Many giants on the stock exchange saw a drastic fall in stock prices in 2022, with losses amounting to more than US$11 billion. This sharp correction of the stock market last year also caused huge losses for several retail investors as well.
The Ministry of Public Security is investigating nine people in seven cities and provinces for spreading rumors saying Pham Nhat Vuong, Chairman of Vingroup, a private conglomerate, had been banned from traveling abroad.
The world’s wealthiest are taking in response to the Coronavirus pandemic; for instance, billionaires such as Jeff Bezos, Bill Gates and Elon Musk are donating millions. Vietnamese billionaires also joined hand in the battle against Covid-19.