After decades in the business world, Mr. "Phu DOJI", Mr. Thuy or Mr. Ho Xuan Nang have all built their own brands and assets worth thousands of billions of dong.
Mr. Do Minh Phu - Chairman of TPBank Board of Directors
Having been involved in the money trading world for more than 10 years, many people still call the Chairman of Tien Phong Bank (TPBank) Mr. "Phu DOJI". Mr. Do Minh Phu was born in 1952 (Nham Thin) in a family of many generations of businessmen.
Mr. Do Minh Phu. Photo: DOJI
However, he once admitted that he was not very lucky in business. Because he entered the gold market or banking at a difficult time, even close to a crisis, instead of being served a "full feast". With gold, DOJI was born in the 2000s when the market already had many big brands with decades of reputation.
As for banking, also in the Year of the Dragon (2012), Mr. Phu joined TienPhongBank (former name of TPBank) - one of the banks listed as "weak", forced to restructure itself. He once compared this decision to throwing himself into a rock because this bank, according to him, at that time had 3 things missing: no standard way to develop a commercial bank, no competent leadership team and no technology.
However, with the experience, qualities of a person who has been in business for decades and his dedication, Mr. "Phu DOJI" has also successfully restructured this bank. Just 5 years after restructuring, TPBank has achieved a profit of over 1,000 billion VND from a loss-making bank. But also in these 5 years, he said he had to make many trade-offs such as never being able to go to bed before midnight, and even having to be hospitalized for a long time. He only spends a third of his time working at the gold company, the rest is mostly devoted to TPBank.
At the end of 2017, he also decided to resign as Chairman of DOJI - the place that created the name and formed the business style to become Chairman of the Board of Directors of TPBank in accordance with the provisions of the amended Law on Credit Institutions. In addition, at that time, he shared with employees at both businesses that there was still much to do with TPBank after a period of experiencing challenges as a banker. In 2022, this bank reached its peak profit with a pre-tax profit of more than VND 9,600 billion. By the end of last year, this bank had 12 million customers.
Meanwhile, DOJI also achieved a profit of more than 1,000 billion VND in 2022. In addition to trading in gold, silver, and precious stones, the group also invested in developing a number of real estate projects. Currently, Mr. Phu's two children have both taken over the business and hold senior leadership roles at the group. Of which, Mr. Do Minh Duc will be the Permanent Vice President of DOJI from September 2023, and Ms. Do Vu Phuong Anh will be the General Director.
Mr. Nguyen Duc Thuy - Chairman of LPBank Board of Directors
Born in 1976 (Binh Thin), Mr. Nguyen Duc Thuy is also an amateur banker and comes from a family with a business tradition. At the end of 2022, Mr. Thuy became Chairman of the Board of Directors of Lien Viet Post Bank (LienVietPostBank), the predecessor of the current LPBank.
In the first year of the new chairman, LPBank earned more than VND 7,000 billion in profit, an increase of 24% compared to 2022. With the strength of owning the leading network nationwide with more than 1,000 transaction points, Mr. Thuy also aims to comprehensively change LPBank in the coming years, becoming the top retail bank in the market.
Mr. Thuy first appeared as Chairman of LPBank's Board of Directors in April 2023. Photo: LPB
Previously, Mr. Thuy was the chairman and leader of many financial, securities, insurance, real estate, construction, energy, cement enterprises... such as Chairman of Thai Group, Thaiholdings Joint Stock Company, Kim Lien Tourism Joint Stock Company, Enclave Phu Quoc Joint Stock Company and Vice Chairman of Xuan Thien Ninh Thuan Solar Power Company, Xuan Thien Dak Lak Solar Power.
The name of this businessman from Ninh Binh is more known in the football field with the name "Bau Thuy". During the period 2011 - 2013, he held the role of Chairman of Saigon Xuan Thanh Football Club. By spending tens of billions of VND to bring stars to the team, at that time, he was considered by experts to be a typical example of the slogan "what money can't buy, buy with a lot of money".
Recently, Mr. Nguyen Duc Thuy seems to have returned to his passion for football when he often appears in the stands of Hang Day Stadium every time the Hanoi Police Club plays. At the end of last year, Mr. Thuy's LPBank also became a comprehensive partner of the HAGL Club. After this agreement, Mr. Duc's team was renamed LPBank - HAGL.
According to Mr. Duc, he decided to find a partner with clear and stable financial capacity to jointly develop the HAGL Club and Academy. In the future, the partner can inherit the team and the academy. In parallel with this move, individuals related to LPBank and Thaigroup also plan to buy 130 million HAGL shares in the upcoming private issuance.
Mr. Ho Xuan Nang - Chairman of the Board of Directors of Phenikaa Group
Born in 1964 (Giap Thin), Mr. Ho Xuan Nang has the qualifications of Associate Professor, Doctor of Mechanical Engineering, Master of Business Administration. He used to be a lecturer at Hanoi University of Science and Technology, then a staff at the Vietnam Agricultural Electromechanical Institute from 1993-1996.
From a researcher, Mr. Nang's career quickly changed direction when he held the role of Production Director of Ford Vietnam - Hai Duong automobile factory, then leadership positions at Vinaconex high-end stone factory (the predecessor of the current Vicostone).
Mr. Ho Xuan Nang (middle) chaired the 2023 annual meeting of Vicostone. Photo: VCS
About 10 years ago, Mr. Nang caused a stir with a rare reverse acquisition deal in the market. In 2014, Vicostone's general meeting of shareholders approved becoming a subsidiary of A&A Green Phoenix Group (Phenikaa) - a new name with no manufacturing plant. The decision was made in the context of Vicostone being threatened with losing market share and operating efficiency when Phenikaa signed a 6-year exclusive contract with Breton on quartz slab production technology.
