth 2.256 trillion dong.
VIB’s BOD also has individuals holding a large amount of shares worth hundreds of billions of dong, such as the bank’s vice Chair Dang Van Son, and member of the BOD Do Xuan Hoang. These bankers share a common point, which is that they used to study and work in Eastern European countries.
