The number of super-rich individuals with a net worth of at least US$30 million will grow faster in Vietnam than in any other country over the next decade, real estate services provider Knight Frank has said. The UK-based firm said in a recent forecast that the number of ultra-high-net-worth individuals would increase by 166 percent in the country to 293 in 2023. Indonesia is expected to rank second with a growth of 144 percent, followed by Ivory Coast and Kazakhstan with 116 and 109 percent. Knight Frank expects Asian cities to see the fastest growth in the number of ultra-wealthy individuals over the next decade. Ho Chi Minh City, Vietnam's largest urban hub, would head the list with the number rising by 173 percent to 246, it said. The government's recent move to allow foreign investors to own larger stakes in local banks, the ongoing restructuring of the economy by shifting from agriculture to industry, and success in bringing inflation under control should help underpin … [Read more...] about Vietnam wealthy population to grow fastest in the world: forecast
Richest cities in the world
VietNamNet Bridge - 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. billionaires who made the list released on March 3. Forbes estimates that in 2013, Vuong netted US$1 billion through a mix of investments and private equity and real estate deals. He also participated in a high profile venture to construct Vincom Mega Mall Royal City in Hanoi, touted as Asia's largest underground retail and entertainment complex, which contributed to increasing Vingroup's shares by 15% in the past year. Vuong was born in 1968 in Hanoi and earned his first billion dollars entrepreneuring an international food export company in Ukraine named LLC Technocom. He returned to Vietnam in early 2000 and began heavily investing in the country's real estate market. Additionally, he founded Vinpearl Land (VPL) and Vincom Joint Stock Company (VIC) and was elected as President of the Overseas … [Read more...] about Pham Nhat Vuong still in the world’s billionaires list
VietNamNet Bridge - British billionaire Richard Branson, founder Virgin Group, universal symbol of entrepreneurship, was in Ho Chi Minh City on September 12-13 to deliver a keynote speech at a workshop and share his philosophy towards living life creatively. Richard Branson at the workshop in HCMC on Sept. 13. Born on July 19, 1950, Richard Branson is an English investor, billionaire and businessman. World renowned as the owner of the Virgin Group that has more than 400 companies, Branson is most famous for his adventurous lifestyle. With a net worth of about US$4.9 billion, he has been listed by Forbes as the seventh richest citizen in the UK. "Screw It, Let’s Do It" is the title of an amazing book about his personal experience and tells the story of how he dealt with life’s adversities. On this occasion, the British billionaire shared his thought on the responsibility of enterprises, entrepreneurs in environmental protection. Below is the extract: When I was a … [Read more...] about What is success in the corporate world?
Washington has the highest infant mortality rate of all the world's richest capitals, according to a survey highlighting the failure of the world's wealthiest country to prevent high rates of child deaths among its poorest citizens. Save the Children said in a study on Tuesday that 6.6 babies die per 1,000 live births in Washington, making the U.S. capital the most dangerous city in the developed world to be born. In contrast, only 1.6 babies die per 1,000 live births in the Czech capital Prague, which topped the charity's index measuring child survival in the world's wealthiest capitals. Prague was followed by Stockholm, Oslo, Tokyo and Lisbon. The headline figure for Washington masked huge disparities between rich and poor. Babies born in Ward Eight, just 6 km (4 miles) from the White House, were 10 times more likely to die before their first birthday than babies born in the city's most affluent Ward Three, the study showed. "It's survival of the richest," said Carolyn … [Read more...] about Washington is the world’s most dangerous rich city for babies: charity
VietNamNet Bridge - If the world held a contest on the piggyback ability if chickens, it is very likely that Vietnam’s chickens would be the champion in the most convincing way. This prediction is well grounded because according to a recent survey, a chicken in Vietnam "carries" on its back up to 14 kinds of fees. Even chicken eggs have at least three kinds of veterinary fees. When income goes down but the cost goes up, seeking livelihood from agriculture in Vietnam is not easy at all. The dream of a happy life for Vietnamese farmers seems to be a distant one. Piles of fees It is frightening to realize the dozen kinds of expenditures and fees that rice growers have to pay for 1kg of paddy. The most basic fees are expenditures for seeds, fertilizers, pesticides, wages for working the soil, implants, harvesting, operating flood control, canal dredging, payments for the village head’s management tasks, repair of pumping stations and irrigation works, inventory, … [Read more...] about Are Vietnam’s chickens the world’s “strongest”?
