Nhi, 23, and Hoang, 25, held an engagement ceremony in her hometown, Thanh Hoa City, on Wednesday. The event featured tight security with a team of bodyguards.

Hoang is currently the head of an automobile company. His father, Pham Nhat Vuong, has a net worth of $4.1 billion as of Jan. 16, according to Forbes. The couple is reported to have known each other for a long time.