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The Vietnamese shining heirs


The Vietnamese shining heirs
 02/03/2021
  
14:29
GMT+7
The next-generation of billionaires’ families own trillions of dong worth of stocks and run large businesses.
 
The successor of Duc Giang Chemicals
Do Huu Duy Anh works for his family-run company, Duc Giang Chemicals Group JSC. Before studying abroad, Anh was sent by his father to the factory in Long Bien district in Hanoi to work as a construction worker. Returning to Vietnam, he became the assistant to the CEO and two years later became deputy CEO of the company at the age of 25.
He took the office as CEO of Duc Giang six years later. Now Anh, 33, holds VND300 billion worth of shares. ....

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Billionaires win big on pre-Tet days


Billionaires win big on pre-Tet days
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 03/02/2021
  
10:30
GMT+7
The enterprises of billionaires Pham Nhat Vuong, Ho Hung Anh, Nguyen Dang Quang and Nguyen Thi Phuong Thao have reported good business results for 2020.
Nguyen Dang Quang
Masan Group fulfilled its business plan set by the shareholders’ meeting with consolidated net revenue of VND77.218 trillion, up by 107 percent from 2019 and net profit of VND1.234 trillion to be allocated to shareholders.
Nguyen Dang Quang
Masan’s revenue increased sharply thanks to the admission of VinCommerce in early 2020. However, as the supermarket chain still incurred a loss, the group’s profit decreased considerably compared with the year before. VinCommerce for the first time had a positive EBITDA ....

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Business managers make big money as share prices rise


Business managers make big money as share prices rise
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 15/12/2020
  
08:48
GMT+7
The managers of large corporations have made big money recently as share prices have soared.
PNJ managers
PNJ shares of Phu Nhuan Jewelry unexpectedly witnessed a sharp price fall of 6.9 percent on December 10 to VND73,000 per share, which caused the capitalization value of the enterprise to decrease by VND1.24 trillion.
Tran Hung Huy of ACB
PNJ had increased sharply in the last four months, from VND50,000 per share in late July to VND78,500.
Two months ago, PNJ announced a plan to issue 2.3 million ESOP shares to workers, equal to 1.03 percent of total amount of shares in circulation. ....

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