VietNamNet Bridge - The nine biggest investors in the Vietnamese stock market hold shares worth more than $1 billion, according to CafeF. In August 2016, CafeF reported that eight institutions and individuals were holding listed shares valued at $1 billion and more. These included one individual, two ministries, two state-owned enterprises and three foreign investors. They were the State Bank of Vietnam (SBV), PetroVietnam, the State Capital Investment Corporation (SCIC), the Ministry of Finance, Dragon Capital, F&N Dairy Investment, Mizuho Bank, and one individual – Pham Nhat Vuong, president of Vingroup. With the government’s serious measures to encourage enterprises to list shares on the bourse, the club of billion-dollar investors in the stock market has had new members – two ministries and one individual. The nine biggest investors in the Vietnamese stock market hold shares worth more than $1 billion On November 21, nearly 2.17 billion ACV shares of the … [Read more...] about Industry & Trade Ministry joins club of billion-dollar investors in stock market
Trillion dollar club
Multi-million-dollar resort booming in Vietnam
Due to large-scale investments of big players, series of luxury resort real estate projects were consecutively brought into the market only in a short time. The offering event about luxury resort projects of Sun Group in Singapore last month attracted the interest of not only the inhabitants but also the investors there. The group’s resorts include Premier Village Phu Quoc Resort, Premier Village Danang Resort and InterContinental Danang Sun Pensinsula Resort. Meanwhile, Vinpearl Resort & Villas of Vingroup is currently offering its villas at the cost of over $1 million each in Danang, Khanh Hoa and Phu Quoc. At the end of 2015, Eurowindow announced its investment of more than VND2 trillion (nearly $100 million) to construct two 5-star resorts on a 35-hectares site - Mövenpick Cam Ranh Resort (24ha) and Radisson Blu Cam Ranh Resort (more than 11ha) on Bai Dai coast in the central province of Khanh Hoa’s Cam Ranh bay. Mövenpick Cam Ranh Resort is a … [Read more...] about Multi-million-dollar resort booming in Vietnam
Vietnamese businessmen who cherish ‘billion-dollar dream’
VietNamNet Bridge - A lot of Vietnamese businessmen nurture plans to ‘do big business’. Some of them have succeeded, while others have tasted failure, but they do not give up, still awaiting new opportunities. Hoa Phat Group, owned by Tran Dinh Long, one of the best known businessmen, is expected to havev good news to tell shareholders at the upcoming meeting. This year’s shareholders’ meeting is believed to be quite different from the last year’s dull meeting. Hoa Phat gained revenue growth rate of 8 percent compared with 2014 amid massive imports of Chinese low-cost steel products which caused many other steel manufacturers to suffer. With revenue of VND28 trillion, or $1.25 billion, Hoa Phat is listed among the limited number of companies with revenue of over $1 billion. Hoa Phat gained revenue growth rate of 8 percent compared with 2014 amid massive imports of Chinese low-cost steel products which caused many other steel manufacturers to suffer. … [Read more...] about Vietnamese businessmen who cherish ‘billion-dollar dream’
Vietnamese billionaire lost VND3 trillion while missing Arsenal deal
VietNamNet Bridge - Doan Nguyen Duc, a well-known Vietnamese billionaire, the owner of the Hoang Anh Gia Lai Group, could have pocketed the profit of $152 million, or VND3 trillion, if he successfully have bought 20 percent of stakes at Arsenal football club. In early 2008, a series of well-known newspapers in the UK reported that an Asian tycoon, the Vietnamese businessman Doan Nguyen Duc, attempted to buy 20 percent of stakes of Arsenal, worth $200 million. Duc then also said on local newspapers that he had hired consultants to carry out due diligence over Arsenal's books for consideration, if the deal was feasible. The breaking news appeared on the British newspapers just two days after the Russian billionaire Alisher Usmanov increased his ownership ratio in Arsenal to 24 percent. At that time, Duc was a great pride for Vietnamese, because this was, for the first time, a Vietnamese billionaire was ranked with the world's billionaires. Earlier this year, Sunday Times reported … [Read more...] about Vietnamese billionaire lost VND3 trillion while missing Arsenal deal
Some pocket billions dong, others lose millions of dollars on foreign celebrities
VietNamNet Bridge - The presence of foreign celebrities in Vietnam brought big money to some businessmen and helped them polish their businesses' images. However, cooperating with the "stars" is always a very costly, and sometimes costly, game.Vietnamesebusinesses pocket big money from Arsenal's tourCelebrities fill up businessmen's pockets with money HAG prices have increased by VND2.100 per share so far, from VND20,300 to VND22,400 per share, or 10 percent, by the end of July 16 trading session. Holding 310 million HAG, the total stock assets of Hoang Anh Gia Lai's President Doan Nguyen Duc have increased by VND650 billion. HAG prices still increased sharply, though the group did not release any noteworthy information about its business performance. This gave investors one more reason to believe that the "Arsenal effect" had positive influences to HAG prices. Prior to that, the event that President of Hoa Sen Group Le Phuoc Vu invited Nick Vujicic, an Australian motivational … [Read more...] about Some pocket billions dong, others lose millions of dollars on foreign celebrities