When it comes to Warren Buffett, everyone knows the world-famous billionaire and philanthropist. At the age of 93, he still runs the business of the Berkshire investment fund with a capitalization of more than 795 billion USD.
In Vietnam, there are elderly billionaires like Warren Buffett. Although they belong to the U90 generation, they still hold the position of chairman of the board of directors or general director of a number of large enterprises.
Chairman of Son A Dong Joint Stock Company
According to statistics, Chairwoman of the Board of Directors of Son A Dong Joint Stock Company (stock code: ADP) Nguyen Thi Nhung is the oldest female chairwoman today. Ms. Nhung was born in 1941 and is 83 years old this year.
Ms. Nhung was introduced as being born in Dong Thap province, with a university degree in economics.
During the period 1960-1966, she worked at the Sao Vang Rubber Factory in Hanoi. She was then sent to the Czech Republic for 6 years as an intern. After returning home, Ms. Nhung worked for 4 years at the Hanoi Synthetic Paint Factory. In 1976, she took over the Son A Dong Factory and worked there for many years.
In 2020, Ms. Nguyen Thi Nhung resigned from the position of Chairwoman of the Board of Directors and assumed the position of Vice Chairwoman and General Director of the company. In April 2022, she returned to the position of Chairwoman of the Board of Directors, and the position of General Director was transferred to Mr. Vo Hong Ha.
A rare photo of Ms. Nguyen Thi Nhung (Photo: SGGP).
The 2023 annual report stated that Ms. Nhung holds 2.3 million ADP shares (accounting for 10.06% of charter capital). With an ADP share price of VND20,000/share, Ms. Nhung's assets on the stock exchange are estimated at about VND46 billion.
The predecessor of Son A Dong Joint Stock Company was Son A Dong Company, established in 1970 and was one of the two largest manufacturers in the South before 1975. In 1976, this enterprise was nationalized under the name Son A Dong Enterprise, under the Paint and Printing Ink Company - General Department of Chemicals.
In 1993, the enterprise cooperated with the Japanese paint company Kansai Paint to produce marine paint and industrial paint under the Kansai brand. In 2000, the enterprise was equitized and converted into a joint stock company, with a charter capital of 10 billion VND. Currently, the enterprise's equity is at 230.4 billion VND.
Chairman of 29/3 Textile Joint Stock Company
Same age as Ms. Nguyen Thi Nhung, Mr. Huynh Van Chinh, Chairman of the Board of Directors of 29/3 Textile Joint Stock Company (stock code: HCB) is also a veteran businessman on the stock exchange.
Mr. Huynh Van Chinh is introduced as being from Quang Nam province, with intermediate level of economic management.
The 2019 prospectus stated that this businessman had been with the company since 1976 when it was still the 29/3 Textile and Garment Group. He held the position of Chairman of the group from 1976 to 1978. After the unit transformed into the 29/3 Joint Venture Company, Mr. Chinh held the position of Deputy Director and Director.
Mr. Chinh assumed the position of Chairman of the Board of Directors after the enterprise was equitized in April 2007. In addition to his position as a business leader, this businessman was also Vice Chairman of the Vietnam Textile and Apparel Association from 1995 to 2005. He is also a member of the 11th National Assembly.
Mr. Huynh Van Chinh (Photo: Da Nang Newspaper).
The 2022 annual report of Textile 29/3 said that Mr. Chinh holds more than 5 million HCB shares (accounting for 9.71% of charter capital). With a price of VND 21,000/share, assets on the stock exchange are estimated at about VND 105 billion.
The predecessor of 29/3 Textile Joint Stock Company was 29-3 Cotton Towel Weaving Group, established on 29/3/1976. In November 1978, the People's Committee of Quang Nam Da Nang province signed a decision to convert it into 29-3 Textile Joint Stock Company.
In 1984, this unit officially became a state-owned textile factory named 29/3 Textile Factory. In 2007, 29/3 Textile Joint Stock Company was established with a charter capital of 15 billion VND. Currently, the company's equity is at 42 billion VND.
