Vietnamese Billionaire Debuts On Forbes 400 Celebrates By Sponsoring Chinese Actress Li Bing Bing

[biendong]

Vietnam is still a commie country under control of VCP, so that people don't like to disclose his assets.

 

[Beast]

Vietnam is still a commie country under control of VCP, so that people don't like to disclose his assets.

Yes yes, Vietnam actually has the most billionaries in the world. It just that VCP with open market policy which grantee private estate and poverty still makes people doubt whether to disclose their asset.

Unfortunately your fantasy happen only in your dream. Can vietnamese wake up from too much nationalism?

 

[DaiViet]

Vietnam has many millionaries and most are currupted officials and their relatives. Common Vietnamese people are poor.

 

[VALKRYIE]

He is an American citizen, right? A good comrade for China. Thanks to his investment in helping China.

Mr. Hoang is a Vietnamese American but he was born in VN and used to work for VCP.

He owns a monoply on blood plasma services in Shanghai, China. He is expanding agressively with his blood plasma and wine catering business across China.

More Chinese will be working for Vietnamese companies.

He do not likes being a vietnamese. Its better to be American

Chinese on Forbes love being American too.

 

[cnleio]

All for the money

 

[biendong]

Yes yes, Vietnam actually has the most billionaries in the world. It just that VCP with open market policy which grantee private estate and poverty still makes people doubt whether to disclose their asset.

Unfortunately your fantasy happen only in your dream. Can vietnamese wake up from too much nationalism?

don't crying like that kid. I don't say we have more US$ billionaire as its reported.

Recently, two our big boy on stock market Vietnam were arrested by Police. What is wrong with them ? the case is not clear up to now.

When some one is became rich, pls don,t show off yourselves. Taken care about your safety.

 

[Beast]

don't crying like that kid. I don't say we have more US$ billionaire as its reported.

Recently, two our big boy on stock market Vietnam were arrested by Police. What is wrong with them ? the case is not clear up to now.

When some one is became rich, pls don,t show off yourselves. Taken care about your safety.

Isn't this thread do with the so called billionaries expected by your compatriot?

 

[biendong]

Two bussinesman were arested by police in Vietnam

1/ Nguyen Duc Kien (He finished his study in hungary)
is a Vietnamese businessman and owner and chairman of the Hanoi ACB Bank. He has a football club. In addition he is deputy chairman of the Vietnam Professional Football company that now oversees Vietnam’s V-League and First Division football. Wikipedia

2/Ha Van Tham (He finished his study in US)
Businessman, Ha Van Tham is a Vietnamese businessman and the Chairman of Ocean Group. In 2014 he was ranked 8th richest in Vietnam. He holds shares that are worth 1800 billion VND. Wikipedia

@DaiViet They are not related to VCP leadership.

 

[Edison Chen]

 

[biendong]

View attachment 262273

He came from Quang Tri Province Vietnam. Quang tri is the poorest area in Vietnam.

 

[Edison Chen]

He came from Quang Tri Province Vietnam. Quang tri is the poorest area in Vietnam.

Good example of poor kids from rural areas become successful, in fact, anyone could be gifted in some aspects, they only need equal chance as people from rich areas have.

 

[CHN Bamboo]

Mr. Hoang is a Vietnamese American but he was born in VN and used to work for VCP.

He owns a monoply on blood plasma services in Shanghai, China. He is expanding agressively with his blood plasma and wine catering business across China.

More Chinese will be working for Vietnamese companies.



Chinese on Forbes love being American too.

Ah,ha?
If so,why Vietnam is a country with GDP per capita 2000$? =_=

 

[JaiMin]

Ah,ha?
If so,why Vietnam is a country with GDP per capita 2000$? =_=

Hah, because of open market in 1995- after China approximately 20 years? Anyway it is a globalized world, don't need to mind so much, a lot of Chinese workers in Chinese FDI project anyway.

