Pham Nhat Vuong Viet Nams First Billionaire Introduction
Pham Nhat Vuong: Viet Nam’s First Billionaire Introduction To Management Quang Pham 4/25/16
Synopsis • Pham Nhat Vuong is the founder and chairman of $1. 5 billion (sales) Vingroup, one of Vietnam's largest conglomerates. The company, which gets most of its revenues from selling houses and apartments, is expanding rapidly into retail, logistics, agriculture, education and healthcare. In 2015, Vingroup opened the first safari in Phu Quoc island also opened 7 new shopping malls across the country. Its biggest project, the $1. 5 billion mega-complex Vinhomes Central Park that features an 81 -story skycraper, dozens of apartment buildings and a park resembling New York City's Central Park, is on track to be completed in 2018. Vuong studied in Moscow, then moved to Ukraine where he started Technocom, a maker of instant noodles. He moved back to Vietnam in 2001 and moved into real estate, eventually selling his foods company in 2009 to Nestle. Vuong remains the only billionaire in Vietnam.
Biography • 1 Background • 2 Property developments • • 2. 1 2. 2 2. 3 2. 4 Vincom shopping centers[9] Vinpearl luxury resorts Vinhomes urban developments Other businesses • 3 See also • 4 References Born August 5, 1968 (age 47) Hanoi, Vietnam Residence Hai Ba Trung, Hanoi [1] Nationality Vietnam Alma mater Hanoi University of Mining and Geology[2] Occupation estate developer Organization Vin. Group Home town Hanoi, Ha Tinh
Background • Vuong was born in 1968 in Hanoi while his paternal family has origin in Ha Tinh province in central Vietnam. [3] He grew up in Hanoi and graduated from Kim Lien High School in 1985. [4] In 1987, he entered Hanoi University of Mining and Geology, and had been sent to Moskva to study in Geology University (in Russian: Российский государственный геологоразведочный университет, РГГРУ). He graduated from РГГРУ in 1992. [5] After graduating, he got married to Phạm Thu Hương then moved to Kharkiv, Ukraine. In 1993, he developed Technocom, a market leader in culinary dehydrated products in Ukraine, [6] which he sold to Nestle for $150 million in 2009, before returning to Vietnam. Vuong's first projects in Vietnam were Vinpearl Resort Nha Trang, opened in 2003 and Vincom City Towers (later renamed Vincom Ba Trieu) in central Hanoi, opened in 2004. Vincom went public in 2007. It merged with Vinpearl, Vuong's luxury resort business, in 2007. [7] • In 2015, Vuong was the richest person in the Vietnam with assets totaling 24. 3 trillion Vietnam dong (approximately 1. 1 billion USD), which more than quadrupled those of the second richest person, Tran Dinh Long of Hanoi Hoa Phat Corporation. [8] His wife, Pham Thu Huong and sisterin-law Pham Thuy Hang ranked third and fifth respectively. Technocom noodles & mashed potatoes Pham Nhat Vuong’s relatives
Vincom shopping centers • As of 2015 year end, Vuong's Vincom has opened 16 shopping centers in Vietnam, 5 in Hanoi, 4 in Ho Chi Minh City and one each in Viet Tri, Ha Long, Hai Phong, Da Nang, Bien Hoa, Can Tho and Long Xuyen. • Vincom Ba Trieu (originally Vincom City Towers), Hai Ba Trung, Hanoi, 2004 • Third tower of Vincom Ba Trieu, 2009 • Vincom Dong Khoi, District 1, Ho Chi Minh City, 2010 • Vincom Long Bien, Hanoi, 2011 • Vincom Mega Mall Royal City, Thanh Xuan, Hanoi, 2013 • Vincom Mega Mall Times City, Hai Ba Trung, Hanoi, 2013 • Vincom Ha Long, Quang Ninh, 2014 • Vincom Thu Duc, Ho Chi Minh City, 2015 • Vincom Hung Vuong - Can Tho, Ninh Kieu, Can Tho, 2015 • Vincom Da Nang, 2015 • Vincom Bien Hoa, Dong Nai, 2015 • Vincom Quang Trung, Go Vap, Ho Chi Minh City, 2015 • Vincom Hai Phong, 2015 • Vincom Center Nguyen Chi Thanh, Dong Da, Hanoi, 2015 • Vincom Plaza Viet Tri, Phu Tho, 2015 • Vincom Plaza Long Xuyen, An Giang, 2015 • Vincom Mega Mall Thao Dien, District 2, Ho Chi Minh City, 2015 [10] Vincom shopping center in TP. HCM
Vincom luxury resorts • • Nha Trang (resorts, villas, golf clubs, amusement park) - 5 estates Phu Quoc (resorts, golf clubs) - 2 estates Da Nang (resort, villas) Ha Long (resort) Hanoi (water park, aquarium) - at Royal City and Times City Hoi An (resort, villas), under construction Vinpearl resort in Nha Trang Quy Nhon (resort, villas), under construction
