Vietnamese dollar billionaire Pham Nhat Vuong Vuong’s total assets are three times higher than the second richest billionaire Nguyen Thi Phuong Thao, chair of Vietjet Air, who has $2.5 billion. From early March, when Forbes released the list of the world’s billionaires, to early August, Vuong’s total asset value increased by $1.5billion. This is attributed to the continued price increase of VIC shares of Vingroup where Vuong holds 26.18 percent of shares. VIC market share price has increased by 10 percent compared with March. Unlike these two businesspeople, Ho Hung Anh, chair of Techcombank, has seen his assets decrease by $200 million in value because of the price decrease of TCB shares. Since March, TCB price has decreased by 25 percent. Meanwhile, the stock assets of Tran Ba Duong, chair of Truong Hai Automobile (Thaco) and Nguyen Dang Quang, chair of Masan Group, remain stable. The two billionaires have $1.7 billion and $1.3 billion, respectively, worth of … [Read more...] about How rich are Vietnamese dollar billionaires?
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Nguyễn Anh Đức performs at the AFF Suzuki Cup 2018. VNA/VNS Photo Viet Nam News Striker Nguyễn Anh Đức is considered a “magnate” of Vietnamese football. Not only has he achieved a lot on the field – the most important thing for a professional footballer – he has also been a success in his business dealings. Playing for V.League 1’s Becamex Bình Dương since 2006, Đức has helped his team win the national premiere league in 2007, 2008, 2014 and 2015; the National Cup in 2015 and 2018; and reach the semi-finals of the AFC Cup in 2009. He won the Vietnamese Golden Ball award in 2015 as well as the Vietnamese Silver Ball award in 2017. He was top scorer in the top flight in 2017. At the age of 33, Đức helped Việt Nam lift the ASEAN Football Federation (AFF) Suzuki Cup 2018 after 10 years of waiting. Thanks to his contribution, Đức won the Silver Ball award. The … [Read more...] about Star striker Đức inspires young footballers
The fast-growing country will be only the third Southeast Asian nation to host an F1 race as the glitzy franchise seeks to tap new regional markets after an $8 billion takeover by U.S. firm Liberty Media last year. Hanoi, confirmed as host on Wednesday, was far from an obvious choice: it's not the richest city in the region, and motorsports remain on the fringe in the football-mad nation. But with its 10-year F1 deal worth tens of millions, Vietnam has promised to succeed where some other Asian countries, India, South Korea and Malaysia, have not. Facing financial strains, all three pulled the plug on hosting the race in the past five years, a warning sign for ambitious cities tempted to enter the costly sport. "They (F1) can't really afford a failure," said Laurence Edmondson, ESPN's F1 editor. Asia's shining example is Singapore, whose glittering, downtown night race quickly became a mainstay of the F1 circuit. In the right market, F1 races can rake in tens of millions of dollars … [Read more...] about Pitlanes and pitfalls: Vietnam’s bid to avoid F1 flop