Vietnamese on global lists of super-rich

Who are the super-rich?

VietNamNet Bridge – Official statistics show that Vietnam has two dollar billionaires and hundreds of super-rich, but the actual figure is believed to be higher if it includes the hidden billionaires. The number of super-rich Vietnamese people has been increasing rapidly despite the economic recession. The latest "Billionaire Census 2014" by Wealth-X and UBS showed that Vietnam was among 14 Asian countries with dollar billionaires. In 2014, the number of dollar billionaires increased to two with total assets of $3 billion. The report did not show the names of the two billionaires. However, one of them is assumed to be Pham Nhat Vuong, chair of Vingroup, who was named in Forbes’ list of billionaires. Vuong is reported to have assets worth $1.6 billion, ranking 1,149th on the list of the world’s billionaires. The other billionaire remains unknown. However, names have been mentioned, including Nguyen Thi Nga from BRG Group and SeABank, Vu Van Tien from Geleximco, Dao … [Read more...]

T&T win maiden trophy at U21 football

Ha Noi T&T's U21 football team yesterday defeated Vinh Long 2-0 in the final at Lach Tray Stadium in Hai Phong City to win the U21 football championship for the first time.— File Photo

HA NOI (VNS)- Ha Noi T&T's U21 football team yesterday defeated Vinh Long 2-0 in the final at Lach Tray Stadium in Hai Phong City to win the U21 football championship for the first time. Minh Hai scored the opening goal in the last minute of the first half and Van Thanh sealed the game for the Ha Noi-based team as in the second half he successfully converted a penalty after Van Tam was fouled in the box. Song Lam Nghe An and Hai Phong shared third place. Tran Dinh Truong, who is also the best scorer with three goals, was named the best player of the tournament, while the best goalkeeper title was awarded to Nguyen Van Cong of T&T. The annual tournament is organised by Thanh Nien (Young People) newspaper with the participation of eight teams from across the country. -- VNS … [Read more...]

Hanoi T&T claim national U-21 title

Hanoi T&T celebrate their win

Nhan Dan Online - A convincing 2-0 victory over Vinh Long on October 6 lifted Hanoi T&T to their first-ever title at the 2013 Thanh Nien (Youth) Newspaper National U-21 Football Championships.>> Thanh Nien Newspaper U-21 Football Championships opens in Hai Phong Hanoi T&T played offensively from the start, launching fierce waves of attacks towards the Vinh Long goal, but failed to convert their chances. It was not until first-half stoppage time that Minh Hai put Hanoi T&T in front with a powerful strike fired from outside the penalty box. The 1-0 advantage inspired the Hanoi men to play comfortably for the remainder of the match. In the 59th minute, Hanoi T&T were awarded a penalty after Van Tam was brought down in the box. Van Thanh doubled the lead with a perfect penalty kick, sealing a 2-0 win for his team. As champions, Hanoi T&T walked away with VND250 million (US$11,750) in prize money, while runners-up Vinh Long received VND120 million … [Read more...]

Famous overseas Vietnamese

famous-overseas-vietnamese-768176-20121127122508-1-100x100

VietNamNet Bridge - They are Vietnamese who have settled and attained great success overseas to become millionaires or billionaires. They are considered the most successful Vietnamese in the world. They are proud to be Vietnamese and always willing to help the Vietnamese expatriates. Tran Dinh Truong (1932-2012) is considered the world's richest Vietnamese with assets of about US$1.2 billion. Truong started hotel business in New York City, with Opera and Carter hotels (near Times Square and Lafayette Hotel in Buffalo, New York.) … [Read more...]

Public comments on National Assembly Q and A session

(VOVworld)-Voters nationwide are closely following developments in the National Assembly Q and A session which is broadcast live on TV and radio. Many agreed on answers by some ministers while others are not satisfied with their unclear accountability. Voter Nguyen Manh Yen from Lao Cai province: "People in remote and mountainous areas are facing more difficulties. Adjustment of gasoline price must take into account development levels among regions."Voter Tran Dinh Truong from Da Nang City calls for more drastic measures to resolve non performing loans:"The governor should take the lead in the transparent banking system to supervise the industry. Monetary policy difficulties must be addressed throughout the banking sector, the State Bank and its branches." … [Read more...]

The richest Vietnamese overseas

the-richest-vietnamese-overseas-565507-chinh-20chu-100x100

(VOV) - More and more Vietnamese are doing business overseas and many of them have become US dollar multi-millionaires. 1. Tran Dinh Truong-Vietnamese billionaire in America Born in Ha Tinh province businessman Tran Dinh Truong currently possesses assets worth nearly US$1 billion, including a number of luxury hotels in New York, most notably the Carter Hotel in Times Square. Truong was first involved in maritime transport for a long time and owned numerous fleets including the Truong Xuan, Truong Thanh, Bong Hong 9, Sao Mai, Patrich, Truong Vinh, Truong Hai and Truong Sinh shipping companies. He later began his hotel business in New York with the Opera, Carter and Lafayette Hotels. Although he is always up to his eyes in work, he is still a benefactor of charity projects and tries to help Vietnamese people living in America. In 2004, he was honored with the Golden Torch Award in Washington D.C. Unfortunately, Truong died in May 2012, without seeing his trade centre in … [Read more...]

