Four Vietnamese entrepreneurs have been named in the list of the world’s richest people in 2020 by Forbes magazine.

Here’s a brief insight into a number of successful local businessmen and businesswomen who were born in 1960, the Year of the Rat.

Truong Hai Auto Corporation (THACO) is continuing buying into Hoang Anh Gia Lai Agrico, with chairman Tran Ba Duong more than doubling his ownership in the company.

VietNamNet Bridge - The government needs to continue its efforts to reform the business environment in order to have more billionaires, experts say. 

Together with Pham Nhat Vuong, four other businesspeople who head powerful conglomerates in important business fields are expected to make influential contributions to the Vietnam economy in the future.

VietNamNet Bridge - Forbes has recognized two Vietnamese dollar billionaires, while Knight Frank’s 2016 report says Vietnam has 14,300 millionaires with assets of over $1 million.

Tran Ba Duong, a big shareholder of Thaco, a manufacturer, the largest privately run conglomerate, could be on a par with Pham Nhat Vuong and Trinh Van Quyet, the richest billionaires, if Thaco shares are listed on the bourse.