VOV.VN - A dialogue between PM Nguyen Xuan Phuc and the business community opened May 17 at the Vietnam National Convention Centre in Hanoi.
Leading business conglomerate Vingroup, one of the nation’s largest real estate developers and a retail sector giant, targets higher revenues but lower net profit this year.
Experts hope that Vietnam's dollar billionaires will spur the development of several business fields and open new value chains.
Vietnam has had two representatives on the Forbes 2017 Billionaires List for the first time, with the female CEO of a budget airline joining a realty mogul who has been among the world’s richest for the last five years.
The 2016 list of stock billionaires showed big changes compared with the 2015 list. Many new faces are on the list, while Pham Nhat Vuong, who topped the 2015 list, fell to number two.
As it is difficult to expand production scale due to the limited land fund in Vietnam, local investors are going abroad to develop their agricultural businesses.
A surge in the share price of a real estate tycoon's construction company rocketed him into billionaire status.
VOV.VN - Pham Nhat Vuong, Trinh Van Quyet, Tran Dinh Long and Le Phuoc Vu are named a few among the most famous and talented businessmen in Vietnam.
Vietnam has great advantages for agricultural production, but in the last 10 years, domestic enterprises have been focusing on the services sector and abandoning the field.
Many of the richest businessmen in the stock market started at very low starting point. However, they have gained big achievements.
Chairman of Vingroup Pham Nhat Vuong is still the only Vietnamese on Forbes' list of the world's richest people, ranked 1,011th. This is the 5th time Vuong was named on this list.
Vietnam’s only one USD billionaire Pham Nhat Vuong, the boss of Vingroup, retains the top spot, while tycoon Doan Nguyen Duc of Hoang Anh Gia Lai Group slipped to the third position, giving the second spot to the boss of Hoa Phat Group, Mr. Tran Dinh Long. The rankings this year saw some changes.
According to the report, Vingroup’s net sales in the third quarter 2015 was VND7,251 billion, a slight decrease of 5%.
While big conglomerates have poured money into agricultural production projects, many of them cannot reap fruit.
Many investors have registered to develop railways, airports, seaports and highways, but developing infrastructure, a lucrative business field, only suits financially powerful investors.
Steel group Hoa Phat has announced plans to establish a company specializing in livestock breeding and animal feed production.
(VOV) - Vietnam’s richest person, real estate magnate Pham Nhat Vuong, got even richer this year and made the Forbes Magazine world’s list of top billionaires for the third consecutive year in a row.
(VOV) - Pham Nhat Vuong, founder and chairman of conglomerate Vingroup, remains the sole Vietnamese cited in Forbes magazine’s annual list of the world’s richest people.
(VOV) - Pham Nhat Vuong has become the first Vietnamese billionaire to enter the list of world’s richest individuals, with total assets of US$1.5 billion as estimated in March 2013.
Vingroup President Pham Nhat Vuong remains the richest investor on the Vietnamese stock market, with assets of more than VND17 trillion (US$808.71 million) in 2011.