$100bil before 2020, Mr.XI visit at Oct seem offer more aid&support for those pro-China faction


Vietnam, China seek to push trade ties

Participants at the seminar (Photo: VNA)
Opportunities and shortcomings in economic, trade, investment and tourism ties between Vietnam and China were the main topics at a seminar in Beijing on August 20, aiming to help raise bilateral trade value to 100 billion USD.
The event, jointly held by the Vietnamese Embassy in China and the ASEAN-China Centre, drew nearly 100 representatives from ministries and localities, scholars and entrepreneurs of the two countries.

Addressing the seminar, Vietnamese Ambassador Nguyen Van Tho said the Vietnam-China comprehensive strategic cooperative partnership has enjoyed dynamic developments with cooperation in economics, trade and investment playing an important role.

Given the fast-changing regional and global economic and financial markets, the diplomat suggested the two countries join hands to maintain economic stability in each country as well as the Asia-Pacific region.

The two countries should further tap their cooperation potential and facilitate import-export activities in a bid to balance the bilateral trade, he said.

Statistics released by the Chinese customs show that two-way trade turnover reached 41.8 billion USD in the first half of this year, a year-on-year increase of 16.6 percent. Of the amount, China’s export turnover to Vietnam stood at about 31 billion USD, up 14.8 percent, while its imports from Vietnam were worth 10.8 billion USD, up 22.1 percent.

China has been Vietnam’s largest trade partner for 11 consecutive years. Vietnam also ranks second among ASEAN countries in term of bilateral trade growth rate.

Progresses have been also made in investment and tourism cooperation between Vietnam and China, the seminar heard.

The Chinese side, however, said the imbalance in bilateral trade remains a headache for both countries.

At the same time, growth in investment ties was mainly driven by Chinese investment, most for political reasons, they said, adding the great potential for tourism cooperation is yet to be fully tapped due to lax coordination between the two countries’ tourism agencies.

The participants put forth a host of solutions to push the trade ties, including negotiations to boost China’s import of Vietnamese agricultural and industrial products and increase China’s direct investment in goods production in Vietnam for export to China./.


Source: Request Rejected



That MR.HOANG guys seem like this Vietnmese-American dude, sound similar

Forty Years After Fall of Saigon, Entrepreneurs Return to Vietnam
By
JAMES HOOKWAY
Updated April 30, 2015 1:45 a.m. ET
26 COMMENTS
HO CHI MINH CITY— Henry Nguyen was a toddler when his family fled Vietnam just before the fall of Saigon 40 years ago.

Now he’s back, part of an influx of Vietnamese-born entrepreneurs returning to the country to reap the benefits of its shift to a more market-oriented economy.

Since his return in the early 2000s, Mr. Nguyen has become one of the best-known business figures in the Vietnam. He is head of Vietnam operations for Boston-based fund manager IDG Ventures, and he recently introduced the Big Mac to the country as McDonald’s Corp.’s first franchisee here.

In another sign of the changing times, Mr. Nguyen, the son of a civil engineer who worked with the old South Vietnamese government, is married to the daughter of Vietnam’s communist prime minister. The couple and their twin daughters live in Ho Chi Minh City, the name by which Saigon is now known.

ENLARGE
Henry Nguyen is managing partner of IDG Ventures Vietnam. PHOTO: NGUYEN ANH THU/THE WALL STREET JOURNAL


“It’s something I never planned on or anticipated,” said Mr. Nguyen, a fresh-faced 41-year-old American with thick-rimmed glasses and spiky hair. “But looking forward, this is where my life is.”

The fact that Mr. Nguyen has gotten so far highlights how much Vietnam has changed since the South capitulated to Communist forces on April 30, 1975. It also points to the important role the country’s diaspora has played in expanding the scope and scale of what could be one of the world’s next great economic success stories.

As Vietnam’s Communist Party began to loosen its hold of the economy in the early 1990s after the collapse of the Soviet Union, Viet Kieu, or overseas Vietnamese helped lead the march of foreign investment into the country.

Seattle-raised entrepreneur David Thai helped blaze the trail when he moved to Hanoi in the 1990s. He became the first overseas Vietnamese to register a private company and open a chain of coffee shops under the name Highlands Coffee. Since then, officials say other expatriate Vietnamese have invested more than $20 billion here, mostly in and around Ho Chi Minh City, still in many ways the country’s economic engine.