Media in search of the richest in Vietnam

media-in-search-of-the-richest-in-vietnam-706186-chungkhoan-128-06-100x100

As the Lunar New Year 2007 approaches - the first year Vietnam has entered the WTO, local media has gone to great lengths to find out who is the richest person in Vietnam. Following are some candidates. Local Dai Doan Ket newspaper early this month listed the richest Vietnamese nationals living in Vietnam into two groups: those earning their fortune through stocks and those getting rich through other means. Leading the first group, which does not count land and other incalculables, is Truong Gia Binh, president cum director of FPT, a giant telecom company. … [Read more...]

President Truong Tan Sang visited and worked in Laos

President Truong Tan Sang and Lao Party General Secretary, State President Chummaly Sayasone inaugurate Attapeu International Airport. Photo: Vietnam News Agency

At the invitation of the General Secretary of the Central Committee of the People’s Revolutionary Party of Laos, President of the People’s Democratic Republic of Laos Chummaly Sayasone, President of the Socialist Republic of Viet Nam Truong Tan Sang paid a high-level visit to Laos and attended the inauguration of Attapeu International Airport on 30 May, 2015. Members of the delegation also included Mr. Nguyen Xuan Phuc, member of the Politburo, Deputy Prime Minister of the Socialist Republic of Viet Nam, Chairman of the Viet Nam-Laos Cooperation Sub-Committee. Attapeu International Airport is one of the key build-transfer project in southern Laos with a total investment of US$ 36 million with funding from Viet Nam’s Hoang Anh Gia Lai Group and built by the Lao Government from May 2013 to May 2015. The airport is a key project of great political and socio-economic significance, a transport, economic, political, and national defense connection between Viet Nam and … [Read more...]

PM ends Myanmar visit on high note

NAY PYI TAW (VNS) — Initiatives by Prime Minister Nguyen Tan Dung at the seventh Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit and the sixth Ayeyawady-Chao Phraya-Mekong Economic Co-operation Strategy (ACMECS) Summit were welcomed by member states. During the CLMV Summit, the Vietnamese PM and leaders of Cambodia, Laos and Myanmar reiterated their commitment to foster the traditional relationship, neighbourliness and co-operation for mutual interest. Reviewing the progress of their two-year co-ordination, they adopted an action plan in economics and trade to facilitate trade and investment. Participating countries will spread the one-stop-shop inspection model at international border gates, utilise the potential of trans-national economic corridors such as the East-West Economic Corridor and the southern economic corridor, while developing policies to encourage investment in agriculture, industry and energy. The PM once again reiterated the Vietnamese Government's commitments … [Read more...]

Review of Doan Nguyen Duc’s huge assets in Laos

1694498-20150620142337-5

VietNamNet Bridge – The Hoang Anh Gia Lai Group is now the biggest Vietnamese investor in Laos. The following is a review of the company’s brand building and its current assets in Laos.Rubber farms In 2008, when the real estate market was still "hot", HAGL Group’s boss Doan Nguyen Duc began investing in planting rubber in Attapeu, which is seen as the ideal land for developing rubber farms. With the help of Thai scientists and Israeli modern irrigation technology, just four years later, 3,000 hectares of rubber of Hoang Anh Attapeu Company yielded the first tons of latex. Duc has 25,000 hectares of rubber, which can yield 100,000 tons of latex per year, bringing in revenue of $300 million a year and creating 15,000 permanent jobs for local people. In 2013, HAGL Group inaugurated a rubber processing factory with total investment of $9 million, using modern technological lines, with a capacity of 25,000 tons/year. Cow raising In October 2014, Duc began … [Read more...]

PM Nguyen Tan Dung cheers Vietnamese investors in Myanmar

1694433-avatar

PM Nguyen Tan Dung at the 7th Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit (Photo:VNA) Prime Minister Nguyen Tan Dung attended a ceremony on June 23 to mark the completion of the first phase of construction of the Hoang Anh Gia Lai Myanmar Centre in Myanmar during his visit to the country to attend the 7 th Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit and the 6th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit . The PM also participated in a similar event on the same day to inaugurate activities of the financial and insurance companies of the Bank for Investment and Development of Vietnam (BIDV) in Myanmar. He praised the Association of Vietnamese Investors to Myanmar (AVIM), BIDV and the Hoang Anh Gia Lai Group for their efforts to promote trade and investment activities in Myanmar, saying positive business results reaped by Vietnamese firms in the country contributed practically to the bilateral relations. While highlighting the potential for the two … [Read more...]

