Economy
![]() |
| Trần Đình Long, founder of steelmaker Hòa Phát Group, has been knocked off the Forbes list of the world’s billionaires. — Photo cafef.vn |
Long was included in Forbes list of the world’s billionaires in March when shares in Hòa Phát peaked at VNĐ48,000 ($2.1) per share. At that time, Long had a net worth $1.3 billion.
Since then, shares have fallen to VNĐ34,000 as of December 3.
Long founded Hòa Phát in 1992 in Hà Nội as an equipment and parts distributor. Hòa Phát is now the biggest steelmaker in Việt Nam and make office equipment, steel pipes and construction steel. — VNS