Intel Corp. appointed U.S. national Than Trong Phuc to launch a $2 billion chip factory in Ho Chi Minh City in the early 2000s, while other Vietnamese returned from America, France and elsewhere to set up private businesses.

The potential payoff is significant. Frederic Neumann, co-head of Asian economic research at HSBC views Vietnam as the best example of a frontier economy benefiting from rising costs in China. Thanks to multibillion-dollar investments from companies such as Samsung Electronics Co. and Intel, exports of smartphones and other electronicsnow have eclipsed old standbys such as textiles and footwear, leaving the country comfortably higher up the value ladder than cheaper locales such as Cambodia or Bangladesh.

ENLARGE
Foreign direct investment to Vietnam rose nearly fivefold between 2005 and 2013, while inflows to China expanded 1.7 times, according to data from the United Nations Conference on Trade and Development. One of the three Samsung smartphone plants here is the company’s largest anywhere in the world.



Many economists regard Vietnam as the last Confucian-influenced economy to open up to the rest of the world, following a path already forged by Japan, South Korea, China, Taiwan and Singapore.

“ Deng Xiaoping gets a lot of credit for saying that to get rich is glorious,” Mr. Nguyen said. “But that’s not a political statement. That’s a Sino-Confucian value.”



Already Vietnam exports more goods to the U.S. than Thailand or Indonesia, while demographics play in its favor, too. A third of the country’s 90 million people were born in the 1980s or 1990s, many of them are often seen perched on the throngs of motor scooters that weave precariously through the streets of Ho Chi Minh City and Hanoi.

“The next decade will be incredibly interesting,” Mr. Nguyen said. “This could be what I call Vietnam’s golden hour.”

While Mr. Nguyen’s return to the country of his birth has been relatively smooth, other returnees have found the journey back more difficult.

American citizen Hoan Nguyen (no relation to Henry Nguyen; many Vietnamese share the family name Nguyen), for instance, spent 14 months, without being charged, in Hanoi’s dank B14 prison after a dispute with his Vietnamese business partners in an international school project.

He recalled listening to state radio broadcasts booming out in the prison’s courtyard each morning exhorting overseas Vietnamese to return to invest in the motherland. He was eventually freed after police concluded he hadn’t committed any crime.



Other returning entrepreneurs have found themselves snared in similar disputes, caught out by a legal system ill-equipped to handle civil disputes and where personal contacts sometimes matter more than the rule of law.



For Henry Nguyen, the biggest problems have come from the U.S., where some Vietnamese-Americans have been critical of his marriage to Nguyen Thanh Phuong, the daughter of Vietnam’s Prime Minister Nguyen Tan Dung, in 2008.

Many attacked him on Internet sites, accusing him of selling out to Vietnam’s communist leaders.

“Henry Nguyen is a communist wearing a Viet Kieu mask,” read one anonymous post on a bulletin board catering to the Vietnamese-American community.

The storm surrounding Mr. Nguyen’s involvement with the prime minister’s family worsened in 2013, when he secured a franchise to open Vietnam’s first McDonald’s. This time the accusation he faced from the blogosphere was nepotism.

‘“The next decade will be incredibly interesting. This could be what I call Vietnam’s golden hour.”’

—Henry Nguyen


It was a common allegation in the years following the global financial crisis, which hit Vietnam hard. The country’s rapid growth has seen the children and relatives of prominent Politburo members and businessmen quickly rise through the ranks. The former head of state-owned shipbuilder Vietnam Shipbuilding Industry Group, for instance, appointed his son, brother and brother-in-law to senior positions before the company’s debt bubble burst in 2010 and landed him in prison.



Both McDonald’s and Mr. Nguyen say the burger deal was the result of years of lobbying on Mr. Nguyen’s part. For a time Mr. Nguyen was known inside the company’s international franchising division as “The Stalker” for the blizzard of reports on Vietnam’s progress that he used to send to McDonald’s headquarters in Oak Brook, Ill.