Vietnam sees increase in indirect investment

The US investment group Global Emerging Markets (GEM) is seeking opportunities to invest in Vietnam to take advantage of the country’s growth potential thanks to its young population, said Chris Brown, GEM President. Brown held that with a large and young population, the 90 million-strong Vietnamese market has abundant development potential and plentiful investment opportunities. Earlier this month, GEM successfully posted nearly 20 million exchange stocks between the US Mass Noble Investments Limited and Vietnam’s Duc Long Gia Lai Group (DLG) with a price of 12,500 VND (0.57 USD) per share and a rate of 1:1.4, said Brown. With this transaction, the DLG has become the first firm to buy a foreign company through exchanging stocks, officially owning Mass Noble and the ANSEN factory in China . So far, GEM has announced investments in four Vietnamese firms, including the FLC Group, Hoang Huy Group, Duc Long Gia Lai Group and Hoang Anh Gia Lai Group. According to … [Read more...]

PM Nguyen Tan Dung praises Vietnamese investors in Myanmar

1694610-3e138785cff25086c538ae534f150e2b-l

PM Nguyen Tan Dung speaking at a ceremony to mark the completion of the first phase of construction of the Hoang Anh Gia Lai Myanmar Centre in Myanmar (Photo: VNA) NDO/ VNA- Prime Minister Nguyen Tan Dung attended a ceremony on June 23 to mark the completion of the first phase of construction of the Hoang Anh Gia Lai Myanmar Centre in Myanmar during his visit to the country to attend the 7th Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit and the 6th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit. The PM also participated in a similar event on the same day to inaugurate activities of the financial and insurance companies of the Bank for Investment and Development of Vietnam (BIDV) in Myanmar. He praised the Association of Vietnamese Investors to Myanmar (AVIM), BIDV and the Hoang Anh Gia Lai Group for their efforts to promote trade and investment activities in Myanmar, saying positive business results obtained by Vietnamese firms in the country contributed … [Read more...]

Farm produce sales discourage potential investors

1693818-20150618071036-nuoi-bo-sua-xojx

VietNamNet Bridge - The agriculture industry has lost its luster among industrial manufacturers and service providers. Tycoons are quietly withdrawing money from agriculture projects, just several years after pouring big money into the sector. Gemadept’s board of directors, for example, has submitted to the company’s shareholders a plan to disinvest from the projects in non-core business fields. The company, established as a shipping firm, plans to sell all the rubber, industrial crops and real estate projects once the shares can go for good prices. A senior executive of the company said rubber trees have cost too much, and rubber is not the company’s core business field. Just a few years ago, Do Van Minh, Gemadept’s CEO, said that growing rubber was the way the company could grow rapidly. Gemadept’s rubber project in Cambodia is still running well and has brought some initial benefits. The company in 2013 got a certificate on the land use … [Read more...]

Minister grilled over agricultural woes

Minister of Agriculture and Rural Development Cao Duc Phat fields queries posed by NA deputies at the legislative body’s ask-and-answer session in Hanoi Thursday - PHOTO: NATIONAL ASSEMBLY

Thuy Dung Deputy Nguyen Van Tuyet of Ba Ria-Vung Tau Province stressed the importance of combining efforts of Government agencies, scientists, farmers and businesses to ensure sustainable development of the sector. However, this goal has not has not been realized and farmers are still grappling with many challenges in selling their products though the Prime Minister issued a relevant decision more than 10 years ago. Deputy Nguyen Thi Kim Be of Kien Giang Province shared Tuyet’s view, saying that farmers in the Mekong Delta have suffered losses from sweet potato, shrimp ad tra fish farming. She attributed these losses partly to the inefficient implementation of Decision 80/2002/QD-TTg. Minister Phat admitted the reality, saying the ministry last year deployed a program to cement cooperation among Government agencies, scientists, farmers and businesses for rice production and more than 100 enterprises pledged to help farmers with farming support and consumption of rice … [Read more...]

Vietnam’s “chaebols”: The female general of Nam Cuong Group

Mrs. Le Thi Thuy Nga and her daughter Tran Thi Quynh Ngoc.

