Chess champion: Grandmaster Le Quang Liem(right) triumphs in the blindfold chess event organised for the first time at the SEA Games. Golden boy: Hoang Quy Phuoc takes his and Viet Nam's second swimming gold medal after winning the men's 100m freestyle event with a time of 50.79sec. — VNA/VNS Photos Quang Nhut HA NOI — Viet Nam surpassed Thailand in the SEA Games' medal tally to take second place with 56 golds, 55 silvers and 59 bronzes after a great competition day yesterday in Indonesia. Host Indonesia remained firmly on top with 87 golds while Thailand reached a new total of 52. Le Quang Liem claimed a gold medal for Viet Nam when he triumphed over Malaysian master Mok Tze Meng in blindfold chess. It was the first time the event was included in the SEA Games and also Liem's first trial, but the Vietnamese International Super Grandmaster had no difficulty in defeating his rivals. Liem drew with his teammate Nguyen Anh Dung in the opening match before winning his … [Read more...] about Viet Nam pass Thailand in SEA Games medal tally
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VietNamNet Bridge - Chow Tai Fook Enterprises, a diversified Hong Kong-based company engaged in property development, hotels, casinos, transportation, jewelry, port and telecommunications businesses, has said that it is ready to invest $4 billion in a casino project in Quang Nam, a province in central Vietnam. Mr. Henry Cheng, Chairman and Executive Director of New World Development Company Limited and Chow Tai Fook Jewellery Group Limited, son of Mr. Cheng Yu Tung, the fourth richest man in Hong Kong. Mr. Henry Cheng, Chairman and Executive Director of New World Development Company Limited and Chow Tai Fook Jewellery Group Limited, told Bloomberg that they were very interested in the casino project in Quang Nam, but he refused to disclose more details. “We are doing something now to secure this project,” he told Bloomberg. Mr. Don Lam, Chief Executive Officer of VinaCapital, investor of the Nam Hoi An casino projects (Quang Nam), declined to comment and said the deal … [Read more...] about Chow Tai Fook Enterprises wants to invest in Vietnam’s casino
VietNamNet Bridge - Robins Department Store Pcl of the Central Group, owned by the family of Mr. Tos Chirathivat, Thailand's richest man, opened the Robins shopping center in HCM City last Friday, following its first center in Hanoi in early March this year. Mr. Philippe Broianigo, CEO of Central Vietnam, said the second center has an investment capital of $4 million, covering 10,000 m2, with four floors, providing 10,000 categories of goods supplied by 200 suppliers. This center sells many worldwide luxury brands, including large volumes of Thai goods. In Thailand, the Central Group is famous for its shopping center chain named Robinsons. In Vietnam, this retailer has shortened the name to Robins. Robins is not the first retail project in Vietnam of Central Group. Previously, the stores Supersports, Crocs and New Balance opened in Vietnam through the distribution system of Central Group’s subsidiaries and franchise partners. According to the Central Group, the opening of two … [Read more...] about Thai billionaire opens second mall in Vietnam
VietNamNet Bridge - According to Forbes, as of November 16, 2015, Southeast Asia had a total of 70 people with assets of $1 billion or more. Vietnam has a sole representative Pham Nhat Vuong, Chairman of the Vingroup, with assets estimated at $1.8 billion. The number of billionaires in Southeast Asian countries. Among the Southeast Asian countries, Indonesia has the highest number of US dollar billionaires, with 17 people. The richest man of this country is R.Budi Hartono, with $8.5 billion. Ranking second is Singapore with 16 billionaires. The brothers Robert and Philip Ng are the richest men with total assets of $7.7 billion. Thailand was ranked 3rd with 15 people with assets from $1 billion or more. Dhanin Chearavanont, Thailand's richest person, is also the richest man in Southeast Asia today. According to the Wall Street Journal, Dhanin Chearavanont business empire is facing many challenges for a number of reasons such as China's economic slowdown, the Russian ruble … [Read more...] about Which Southeast Asian country has the most USD billionaires?
Fraser & Neave Ltd., the drinks-maker controlled by Thailand’s richest man Charoen Sirivadhanabhakdi, is searching for acquisitions to bolster its market share in Southeast Asia after its war chest grew to nearly S$1 billion ($745 million) with sales of beer assets. A potential target is Vietnam Dairy Products JSC, also known as Vinamilk, according to Lee Meng Tat, F&N’s chief executive officer for non-alcoholic beverages. Vietnam’s largest milk producer is an example of what F&N wants in an acquisition: a company with market presence, well-known brands, and a strong distribution network, he said. “The ideal situation is of course to acquire,” said Lee, referring to F&N’s efforts to expand in Southeast Asia, where he said the company is a “distant third” to U.S. soft drinks giants PepsiCo Inc. and Coca-Cola Co. “That would give us a much faster way into the market.” Singapore-based F&N has S$971.8 million … [Read more...] about Thai billionaire’s F&N seeks deals in race with Coke, Pepsi