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With new 'business model', billionaire Pham Nhat Vuong could earn $1.5 billion


With new business model , billionaire Pham Nhat Vuong could earn $1.5 billion
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 20/05/2021
  
08:01
GMT+7
Billionaire Pham Nhat Vuong has launched a new system that is expected to help Vinhomes bring in about $1.5 billion in 2021.
Vinhomes Joint Stock Company (VHM) has released documents of the 2021 annual general meeting of shareholders, which set a goal to earn after-tax profit 45% higher (to VND35 trillion - $1.5 billion) year on year, and revenue of VND90 trillion.
The revenue of Vinhomes continues to come from mega-urban areas Vinhomes Ocean Park, Vinhomes Smart City, Vinhomes Grand Park and a number of new projects. ....

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Six ultra-wealthy people have combined $17 billion


Six ultra-wealthy people have combined $17 billion
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 13/04/2021
  
09:00
GMT+7
Six Vietnamese businesspeople have been named in Forbes’ list of the world’s richest billionaires.
FPT President Truong Gia Binh
The richest dollar billionaire was Pham Nhat Vuong, in the 344th position in the world with $7.3 billion. This is the ninth consecutive year that Vuong has been listed on Forbes’ list of wealthiest people. He ranked 286th last year with asset value of $5.6 billion.
The second and third positions belonged to CEO Vietjet Nguyen Thi Phuong Thao with $2.8 billion and President of Hoa Phat Group Tran Dinh Long with $2.2 billion. ....

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Foreign investors remain upbeat about Vietnamese market


Foreign investors remain upbeat about Vietnamese market
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 28/02/2021
  
08:29
GMT+7
Despite the recent resurgence of the COVID-19 pandemic, the majority of foreign businesses remain optimistic for 2021 with some expansion plans.
Foreign investors are seeing great prospects in Vietnam
 
Foreign investor Foxconn Singapore Pte., Ltd. has recently decided to pour an additional $23 million into the Fukang Technology Factory in the northern province of Bac Ninh, bringing the total investment capital of this project to $293 million. The project was granted investment licenses in mid-January.
Foxconn is recruiting 1,000 electronic assembly workers for its factories in Vietnam. Workers will work at the industrial parks (IP) of Dinh Tram, Quang Chau, a ....

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