Vietnamese tycoons lost over $85 millions this morning The stock market fell sharply this morning may be due to the psychological impact of information on the East Sea conflict. The session saw the biggest decline since 2001. The VN-Index lost more than 32 points while the HNX- Index lost 4.9 points.   The assets of the richest on the Vietnamese stock exchanges including Pham Nhat Vuong, Doan Nguyen Duc, Dang Thanh Tam, Ha Van Tham and Le Phuoc Vu fell about VND1.8 trillion ($85.7 million) on Thursday morning. Loosing over 30 points just in the morning session on May 8, the Ho Chi Minh Stock Exchange index had the worst decline in its 14 years of operation. Most stock codes hit the floor, causing the fall in value of shares held by the richest people in the Vietnamese stock exchanges by $85.7 million after only three hours. The shares of Vingroup lost VND2,500/share compared with the closing price of the previous session. The assets value of the three largest shareholders – Chairman Pham Nhat Vuong, and the two board members Ms. Pham Thu Huong and Ms. Pham Thuy Hang – therefore reduced by nearly VND1 trillion ($47.6 million). Vuong, the first USD billionaire of Vietnam (according to Forbes), lost VND710 billion (about $34 million) just in the morning. Compared with his assets published by Forbes on March 4, Vuong’s assets value (only shares) decreased by VND4.2 trillion, equivalent to about $200 million. Although the price for Hoang Anh Gia Lai Group shares fell only VND1,700/share, with up to 311.6 million units, the value of assets on the stock exchanges of the group’s Chairman Doan Nguyen Duc lost about VND530 billion ($25 million) after the end of the Thursday morning session. Meanwhile, Hoa Phat Group Chair Tran Dinh Long and his wife lost VND400 billion ($20 million) worth of stocks. MSN was in the top three falling shares, with only 15.7 million shares but the property of Mr. Ho Hung Anh, Vice President of MSN, reduced by nearly VND100 billion ($5 million). Several other tycoons who were in the same situation are Mr. Dang Thanh Tam, Chairman of the Tan Tao Group, Chairman of Hoa Sen Steel Group Le Phuoc Vu and the boss of the Ocean Group Ha Van Tham. Chairman of the State Securities Commission - Mr. Vu Bang – says that the most important thing now is the investors should calm down. The State Securities Commission immediately released an announcement, calling the investors to keep calm and be watchful against rumors. The commission said that it would closely monitor unusual transactions. S. Tung, VietNamNet Bridge