VietNamNet Bridge - Perhaps among the family groups in Vietnam, Nam Cuong, a big real estate firm, is the most typical case of the "family factor". Related news Vietnamese "chaebols": Tu Huong ‘Empire' and Nam A BankVietnam’s "chaebols": The rich and mysterious family of VingroupVietnam’s chaebols: The power of femininity at Quoc Cuong Gia LaiVietnam’s "chaebols": King of 'Acquisition' Tram Be Holding the most important positions in Nam Cuong, Mrs. Le Thi Thuy Nga and her daughter Tran Thi Quynh Ngoc, own up to 99.97% shares of this corporation. In 2010, after her husband - Tran Van Cuong - died, Nga officially took over the Chairmanship. The woman, together with her son and daughters, has developed Nam Cuong Group. Nga is known as a famous businesswoman in the real estate business. According to the business certificate dated October 23, 2012, the charter capital of Nam Cuong Group reached VND4.500 billion. Nga alone owned shares worth approximately … [Read more...]

Vietnam’s “chaebols”: The rich and mysterious family of Vingroup

Pham Thu Huong and Pham Thuy Hang have never appeared publicly. Information and images of these women remain a secret.

VietNamNet Bridge - Holding the most important posts in Vingroup, the family of Pham Nhat Vuong is currently the richest on the Vietnam Stock Exchange. Related news Vietnamese "chaebols": Tu Huong ‘Empire' and Nam A Bank Vuong is the richest man in Vietnam, but there is little information about his private life and his family. Currently, Vuong is the Chairman of Vingroup while his wife, Pham Thu Huong, and Huong’s younger sister, Pham Thuy Hang, are Vice Chairs. As of October 2014, Vuong owned 423 million shares of Vingroup, equivalent to VND20.4 trillion (29.8%). On the list of the 10 richest people in the Vietnam Stock Exchange in 2014, Vuong ranked first and the gap between him and others in the list was very wide. The second and third richest men, Doan Nguyen Duc (Chairman of Hoang Anh Gia Lai Group) and Tran Dinh Long (Chairman of Hoa Phat Group), had VND7.781 billion and VND6,101 billion, respectively. Vuong is currently the only Vietnamese dollar billionaire in … [Read more...]

New pact expected to raise Vietnam-Laos trade to 2 billion USD

Vietnamese State President Truong Tan Sang (left) and former State President of Laos Khamtay Siphandone.

The signing of a new trade agreement between Vietnam and Laos is expected to raise the bilateral trade to 2 billion USD in 2015, heard a working session between Vietnamese State President Truong Tan Sang and Lao Party General Secretary and State President Choummaly Sayasone in Vientiane on May 30. >> Laos inaugurates Attapeu International Airport The two leaders expressed their pleasure at the sound traditional, special friendship, solidarity and comprehensive cooperation between the two Parties, States and peoples across the fields, particularly in the economy, with two-way trade increasing 24.5 percent to 1.4 billion USD last year. Vietnam is currently one of the biggest investors in Laos with the total investment of 5.22 billion USD. Vietnamese businesses have helped Laos increase labour productivity, State budget, and promote social welfare. The two sides agreed to implement effectively the high-level agreements reached and build on the outcomes of the 37th session of the … [Read more...]

New pact expected to raise Vietnam-Laos trade to USD2 billion

President Truong Tan Sang speaks at the inauguration ceremony of Laos's Attapeu International Airport on May 30th (Photo: VNA)

The signing of a new trade agreement between Vietnam and Laos is expected to raise the bilateral trade to USD2 billion in 2015, heard a working session between Vietnamese State President Truong Tan Sang and Lao Party General Secretary and State President Choummaly Sayasone in Vientiane on May 30th. The two leaders expressed their pleasure at the sound traditional, special friendship, solidarity and comprehensive cooperation between the two Parties, States and peoples across the fields, particularly in the economy, with two-way trade increasing 24.5 percent to USD1.4 billion last year. Vietnam is currently one of the biggest investors in Laos with the total investment of USD5.22 billion. Vietnamese businesses have helped Laos increase labour productivity, State budget, and promote social welfare. The two sides agreed to implement effectively the high-level agreements reached and build on the outcomes of the 37th session of the Vietnam-Laos inter-governmental committee such as … [Read more...]

New pact expected to raise Vietnam-Laos trade to US$2 bln

The signing of a new trade agreement between Vietnam and Laos is expected to raise the bilateral trade to US$2 billion in 2015, heard a working session between Vietnamese State President Truong Tan Sang and Lao Party General Secretary and State President Choummaly Sayasone in Vientiane on May 30. The two leaders expressed their pleasure at the sound traditional, special friendship, solidarity and comprehensive cooperation between the two Parties, States and peoples across the fields, particularly in the economy, with two-way trade increasing 24.5% to US$1.4 billion last year. Vietnam is currently one of the biggest investors in Laos with the total investment of US$5.22 billion. Vietnamese businesses have helped Laos increase labour productivity, State budget, and promote social welfare. The two sides agreed to implement effectively the high-level agreements reached and build on the outcomes of the 37th session of the Vietnam-Laos inter-governmental committee such as increasing … [Read more...]