Successful Vietnamese entrepreneurs from scratch

Businessman Pham Nhat Vuong

For Vietnamese people, businessman Pham Nhat Vuong - Chairman of the Board of Directors of Vingroup Corporation - is certainly no longer a strange name. However, we often only know about a dollar billionaire, the owner of Vingroup... but few people know that Mr. Pham Nhat Vuong comes from an ordinary family.

Billionaire Pham Nhat Vuong.

Mr. Pham Nhat Vuong was born in 1968 in Hanoi, originally from Can Loc, Ha Tinh. He entered the Hanoi University of Mining and Geology, then received a scholarship to study in Russia. This was an important stepping stone to help him become a Vietnamese businessman later.

As a student, Pham Nhat Vuong got into business. His first job was selling instant noodles. In 1993, he launched the Mivina noodle brand, and by 2004, this noodle brand had taken up 97% of the market share in Ukraine. After that, he expanded into selling fast food, spices, etc.

His business grew and expanded. This was the predecessor of the powerful Vingroup Corporation later on.

Today, Vingroup is considered the largest corporation in Vietnam. This corporation operates in a variety of fields such as real estate, industrial production, retail, healthcare, etc.

Since 2013, he has always been in the top richest people in Vietnam. According to Forbes statistics in April 2023, Mr. Pham Nhat Vuong owns a net worth of 4.6 billion USD, ranking 586th in the world.

Businessman Dang Le Nguyen Vu

In the list of Vietnamese entrepreneurs who started from nothing, we cannot fail to mention Dang Le Nguyen Vu - General Director of Trung Nguyen Group. From a 2 square meter coffee shop, having to borrow money everywhere to owning a famous coffee chain is a long process with a broad vision.

"King of Vietnamese Coffee" - Dang Le Nguyen Vu.

Born into a farming family, his family's difficult circumstances further motivated him to start a business. In 1996, he opened a coffee shop with an area of ​​only 2 square meters. This was the starting point that made him become the "King of Vietnamese Coffee" later.

Today, Trung Nguyen has become the number 1 coffee brand in Vietnam. Mr. Vu was also honored by National Geographic Traveler magazine as the “King of Vietnamese Coffee”.

According to the Vietnam Coffee and Cocoa Association, in 2022, Vietnam will export 1.7 million tons of coffee, earning about 4 billion USD, of which the value of deeply processed coffee products accounts for 15% of total export turnover.

Of this, Trung Nguyen Legend's total export revenue last year was more than 100 million USD (equivalent to more than 2,300 billion VND).

According to statistics, after 10 years of entering the Chinese market, up to now, for every 18 cups of coffee sold in China, there is 1 cup of Trung Nguyen Legend coffee.

On March 28, 2023, Mr. Dang Le Nguyen Vu's Trung Nguyen Legend Group also opened a representative office in Gangnam, Seoul, South Korea to promote sales of G7 coffee.

Businessman Doan Nguyen Duc

Mr. Doan Nguyen Duc, also known as Bau Duc, is a famous figure in the Vietnamese football village, and is also a successful businessman with the famous brand Hoang Anh - Gia Lai.

Bau Duc was born into a poor family with many siblings. After failing the university entrance exam four times, he decided to pack up and move to Ho Chi Minh City to support himself and gain experience for the future.

Businessman Doan Nguyen Duc.

After many changes in the carpentry and interior design business, in 1993, Doan Nguyen Duc's private enterprise Hoang Anh Pleiku was born. This was the precursor for him to build Hoang Anh Gia Lai Joint Stock Company, opening a bright future in the fields of minerals, wood, rubber, real estate and football.

Mr. Duc once affirmed to the press: " I must be on the list of world billionaires, not just a rich Vietnamese person. Of course, a dream is just a dream, I believe that all entrepreneurs who are passionate about getting rich want and strive for this ."

In 2022, Mr. Doan Nguyen Duc received a salary of VND 2.57 billion at Hoang Anh Gia Lai, a slight decrease compared to VND 2.66 billion in 2021. In addition, Mr. Duc also received VND 58.5 million in income at subsidiaries of the group.

Currently, Mr. Duc is still the largest shareholder in the enterprise with nearly 320 million shares, equivalent to a holding ratio of 34.5% of capital. The value of HAG shares in early June 2023 was around 8,000 VND/share.

Truong Phong (Synthesis)

Useful
Emotion
Creative
Unique

Source: https://vtc.vn/nhung-doanh-nhan-viet-nam-thanh-dat-tu-hai-ban-tay-trang-ar786345.html