VietNamNet Bridge – Among organizations and individuals of Vietnam named in the Panama Papers are wellknown businesswoman Nguyen Thi Phuong Thao, Chair of Sovico Holdings (the parent firm of private airline VietJet), Vice chair of the HCM City Development Bank and Chairman of SSI Securities Company Nguyen Duy Hung. How did they explain this inclusion on the list? Thao is related to Ariana Hotels & Resort International, based in the Virgin Islands. Ariana Hotels & Resort International is also the former owner of Furama Resort – the property that was acquired by Thao's Sovico Holdings in 2005. Replying to local newspapers, Thao said: "We returned home to invest in Vietnam, acquired Furama Resort and these were normal operations. In 2005, we were an international company, which invest in Vietnam." "Sovico won the international bid to acquire capital contribution from all companies of the Lai Sun Group (Hong Kong) to become a foreign investor replacing the … [Read more...] about What do Vietnamese entrepreneurs named in the Panama Papers say?
10 richest countries in the world
VietNamNet Bridge - According to Forbes, as of November 16, 2015, Southeast Asia had a total of 70 people with assets of $1 billion or more. Vietnam has a sole representative Pham Nhat Vuong, Chairman of the Vingroup, with assets estimated at $1.8 billion. Among the Southeast Asian countries, Indonesia has the highest number of US dollar billionaires, with 17 people. The richest man of this country is R.Budi Hartono, with $8.5 billion. Ranking second is Singapore with 16 billionaires. The brothers Robert and Philip Ng are the richest men with total assets of $7.7 billion. Thailand was ranked 3rd with 15 people with assets from $1 billion or more. Dhanin Chearavanont, Thailand's richest person, is also the richest man in Southeast Asia today. According to the Wall Street Journal, Dhanin Chearavanont business empire is facing many challenges for a number of reasons such as China's economic slowdown, the Russian ruble devaluation and political instability in Turkey. However, this … [Read more...] about Which Southeast Asian country has the most USD billionaires?
VietNamNet Bridge – Rich Vietnamese are becoming better known in the world for the way they spend money. Of the 50 Mercedes-Maybach S600 manufactured for the global market in 2015, Vietnamese clients booked 10. In the past several years, some Vietnamese have been named on the list of the richest men in the world. According to "Billionaire Census 2014" by Wealth-X and UBS (Swiss bank), in 2014 Vietnam continued to be on the list of 14 countries in Asia with USD billionaires. In 2014, the number of USD billionaires in Vietnam increased from one to two, and their total assets rose from $1 to $3 billion. Compared with other countries in the region, the number of USD billionaires in Vietnam remains modest. However, in the world’s super-rich map, Vietnam has made considerable progress. This report does not disclose the names of the 2 USD billionaires of Vietnam but one of them was identified as Pham Nhat Vuong, the chairman of Vingroup, a big real estate group in … [Read more...] about The rich in Vietnam surprise the world
MOSCOW - Russian President Vladimir Putin earned about $151,000 in 2014, less than many others in the presidential administration, according to details of his income declaration published by the Kremlin on Wednesday. Putin's wealth has long been the focus of speculation by opponents who portray him as one of the richest men in the world, allegations he has dismissed. Putin declared ownership of three Russian cars, a trailer, some land, an apartment and a garage. His earnings of 7.65 million roubles compared to about 3.6 million roubles in 2013, which was around $100,000 at the exchange rate a year ago. The Kremlin did not say how much of the 2014 income was made up by Putin's salary, which is not public knowledge, but was raised a year ago. His income declaration has in the past included a KGB pension and interest from bank deposits. Putin earned much less last year than Barack Obama, who was paid $400,000 for his position as U.S. president and had additional income from book … [Read more...] about Putin earns less than many in the Kremlin, documents show
VietNamNet Bridge - Vietnam has one of the the lowest unemployment rates in the world, but it is also ranked as having one of the lowest labor productivity rates.Ministry of Labor, War Invalids and Social Affairs' (MOLISA) as reporting that 871,800 laborers were unemployed in the second quarter of 2014, a decrease of 174,000 from the first quarter. … [Read more...] about Vietnam’s productivity rate remains lowest in the world
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
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
Philanthropist and Microsoft co-founder Bill Gates called on Norway's $800 billion oil fund, one of the biggest investors in the world, to spend more in the poorest countries where little private money reaches. Gates, who runs the US$37 billion Bill and Melinda Gates Foundation, said Norway should set aside a portion of the fund to invest in infrastructure in sub-Saharan Africa and Asia, and buy equity in small enterprises that alleviate agricultural and medical problems. "Norway is by many measures one of the richest countries in the world and you can afford to take some of that money and help out people in other places," Gates said on a visit to Oslo before meeting top government officials. Norway is working on a complete review of the fund, including its investment strategy. Critics say it has become too big and needs to diversify away from stocks, bonds and real estate, and may even need to be broken up into specialized vehicles. Gates argued that spending in poor … [Read more...] about Bill Gates wants Norway’s $800 bln fund to spend more in Africa, Asia
Asia has more billionaires than any other continent, followed by North America and Europe, according to a survey by a China-based wealth magazine released on Thursday. There were 1,453 people around the world with a personal wealth of $1 billion or more as of January, said the Hurun Report, a luxury magazine publisher that compiled the list. Asia had 608 billionaires, North America 440 and Europe 324, it said in a statement. Among individual countries, the United States and China dominated with 408 and 317 citizens respectively on the list, followed by Russia, Germany and India. Mexican telecoms czar Carlos Slim, 73, was ranked as the "Richest Man on the Planet" with a personal fortune of $66 billion. Slim also topped the Forbes magazine annual global rich list last year. US investor Warren Buffett and Amancio Ortega of Spain, founder of fashion brand Zara, were second and third in the Hurun Report list with net worth of $58 billion and $55 billion … [Read more...] about Asia has the world’s most billionaires: survey
The leading entertainment and lifestyle website introduced that Viet Nam owns splendid beautiful landscapes. Tourists who love sea and tropical forests are unable to skip the country on their journeys. Especially, you can find hotel rooms with an incredible cost of about US$10 or even cheaper in Viet Nam. Food, drinks, and transportation are all very cheap as well, so you can travel through Viet Nam for about the same cost as traveling in Laos and Cambodia’, the website said. According to the Richest, India took the lead in the world’s Top 10 cheapest countries for tourism in 2016; followed by Greece, Morocco, the Philippines, Estonia, Laos, Hungary, Guatemala,and Spain./. By Kim Anh … [Read more...] about VN named in Top 10 cheapest countries to travel in 2016