Self-made billionaire Bob Parsons endured an extremely deprived childhood due to his family’s financial difficulties. He had to shoulder financial burdens from a very early age to help his parents and to make ends meet. Talking about those days, he says, “I have earned everything I have ever received. Very little was given to me. I have been working for as long as I can remember. Whether it was delivering or selling newspapers, pumping gas, working in construction or in a factory, I have always been making my own money.” As long as that job made money, he was willing to do it no matter how low he was paid, Parsons told audiences at the 2017 Asia Pacific Golf Summit (APGS) in Danang, Vietnam. Due to mounting difficulties, after nearly flunking out of high school, he joined the U.S. Marine Corps during the Vietnam War, where he received the Combat Action Ribbon, Vietnamese Cross of Gallantry and a Purple Heart Medal. Thanks to the Marines, he could come back to continue … [Read more...] about The story of a self made billionaire
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BUSINESS NEWS IN BRIEF 20/10
TH Group imports 1,800 more dairy cows from US Vietnamese dairy firm TH True Milk (TH Group) on October 14 received nearly 1,800 dairy cows of 3 or 5-month pregnancy which were inseminated through embryo transfer from US’ high-yield dairy cow Holstein Friesian. This is the largest herd of cows that TH has imported from the US so far. The group’s husbandry experts carefully examined standards related to origin, genealogy, genetic potential, appearance, physical strength, potential for milk production and ability to fight diseases in the tropical region. All individuals in the herd weigh 400-500 kg and are expected to produce 12,000 litres per head each 305 days on average. Milk production from these cows will begin in January 2019. According to Tal Cohen, General Director of the TH Milk Food Joint Stock Company - the management unit of the TH dairy cow farm, TH Group imported 1,300 dairy cows from the US in April 2017 for the first time. It also imported … [Read more...] about BUSINESS NEWS IN BRIEF 20/10
Encouragement from VIR’s partners
Encouragement from VIR’s partners Pereric Hogberg - Swedish Ambassador to Vietnam I met with so many impressive journalists in Vietnam. I think the best thing journalists can do is to try to listen to the real stories, to be open-minded and curious. It is about transparency, openness, curiosity, and being willing to write and discuss failures and challenges, because they are not the same as mistakes. My country, Sweden, has gone through so many failures, but we learned from them. I am most interested in real knowledge. Sometimes, I want to understand more about the fundamentals of the Vietnamese economy, what is really pushing and driving the value of the currency, inflation, and taxes. In Vietnam, it is a bit hard to know who is paying, who is paying what, and what the services are. Phyllis Tan - Senior manager, Investment List Sotheby’s Investment International Realty, Singapore As a foreign company looking to enter Vietnam, we are happy to have access to regular and … [Read more...] about Encouragement from VIR’s partners
BUSINESS NEWS IN BRIEF 24/8
20th edition of Vietfish expo opens in HCM City The country’s premier fisheries expo, the Viet Nam Fisheries International Exhibition, returns to HCM City 30 per cent larger than when it debuted in 2008.The event, hosted by the Viet Nam Association of Seafood Exporters and Producers (VASEP), opened on August 22 at the Sai Gon Exhibition and Convention Centre in District 7.In its 20th edition this year, the annual event, with the theme “Asia’s Home of Seafood”, has attracted 233 exhibitors from 14 countries and territories.The organisers said the exhibition this year has been expanded by nearly 200sq.m from last year with 7 per cent more exhibitors.Vietnamese companies are once more showing off their potential as leading fisheries exporters.Some 66 per cent of the exhibitors are domestic, organisers said.Of the participants, 55 per cent are in aquaculture and services while the remaining 45 per cent sell machinery and equipment, chemicals, … [Read more...] about BUSINESS NEWS IN BRIEF 24/8
BUSINESS NEWS IN BRIEF 17/8
Masan takes full ownership of tungsten processing facility Masan Resources Corporation (UPCoM: MSR), one of the world’s largest integrated industrial tungsten mineral and chemical producers, announced that Nui Phao Mining Company Ltd. (NPMC), a wholly-owned subsidiary of the company, has acquired H.C.Starck GmBH’s (HCS) 49 per cent stake in Nui Phao-H.C.Starck Tungsten Chemicals Manufacturing LLC (NHTCM) for the total cash consideration of $29.1 million, and now owns 100 per cent of this company. NHTCM, previously a joint venture between NPMC and HCS, was established in 2013 and is a leading producer and global supplier of tungsten chemicals (ammonium paratungstate [APT], blue tungsten oxide [BTO], and yellow tungsten oxide [YTO]). NHTCM processes tungsten concentrate (TC), the main product of NPMC, into higher value-added tungsten products. In consideration of NHTCM’s contribution to the development of Vietnam’s high-tech industries, the Vietnamese Ministry of … [Read more...] about BUSINESS NEWS IN BRIEF 17/8