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Beginning in the garment industry as 95 percent of the Vietnamese community in Brazil has, he has emerged as one of the richest men in the South American nation with an annual turnover of US$30 million. He miraculously escaped death after surviving an operation to remove five bullets from his body, including his head, over two decades ago. He is Thai Quang Nghia, 56, owner of the Gooc company based in Sao Mateus District, 20km from the center of Sao Paulo City, that specializes in producing handbags, backpacks, wallets, shoes, and clothes. He is the first millionaire of the Vietnamese community in Brazil, despite having grown up in the slums of Rocinha in Rio de Janeiro. He is respected in the local community, not only for his assets but also his strong will to establish his fortune. The Vietnamese millionaire in Brazil In 2009, he spent 1.2 Brazilian Real or $542,000 to hire legendary football ‘king’ Pele to advertise recycled sandals in local media. “Before, … [Read more...] about Meet the Vietnamese in Brazil who earns $30mn annually

The investors  The Ministry of Industry & Trade (MOIT) has confirmed that Geleximco – Hong Kong United (HUI) has asked for permission to build a thermal power plant under the PPP (private-public partnership) mode. Geleximco has proposed two thermal power projects so far. In mid-2017, Geleximco and Chinese Sunshine Kaidi asked for the Prime Minister’s nod on the development of five thermal power plants, including Quynh Lap I, Quynh Lap II, Quang Trach I, Quang Trach II and Hai Phong III, under the PPP mode with its capital contribution of 75%-80%. In October 2017, it once again sent a dispatch to the Prime Minister on building of Quynh Lap I and Quang Tri II plants. Regarding the proposed project, MOIT said 80% of capital would be borrowed from commercial banks at the interest rate of 10.86%, and foreign loans at the interest rate of 11.77% per annum.  The investors have committed to starting the project implementation soon after the project is … [Read more...] about Vietnamese investor to build hydropower plant with Chinese capital

Young swimmer Nguyen Huy Hoang aims to shine at the SEA Games in the Philippines. (Photo: tinquangbinh.com) Hanoi (VNS/VNA) - Young Vietnamese swimmer Nguyen Huy Hoang is diving headfirst into new challenges and bringing home gold from the ongoing Southeast Asian (SEA) Games in the Philippines. Hoang, 19, will compete in the men’s 1,500m freestyle and 400m freestyle, with heats for the latter beginning on December 4 and the former a day later. As the hosts, the Philippines eliminated the 800m freestyle event, which is Hoang’s strongest race. “Actually, I feel a little bit of disappointment as I can’t compete in my strong race,” said Hoang. “Although the 400m freestyle is not my forte it is an event belonged to long distance which requires endurance. For me, there is not much difference between 400m and 800m. But I will have more rivals in the 400m. “I have competed in many international events so I know most of the strong rivals in the … [Read more...] about Young Vietnamese swimmer ready to conquer new challenges

Trade Over 100 Chinese home appliances firms visit Vietnam By Le Hoang Wednesday,  Dec 4, 2019,19:20 (GMT+7) Over 100 Chinese home appliances firms visit VietnamBy Le Hoang Visitors inspect Chinese home appliances at the Vietnam International Electrical Appliance Expo 2019 in HCMC on December 4 – PHOTO: LE HOANG HCMC – More than 100 home appliances firms from the Chinese provinces of Zhejiang and Guangdong are taking part in an exposition in HCMC to sound out business opportunities. The Vietnam International Electrical Appliance Expo 2019, as part of the 2019 Vietnam International Trade Fair (Vietnam Expo), is being held by Drez Exhibition, HC Group and Vietnam National Trade Fair and Advertising Company (Vinexad) at the Saigon Exhibition and Convention Center (SECC) in District 7, HCMC. The three-day event is expected to wrap up this Saturday, December 7. One of the organizers, Vinexad, said that the … [Read more...] about Over 100 Chinese home appliances firms visit Vietnam

Over 1.12 billion USD mobilised from G-bond auctions on HNX The Hanoi Stock Exchange (HNX) held 25 auctions in November, mobilising over 26 trillion VND (1.12 billion USD) worth of G-bonds, up 29 percent from the previous month. Of the amount, 13.7 trillion VND was raised by the State Treasury and the remainder by the Vietnam Development Bank. The interest rates of successfully-bid bonds issued by the State Treasury dropped by 0.01-0.48 percent per year compared to October, with five-year bonds and 20-year bonds experiencing the strongest drop of 0.48 percent and 0.3 percent, respectively. On the secondary G-bond market, trading volume averaged over 10.5 trillion VND per session, a month-on-month increase of 18.6 percent. Meanwhile, transacted volume through repurchasing agreements (repos) accounted for 40.8 percent of the total trading volume, up 1.8 percent from October. Total outright purchases of G-bonds in the month hit over 130.8 trillion VND, rising 5.1 percent against the … [Read more...] about BUSINESS NEWS HEADLINES DEC. 4