Chairman of Vietnam Disinfection Joint Stock Company
Another female Chairwoman of the Board of Directors of the U90 generation is Ms. Nguyen Bach Tuyet, Chairwoman of the Board of Directors of Vietnam Disinfection Joint Stock Company (stock code: VFG). Ms. Tuyet was born in 1942 in Quang Ngai province, and is introduced as having professional qualifications as an agricultural engineer.
During the period 1976-1984, Ms. Tuyet was the Deputy Director of a Plant Protection Department. From 1985 to 1999, she became the Director of Vietnam Fumigation Company. From 2001 to September 2009, Ms. Tuyet was both the Chairwoman of the Board of Directors and the General Director of Vietnam Fumigation Joint Stock Company. From October 2009 to present, she has only held the position of Chairwoman of the Board of Directors.
The management report for the first 6 months of 2023 stated that Ms. Tuyet is also the Deputy General Director of the enterprise. In addition, she is also the General Director of Hai Yen Company Limited. Ms. Tuyet currently does not own VFG shares.
Ms. Nguyen Bach Tuyet (Photo: Vietnam Disinfection Joint Stock Company).
In 2022, the revenue of Vietnam Disinfectant Joint Stock Company reached 3,250 billion VND. The 2022 annual report said that the company's revenue currently accounts for 7-8% of the revenue of the Vietnamese agricultural chemical market. In the disinfection segment, this unit is ranked No. 1 with about 60% market share.
General Director of Rang Dong Light Source and Vacuum Flask Joint Stock Company
General Director Nguyen Doan Thang of Rang Dong Light Bulb and Vacuum Flask Joint Stock Company (stock code: RAL) is 81 years old this year. Mr. Thang was born in Ha Tay, is introduced as an electrical engineer and also has a bachelor's degree in law.
During the period 1964-1967, Mr. Thang held the position of design team leader of Rang Dong Light Bulb and Thermos Company. 3 years later, he was sent to Hungary for an internship in the light bulb manufacturing industry.
Mr. Doan Van Thang (Photo: Rang Dong).
After returning to Vietnam, Mr. Thang held the position of deputy head of the technical department and assistant director until 1981. From 1981 to 1987, he was appointed as deputy technical director of the enterprise. From 1988 to 2004, he held the position of acting director and director.
Mr. Thang used to hold the position of Chairman of the Board of Directors of several other units such as Dong A Joint Venture Company and Industrial Glass and Ceramic Corporation.
He currently owns about 517,000 RAL shares, equivalent to 57 billion VND as of January 8.
In 2022, Rang Dong Light Bulb and Vacuum Flask Joint Stock Company is about 6,928 billion VND.
Chairman of Hai Phong Paint Joint Stock Company
Chairman of the Board of Directors of Hai Phong Paint Joint Stock Company (stock code: HPP) Nguyen Van Vien is 80 years old this year. Mr. Vien was born in Ha Nam province. He has a degree in electrical engineering.
Mr. Vien was a teacher at Hai Phong Electromechanical School from 1964 to 1982. From 1982 to 1989, he was transferred to the position of Deputy Head of the Labor Organization Department of Hai Phong Department of Industry. From April 1989, Mr. Vien was assigned to be the Director of Hai Phong Paint Company. He held this position until 2002. From 2003, Mr. Vien moved to the position of Chairman of the Board of Directors and General Director.
Mr. Nguyen Van Vien (Photo: Son Hai Phong).
Since 2015, the position of General Director has been held by Mr. Nguyen Van Dung (Mr. Vien's son).
Currently, Mr. Vien is also Chairman of the Board of Directors of a series of other enterprises such as Vico Company Limited, Sivico Joint Stock Company (stock code: SIV), Hai Phong Paint Joint Stock Company 2.
He currently owns assets of about 46 billion VND from HPP and SIV stocks.
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