It has been a difficult claim to shake off. “I can see where the narrative comes from,” said Mr. Nguyen.

Henry Nguyen grew up in Virginia’s Fairfax County, not far from Washington, D.C., where his father built a new life for his family after leaving Vietnam. He describes his upbringing as that of “a typical suburban kid.” He played football. He went on dates. In his teens, he got a job flipping burgers at a local McDonald’s, where he says he fell in love with the brand.

ENLARGE
A Communist Party banner in Ho Chi Minh City, Vietnam, April 28, 2015, celebrates the 40th anniversary of North Vietnam’s victory over the South. PHOTO: ASSOCIATED PRESS
At that age, he didn’t have much to do with Vietnam at all, Mr. Nguyen recalls. The country’s language and customs were largely a mystery to him despite his mother’s efforts to pass them on to him and his siblings.

But after a spell at Harvard and postgraduate studies at Northwestern University Medical School and the Kellogg School of Management in Chicago, Vietnam intervened: Mr. Nguyen landed a summer job writing for the student travel guide “Let’s Go” and the publisher asked him to go to Hanoi.

He set out on the 52-hour journey from Boston via San Francisco, Tokyo, Singapore and Ho Chi Minh City with some trepidation. Despite his family connections, Vietnam was an unknown quantity. The young Mr. Nguyen’s knowledge of the country largely consisted of Hollywood war films.

What he found when he arrived and walked a block or two to Hanoi’s Hoan Kiem Lake was, he says, a revelation. “These people spoke the same language my parents spoke at home, they eat the same food. At some level, it was home,” Mr. Nguyen said.

He returned again to try his hand at business and was hired by International Data Group’s founder, Patrick McGovern, after a chance meeting at a business-community breakfast in Hanoi. Mr. Nguyen, then just 31, was tasked with overseeing the firm’s expansion into Vietnam.

“Let me tell you, I was something of an odd bird to be there in Hanoi,” he said. “My language skills weren’t really there and it was tough to explain to people what I was doing here.”

From the beginning, he bet heavily on the Internet, positioning IDG as a lead investor in Vietnam’s emerging startup scene, funding everything from e-commerce outfits to music-and-entertainment websites. Early successes included funding VNG Corp., a maker of multiplayer video games that morphed into a sprawling Internet conglomerate running some of the country’s most popular social-media sites and messaging platforms.

Vietnam’s Internet economy is still growing quickly. AT Kearney, in a recent report, noted that Internet penetration rates are rising faster in Vietnam than anywhere else in the region. It also has more Internet users—more than 40 million--than anywhere else in Southeast Asia, including Indonesia, which has a population of more than 250 million.

ENLARGE
Nguyen Thanh Van An is chief executive of Ho Chi Minh City-based e-retailer Hotdeal.vn.PHOTO: NGUYEN ANH THU/THE WALL STREET JOURNAL
In light of that growth, Mr. Nguyen is stepping up IDG’s bet on the Internet in Vietnam. The firm recently invested in local e-commerce firm Hotdeal.vn.

Its chief executive, Nguyen Thanh Van An, said in an interview that his company handles an average of $100,000 worth of transactions a day, with volumes growing at about 15% a month. It already has a team of more than 100 red-and-black-clad drivers zipping through Ho Chi Minh City, delivering orders of women’s fashions, children’s toys and discount coupons.

“Groceries could be next,” Mr. An said, speculating that Hotdeal.vn and competitors such as Lazada might develop a foothold in the country before large supermarket chains do.

“Vietnam hasn’t seen a period of peace and stability like this for a couple of centuries,” Mr. Nguyen reckons. “We’re still in the very early innings.”

—Nguyen Anh Thu contributed to this article.

