One billion dollars was once the total annual revenue that all theenterprises in the same industry strived to get. Meanwhile, 1 billionUSD is the turnover that a single enterprise can make nowadays. Insightby the English news website VietNamNet Bridge.
Flying high
Vinamilk,the Vietnamese leading dairy producer, has got a license to set up amilk plant in Cambodia, capitalised at 23 million USD.
The project is believed to bring a turnover of 35 million USD by 2015 and 54 million USD by 2017.
Itis part of the company’s strategy on expanding its export marketsworldwide to double its total turnover to 3 billion USD by 2017, listingitself among the world’s 50 dairy producers.
Vinamilk beganjoining the “1-billion-dollar club” in 2010 when it got a turnover ofover 1 billion USD. In 2012, it got 1.3 billion USD and in 2013, 1.5billion USD.
Analysts believe that the targeted turnover of 3billion USD by 2017 is within reach. It put two more big factories intooperation in 2013, increased the investment capital of the project inNew Zealand, and began making its presence in the US.
Vietnamesebusinessmen have every reason to become more ambitious, especially whentheir fellow-countryman Pham Nhat Vuong, with a total asset of 1.5billion USD, has been added into the Forbes’ list of the world’sbillionaires, ranking the 974th among the 1,426 billionaires.
TheVietnamese 44-year-old dollar billionaire, together with his wife PhamThu Huong, now holds 50 percent of stakes of Vingroup, considered thebiggest and successful real estate group.
Starting up in Ukraineas an instant noodle manufacturer, Vuong has become a billionaire aftermaking an important decision on returning to Vietnam in 2001 to investin real estate and tourism sectors.
Vuong, who reportedly ownsthe big real estate projects located on the golden land areas inVietnam, continues developing high-end projects which always attractspecial attention from investors.
The Vietnamese leadingtechnology group FPT, after obtaining a turnover of 1 billion USD in thetwo consecutive years of 2011 and 2012, now nurtures the hope ofearning 1 billion USD a year on foreign markets.
Dreaming high
Other businessmen seem to be more cautious when drawing up theirbusiness plans in the context of the economic crisis. However, they alsocherish ambitious plans.
Hoa Sen Group’s President Le Phuoc Vu has decided that he needs to obtain 1 billion USD in turnover in 2013-2017.
Vuaffirmed that the target is within his reach. Despite the bigdifficulties in 2013, including the weak demand, the oversupply and thesmuggled steel from China, Hoa Sen still got a net turnover of 560million USD.
Therefore, it has every reason to believe that itwould get the turnover of 670 million USD in 2013-2014 and 1 billion USDby 2017, when the global and Vietnam’s economies get better.
Meanwhile, Duong Ngoc Minh of Hung Vuong, a seafood company, hopes to obtain 1 billion USD sooner than Vu, by 2015.-VNA
Flying high
Vinamilk,the Vietnamese leading dairy producer, has got a license to set up amilk plant in Cambodia, capitalised at 23 million USD.
The project is believed to bring a turnover of 35 million USD by 2015 and 54 million USD by 2017.
Itis part of the company’s strategy on expanding its export marketsworldwide to double its total turnover to 3 billion USD by 2017, listingitself among the world’s 50 dairy producers.
Vinamilk beganjoining the “1-billion-dollar club” in 2010 when it got a turnover ofover 1 billion USD. In 2012, it got 1.3 billion USD and in 2013, 1.5billion USD.
Analysts believe that the targeted turnover of 3billion USD by 2017 is within reach. It put two more big factories intooperation in 2013, increased the investment capital of the project inNew Zealand, and began making its presence in the US.
Vietnamesebusinessmen have every reason to become more ambitious, especially whentheir fellow-countryman Pham Nhat Vuong, with a total asset of 1.5billion USD, has been added into the Forbes’ list of the world’sbillionaires, ranking the 974th among the 1,426 billionaires.
TheVietnamese 44-year-old dollar billionaire, together with his wife PhamThu Huong, now holds 50 percent of stakes of Vingroup, considered thebiggest and successful real estate group.
Starting up in Ukraineas an instant noodle manufacturer, Vuong has become a billionaire aftermaking an important decision on returning to Vietnam in 2001 to investin real estate and tourism sectors.
Vuong, who reportedly ownsthe big real estate projects located on the golden land areas inVietnam, continues developing high-end projects which always attractspecial attention from investors.
The Vietnamese leadingtechnology group FPT, after obtaining a turnover of 1 billion USD in thetwo consecutive years of 2011 and 2012, now nurtures the hope ofearning 1 billion USD a year on foreign markets.
Dreaming high
Other businessmen seem to be more cautious when drawing up theirbusiness plans in the context of the economic crisis. However, they alsocherish ambitious plans.
Hoa Sen Group’s President Le Phuoc Vu has decided that he needs to obtain 1 billion USD in turnover in 2013-2017.
Vuaffirmed that the target is within his reach. Despite the bigdifficulties in 2013, including the weak demand, the oversupply and thesmuggled steel from China, Hoa Sen still got a net turnover of 560million USD.
Therefore, it has every reason to believe that itwould get the turnover of 670 million USD in 2013-2014 and 1 billion USDby 2017, when the global and Vietnam’s economies get better.
Meanwhile, Duong Ngoc Minh of Hung Vuong, a seafood company, hopes to obtain 1 billion USD sooner than Vu, by 2015.-VNA
