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Pham Nhat Vuong

Millionaire population surges in communist Vietnam

The number of extremely wealthy individuals in Vietnam has grown 14.7 per cent in 2013 over 2012, the second fastest growth rate in Southeast...

At first glance, private equity investors’ fascination with Vietnam makes no sense. Yet, in the fluid reality that global capital markets thrive, Vietnam’s brand of slow restructuring is just the kind of environment speculative investors draw beelines to.

A Vietnamese businessman has joined the 2013 Forbes list of global billionaires as the first ever representative of his country. Pham Nhat Vuong (44), majority...