VietNamNet Bridge - Among the richest entrepreneurs in the early 20th century were the owner of Co Ba (Ms. Ba) soap brand, the king of waterway transport Mr. Bach Thai Buoi, the 'ancestor' of the paint industry Ms. Nguyen Son Ha. Entrepreneur Truong Van Ben One of the most famous businesspeople in Vietnam in the 1930s was Mr. Truong Van Ben, the owner of Ms. Ba soap brand. At that time, Ms. Ba soap cakes with the picture of a beautiful Vietnamese woman with a kind face was famous across the country and this product even beat foreign brands. To day, Ms. Ba soap brand is still widely remembered by Saigonese and is sold at the Co Op Mart supermarket chain. Mr. Truong Van Ben (1883 - 1956) was born in Cho Lon, Saigon. At age 25, he established a coconut oil factory and then a rice mill, a small-sized rubber plantation and a company to reclaim land in Dong Thap Muoi. In the 1940s, he established the sugar company named Rue de Cambodge (now Kim Bien Market in District 5) and began … [Read more...] about The wealthiest Vietnamese in the early 20th century
VietNamNet Bridge - Truong Ngoc Anh, Le Quyen, My Tam, Dam Vinh Hung, Tang Thanh Ha are on the list of Vietnamese artists who own large assets. This is not an official ranking because the assets of Vietnamese artists is a sensitive topic. No one wants to be considered bragging. These people are considered rich based on four factors: the personal income tax they pay every year, the pay for their shows, their own business and their fixed assets (publicly). Actress Truong Ngoc Anh is rich not by the pay for her cast, but income from her business and advertising contracts. In 2013, she is the brand ambassador of Oriflame cosmetics, with remuneration of hundreds of thousands of dollars. She also attended a lot of events, with remuneration of about $5,000/event and other advertising activities. Truong Ngoc Anh's largest income comes from real estate and restaurants. She has a lot of land in the prime location in Ho Chi Minh City and many villas, condominiums. Singer My Tam is the … [Read more...] about The richest entertainers in Vietnam
VietNamNet Bridge – Viet Kieu (overseas Vietnamese) have set up 3500 businesses in Vietnam which have the total investment capital of eight billion dollars. However, the capital they have invested in Vietnam is just a small part of their financial capability. Than Trong Phuc, Director of DFJ VinaCapital (DFJV), when talking about Viet Kieu's investment in Vietnam, commented that the number of investment projects remains modest, while the quality is below the expectations. … [Read more...] about Viet Kieu investors can be more successful in their business in the homeland
Vietnamese teachers, who specialize in preparing students for the university entrance exam or the entrance exams to the schools for the gifted, are called the “super rich men” because of their huge profits of hundreds of millions of dong a year.Are teachers rich or poor? T has been very famous in HCM City as the mathematics teacher. All the high school students who want to pass the university entrance exam – the most important exam in their lives – want to attend the private tutoring classes of the teachers. The annual tuition a student has to pay to attend T’s classes is 6 million dong. As such, T can earn 420 million dong a year from a class with 70 students. Meanwhile, he runs more than one class, which means that he can earn billions of dong a year. The high income of the teachers has been compared with the huge income of the richest businessmen. However, analysts say teachers can obtain higher profitability than businessmen, because they do not … [Read more...] about Vietnamese teachers are the richest teachers in the world?
(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. With an anonymous source worth at least US$1.6 billion,Vuong ranked 1.092 out of a record setting 1.645 billionaires who made the list released on March 3. Forbes estimates that in 2013, Vuong netted US$1 billion through a mix of investments and private equity and real estate deals. He also participated in a high profile venture to construct Vincom Mega Mall Royal City in Hanoi, touted as Asia's largest underground retail and entertainment complex, which contributed to increasing Vingroup's shares by 15% in the past year. Vuong was born in 1968 in Hanoi and earned his first billion dollars entrepreneuring an international food export company in Ukraine named LLC Technocom. He returned to Vietnam in early 2000 and began heavily investing in the country's real estate market. Additionally, he founded … [Read more...] about Pham Nhat Vuong in the world’s billionaires list