Following initial success, some Vietnamese businessmen have made daring decisions pouring trillions of dong into huge projects, vowing to turn their conglomerates into businesses of international stature.
Retailers have geared up to spend trillions of dong to expand their networks as more powerful foreign retailers enter the market.
A seminar was held in Tokyo on March 28 to attract investments to the northern province of Vinh Phuc, seeing the participation of more than 120 big firms.
Vietnamese Mobile World JSC last week issued seven million shares worth nearly VND535.5 billion (US$23.56 million) in bonuses for about 900 staff members, the first employee stock option plan (ESOP) ever excuted by a listed retailer in Vietnam.
Mobile World Investment Corporation general director, Nguyen Duc Tai, skyrocketed onto the list of the top 10 richest people on Vietnam's stockmarket after the company's market capitalisation rose to almost VND11 trillion (US$521.3 million) and its shares hit VND175,000 (US$8.30) a share.