Write to James Hookway at james.hookway@wsj.com

Corrections & Amplifications:
Intel Corp. appointed Than Trong Phuc to launch a $2 billion chip factory in Ho Chi Minh City. An earlier version of this article incorrectly spelled his name as Than Trang Phuc. Nguyen Thanh Phuong is the daughter of Vietnam’s Prime Minister Nguyen Tan Dung. An earlier version of this article incorrectly spelled her name as Nguyen Tan Phuong. (April 30, 2015)

Source: Forty Years After Fall of Saigon, Entrepreneurs Return to Vietnam - WSJ

 

[zeronet]

SEP 29, 2015 @ 08:45 AM

Kate Vinton
FORBES STAFF

Ten months after Kieu Hoang Winery held its grand opening in November with Chinese actress La Bing Bing in attendance, the Napa winery held its first wine-pairing dinner at upscale Vietnamese restaurant Le Colonial in San Francisco. Seventy-one year old Kieu Hoang, the winery’s new billionaire owner, was absent. His son Tommy Hoang explained to guests that business had called Hoang to Shanghai, conveying his father’s regret at missing the dinner. “He’s out there hustling to make things happen,” the younger Hoang said.

Kieu Hoang has a long history of “hustling.” The dinner–at which well-dressed guests drank wine with Hoang’s face printed on each bottle–was a stark contrast to Hoang’s early years in rural Vietnam, and his first years in the United States after immigrating at the end of the Vietnam War. Now, after founding two successful blood plasma companies, RAAS and Shanghai RAAS, Hoang has earned a spot on The Forbes 400 for the first time. He’s ranked No. 149 with a net worth of $3.8 billion –and he’s the richest newcomer on the list.

The bulk of Hoang’s wealth comes from his stake in publicly-traded Shanghai RAAS, which he founded in 1992, after partnering with the Shanghai Blood Center in 1987. With $214 million in sales and an eye-popping $17.7 billion market capitalization, the company was ranked 20th on Forbes Most Innovative Companies list and appeared on Forbes’ Asia’s 200 Best Under A Billion in 2015. Hoang owns 35% of the Shezhen-listed company, and his wealth has more than tripled in the past year along with the company’s rise in value. The rest of Hoang’s wealth is in Agoura Hills, Calif.-based Rare Antibody Antigen Supply (RAAS), which he founded in 1985, and the winery he purchased and opened last year.

Hoang was born in 1944 in the village of Bich Khe in Quang Tri Province in Vietnam. His early childhood was spent barefoot and shirtless, with a machete in hand to chop down small trees for his mother. “Life was very difficult in those years,” Hoang remembers. It got easier when Hoang moved to Saigon at the age of five to live with his uncle, Hoang Thi, a renowned Vietnamese composer. His uncle helped Hoang through school, and Hoang studied science at a university for one year before the Vietnam War began. Having reached the draft age, Hoang joined the U.S. Special Forces as the “chief combat interpreter.” That experience, Hoang says, gave him the self-reliance that would carry him through many of the other challenges in life—including building a plant for Shanghai RAAS in the early 1990’s with little to no mechanical equipment.

In 1975, as the Vietnam war was about to end, Hoang immigrated to the United States, after helping his family and other Vietnamese refugees escape the country. “I worked with the ministry of the interior to get visas for people to leave the country,” Hoang remembers. He was 32.

Starting over in the United States wasn’t easy for Hoang’s family. Upon arrival, Hoang says the family was sponsored by the Westlake Village Women’s Club and the United Methodist Church of Westlake Village — a town in southern California near Los Angeles. A church member who worked at Abbott Laboratories interviewed Hoang for an entry-level job. While he knew he didn’t have the necessary skills, Hoang confidently told his interviewer: “With my intelligence I will be able to learn.” He got the job (which paid $1.25 an hour) on his birthday, and started work two days later. He commuted to work on a donated 50cc motorcycle. “We got through and we got by,” Hoang remembers.

Over the next couple years, Hoang climbed the ranks at Abbott. He was promoted to supervisor after six months, and then manager six months after that. Finally, he reached the top of the company, becoming the director responsible for testing plasma samples. “I’m proud to say I got the first Bureau of Biology [early FDA] license for doing testing on plasma samples for Abbott labs,” Hoang says. With this approval, Hoang began testing for Hepatitis B at Abbott.