This means that Vicostone will no longer have the right to invest in purchasing equipment from this company and will no longer have the ability to grow. However, at the end of 2014, Mr. Ho Xuan Nang, then Chairman of the Board of Directors and CEO of Vicostone, suddenly bought back 90% of the charter capital of the parent company Phenikaa.
Since December 2015, he has become Chairman of the Board of Directors of Phenikaa. With a breakthrough business strategy and long-term vision, in a short time, he has brought Phenikaa from a small company to a multi-industry economic group with a name in the market.
In particular, Vicostone subsidiary is currently in the top 3 high-end quartz stone brands globally with 6 production lines, capacity of more than 3 million m2 per year. The company's products are consumed in over 50 countries with about 10,000 agents and partners, including demanding markets such as the US, Canada, and Australia. In the period of 2017-2022, Vicostone regularly earned a profit of over 1,000 billion VND per year. By the end of 2023, Vicostone's total assets will reach more than 6,400 billion VND.
In addition to manufacturing, Phenikaa also operates in the fields of education, technology, scientific research, healthcare, trade and services. The group currently has a system of inter-level schools and Phenikaa University. Mr. Nang is also Chairman of the Board and General Director of Phenikaa University.
As of December 31, this businessman owned more than 5.98 million VCS shares of Vicostone, equivalent to 3.74% of capital. These shares are worth up to nearly 370 billion VND if calculated according to the closing price of the trading session on February 7. In the market, the Chairman of Phenikaa is often called "Jewish Energy".
Mr. Pham Dinh Doan - Chairman of Phu Thai Group
Also born in 1964, graduated from Hanoi University of Science and Technology like Mr. Ho Xuan Nang, Mr. Pham Dinh Doan is currently Chairman of Phu Thai Group.
Mr. Pham Dinh Doan. Photo: Phu Thai
After graduating, Mr. Doan was assigned to work as a researcher at the Institute of Food Industry under the Ministry of Light Industry (now the Ministry of Industry and Trade). Thanks to his good professional capacity, he continued to be sent to study in Thailand and France.
In 1993, Mr. Doan returned to Vietnam but decided to give up his scientific research career. He chose to start a business and established Phu Thai in 1993 with only 10 employees. At that time, he realized that the opportunities from the distribution and retail market abroad had developed very strongly, while in Vietnam, it was still mainly in the hands of state-owned enterprises.
In 1995, after Vietnam and the US normalized diplomatic relations, Mr. Doan quickly seized this opportunity to do business with partners, the first of which was Procter & Gamble (P&G). To date, Phu Thai is still the official distributor of P&G products in Vietnam.
With the advantage of foreign languages, Mr. Doan can directly negotiate with foreign partners. Thanks to that, Phu Thai also seized the opportunity to cooperate with the strategy of "standing on the shoulders of giants" right from the time the economy opened up. This businessman believes that cooperating with large foreign partners and corporations helps both him and Phu Thai to rise up, operate more professionally, and manage more transparently. On his career path, he has always emphasized integrity in business.
Overcoming many difficulties in the initial stage, Mr. Doan is considered one of the pioneers and founders of the modern retail model in Vietnam. To date, Phu Thai has nearly 5,000 employees. Revenue in 2022 of Phu Thai and its member units reached nearly 10,000 billion VND.
In Vietnam, Phu Thai is the distribution partner of many famous brands such as P&G, Caterpillar (USA), Jaguar Land Rover (UK), Pon (Netherlands), BJC (Thailand), Itochu, Watakyu, Colowide (Japan), Medion (Indonesia).
Mr. Doan was also the Chairman of the Vietnam Young Entrepreneurs Association. Currently, Mr. Doan is still a delegate of the Hanoi People's Council for the 2021-2026 term.
Dao Huu Duy Anh - General Director of Duc Giang Chemicals
Born in 1988 (Year of the Dragon), Dao Huu Duy Anh, General Director of Duc Giang Chemical Group Joint Stock Company, belongs to the F2 generation of Vietnamese entrepreneurs. He is the son of Chairman of the Board of Directors of Duc Giang Chemicals - Dao Huu Huyen.
CEO of Duc Giang Chemicals - Dao Huu Duy Anh. Photo: FBNV
CEO Duc Giang graduated with a Master's degree in Chemistry from Cambridge University (UK). Before taking on the role of managing this enterprise with a series of subsidiaries and a capitalization value of more than 36,000 billion VND, Duy Anh held many positions at Duc Giang.
While studying abroad, he spent almost all of his summer vacations returning to Vietnam to get acquainted with the family business from the smallest things. He used to work as a concrete worker or a worker in a raw material factory.
After returning to Vietnam, Duy Anh's first job was as an assistant to Mr. Dao Huu Huyen. In April 2013, he became Deputy General Director of a company of Duc Giang Chemical Group. Since 2019, Duy Anh has become a member of the Board of Directors and Deputy General Director of this group, in charge of export - a segment that brought in more than 70% of revenue in the period 2019-2021 for Duc Giang.
Currently, CEO Duc Giang holds more than 11.4 million DGC shares. These shares are worth nearly VND1,100 billion. However, Mr. Dao Huu Duy Anh once said that he really did not feel any different because his assets on the stock market could not fully evaluate what he had.
This CEO believes that one of his most valuable assets is the academic and technical language to communicate with leading experts related to the trends of the chemical market in the world. From there, Duc Giang knows which items are in short supply, helping to optimize production and profits.
Mr. Tu
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