Executives at Vingroup, chaired by Southeast Asia’s richest man Pham Nhat Vuong, earn up to $100,000 a month
Executives at conglomerate Vingroup and its associated companies earned up to VND2.6 billion (US$100,000) a month in the first half of this year as the group increased its compensation budget.
Vingroup's executives, led by the conglomerate's founder Pham Nhat Vuong, received substantial pay during the first half of the year, with some earning up to $100,000 a month. CEO Nguyen Viet Quang topped the list, earning VND2.6 billion monthly, a 60% increase year-on-year. Following him was Nguyen Thu Hang, CEO of Vinhomes, the country's leading property developer, who earned VND1.8 billion monthly, a 41% rise from the previous year.
Other high earners included Ngo Thi Huong, CEO of Vinpearl, and Pham Thi Thu Hien, former CEO of Vincom Retail. Vuong, the conglomerate's chairman, did not receive a salary, but his net worth, valued at $36.6 billion, made him Southeast Asia's richest person and the world's 60th richest. Vingroup's total spending on senior executives' pay and bonuses grew by nearly 50% year-on-year, reaching nearly VND60 billion, while the company's revenue surged by 72% year-on-year to VND221.92 trillion, and post-tax profit doubled to VND20.9 trillion.
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