By the end of the 1970′s, Hoang began thinking about next steps. The best advice he received from a mentor: “Don’t sell your knowledge cheap.” Armed with his plasma-testing experience, Hoang decided to found his own blood plasma company—Rare Antibody Antigen Supply Inc—and began acquiring blood plasma centers. By 1985, Hoang says he had 11 centers spread across the United States.

In the next couple years, Hoang began expanding globally—and ultimately entered China. At the time, Hoang says few American businesses were focused on entering China. “Who thought of China at that time?” Hoang says. “Only me, only me.”

Hoang’s timing was good. In 1987, there was a Hepatitis A outbreak infected that infected 300,000 people from contaminated clams. “I was able to tell them–this is something I can offer, this is something I can help with,” Hoang says. At the time, no foreign company was allowed to own 50% of a Chinese company, but Hoang partnered with Shanghai Blood Center in 1987. Then, in 1992, Hoang opened Shanghai RAAS, which began selling its own human abumin “AlbuRAAS,” which is a concentrated source of blood plasma, and other medicines derived from plasma. Today, there’s so much demand for his products that Hoang says Shanghai RAAS doesn’t have enough to serve even one full Chinese province.


Meanwhile, back in the United States, Hoang ventured into a new industry in 2014—the winemakingbusiness. He purchased the Michael Mondavi Family winery in June 2014, and held an elaborate grand opening in November 2014. Chinese model La Bing Bing, known as the “Angelina Jolie of China” was in attendance as a spokesperson for the winery.

Hoang sees parallels between the winery and his blood plasma business. Processes like filtering, pH adjustment, and fermentation are similar when treating both blood plasma and wine, and Hoang is fascinated with the health benefits wine can provide. “I’m trying to create what we call a health wine and a regular wine,” Hoang says. “I’m so happy to see that these two industries are related.” The winery caters mostly to China and has had moderate success so far.

Just days after he announced he was buying the winery, Hoang made a stir at Auction Napa Valley on June 7, when he set a new record by donating $1 million to Fund-A-Need. The move was an extension of the charity work he was already doing in Vietnam. “I want to show my gratitude and repay,” he says. Hoang says he’s pledged 20% of his net worth to charity.

Hoang has been making trips back to Vietnam since 2006, partnering with the Red Cross to build 5,000 homes in his birth country. As Hoang gives, his focus is on seeing a direct return for each charitable investment. “When I want to give one dollar to one specific person, the recipient has to receive it,” Hoang says. “I don’t want to give like Bill Gates or Warren Buffet. A billion, another billion – what do we have?”

Hoang is reticent to focus on his billionaire status. “Don’t talk about stock. Don’t talk about billions,” he told me. “You can be a billionaire today, and tomorrow you’re not a billionaire,” he said, noting the unpredictability of the stock market.

But that’s not to say that Hoang is modest or eager to stay out of the spotlight—especially with his face printed on every wine bottle his winery sells. Hoang wants to be remembered and hopes people still talk about him and the blood plasma advancements he made in the future. At his winery, a sign reads: “God made water, but people made wine. – Victor Hugo. Kieu Hoang makes both water and wine. – Kieu Hoang”

Vietnamese-American Pharma Billionaire Debuts On The Forbes 400

this guy made most of his money from China. From China's perspective, this is good. China welcome capable people from all over the world to found their business in her land. I don't believe this guy can be this successful in his homeland. Is it ridiculous that the first Vietnamese billionaire is made in China?

 

[Sanchez]

Mr. Hoang is a Vietnamese American but he was born in VN and used to work for VCP.

Used to work for VCP?

He was a refugee escaping from Vietcong's occupation of Saigong in 1975. He made half of his foutune in China. How much has he invested in VN so far?

He owns a monoply on blood plasma services in Shanghai, China. He is expanding agressively with his blood plasma and wine catering business across China.

More Chinese will be working for Vietnamese companies.

Chinese on Forbes love being American too.

Nobody has monoply in medical service sector in China, kid. His companies are owned either by Americans or Chinese. It has nothing to do with you Vietcongs. It's a pity that you brought the story up to mastabate...