Vinhomes urban developments • Riverside, Long Bien, Hanoi • Royal City, Thanh Xuan, Hanoi • Times City, Hai Ba Trung, Hanoi • Dong Khoi luxury rentals, District 1, Ho Chi Minh City • Gardenia, Tu Liem, Hanoi (under construction) • Paradise Me Tri, Tu Liem, Hanoi (under construction) • Star. City Centre Tran Duy Hung, Cau Giay, Hanoi (under construction) • Central Palace Lieu Giai, Ba Dinh, Hanoi (under construction) • Central Park Tan Cang, Binh Thanh, Ho Chi Minh City (under construction) • Ha Tinh (under construction) • Shophouse, Hai Phong (under construction) • Shophouse, Can Tho (under construction) • Ha Long (under construction) Vinhomes Central Park Tan Can, TP. HCM
Other businesses adayroi. com (Vin. Ecom) - E-commerce Almaz - exhibition and convention services in Hanoi Vin. Charm - spas and gyms in Da Nang, Nha Trang and Hanoi Vincom Office - office rentals Vin. DS - fashion stores Vin. ECo - food supply chain Vin. Mart - supermarket chains in Hanoi, Hai Duong, Ninh Binh, Ha Tinh and Ho Chi Minh City • Vin. Mec - high-end international hospitals in Hanoi and Phu Quoc • Vin. Pro - electronics stores • Vin. School - international K-12 schools in Hanoi • •
Managerial Style • Planning- planned production of noodles and real estate developments. • Organizing- developed Technocom noodles, Vingroup conglomerate which includes Vincom shopping centers, Vinpearl luxury resorts, and Vinhomes urban developments • Leading- first Vietnamese billionaire who wants to make Hanoi and Ho Chi Minh City like Hong Kong and Singapore. • Controlling- his wife and sister- in- law are third and fifth richest persons in Viet Nam, balances capitalism and socialism.
References • • • 1. ^ http: //vnexpress. net/su-kien/top-rich-2015/top 30/pham-nhat-vuong-3338 2. ^ http: //baodautu. vn/chuyen-ve-ty-phu-pham-nhat-vuong-d 17532. html 3. ^ "Tỷ phú Phạm Nhật Vượng đi từ 'không' đến 'có' thế nào? ". Retrieved 13 January 2014. 4. ^ http: //news. zing. vn/Truong-Kim-Lien-gay-bat-ngo-voi-loat-HS-thanh-dat-post 480308. html 5. ^ http: //baodautu. vn/chuyen-ve-ty-phu-pham-nhat-vuong-d 17532. html 6. ^ Nestlé acquires leading culinary company in Ukraine 7. ^ Lan Anh Nguyen The rise of Saigon March 25, 2013 Forbes 8. ^ http: //vnexpress. net/su-kien/top-rich-2015/top 100 9. ^ http: //vincomshoppingmall. com/vi-VN/About. Us/Lichsu-112/2011/Lich-su-phat-trien-thuong-hieu-151 10. ^ http: //kinhdoanh. vnexpress. net/tin-tuc/bat-dong-san/vincom-dong-loat-khai-truong-3 -trung-tamthuong-mai-moi-3331480. html • 11. ^ http: //vinhomes-vincom. com
Forbes- Best Countries for Business Viet Nam – ranked #105 • Profile • Vietnam is a densely populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Agriculture's share of economic output has shrunk from about 25% in 2000 to 18% in 2014, while industry's share increased from 36% to 38% in the same period. State-owned enterprises now account for only about 40% of GDP. Vietnamese authorities have reaffirmed their commitment to economic modernization and a more open economy. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam joined the 12 -nation Trans-Pacific Partnership free trade agreement negotiations in 2010. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value has remained relatively stable since then. Poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. In February 2011, the government shifted from policies aimed at achieving a high rate of economic growth, which had stoked inflation, to those aimed at stabilizing the economy, through tighter monetary and fiscal control. Although Vietnam unveiled a broad, ""three pillar"" economic reform program in early 2012, proposing to restructure public investment, state-owned enterprises, and the banking sector, Hanoi’s progress in meeting its goals is lagging behind its proposed schedule. Vietnam's economy continues to face challenges from an undercapitalized banking sector and non-performing loans weigh heavily on banks and businesses. GDP growth- 6% GDP per capita- $5, 700 Trade balance/ GDP- 4. 9% population- 94. 3 M
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