Domestic businessmen getting more ambitious: report
One billion dollars was once the total annual revenue that all the
enterprises in the same industry strived to get. Meanwhile, 1 billion
USD is the turnover that a single enterprise can make nowadays. Insight
by the English news website VietNamNet Bridge.
One billion dollars was once the total annual revenue that all the
enterprises in the same industry strived to get. Meanwhile, 1 billion
USD is the turnover that a single enterprise can make nowadays. Insight
by the English news website VietNamNet Bridge.
Flying high
Vinamilk, the Vietnamese leading dairy producer, has got a license to set up a milk 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.
It is part of the company’s strategy on expanding its export markets worldwide to double its total turnover to 3 billion USD by 2017, listing itself among the world’s 50 dairy producers.
Vinamilk began joining the “1-billion-dollar club” in 2010 when it got a turnover of over 1 billion USD. In 2012, it got 1.3 billion USD and in 2013, 1.5 billion USD.
Analysts believe that the targeted turnover of 3 billion USD by 2017 is within reach. It put two more big factories into operation in 2013, increased the investment capital of the project in New Zealand, and began making its presence in the US.
Vietnamese businessmen have every reason to become more ambitious, especially when their fellow-countryman Pham Nhat Vuong, with a total asset of 1.5 billion USD, has been added into the Forbes’ list of the world’s billionaires, ranking the 974th among the 1,426 billionaires.
The Vietnamese 44-year-old dollar billionaire, together with his wife Pham Thu Huong, now holds 50 percent of stakes of Vingroup, considered the biggest and successful real estate group.
Starting up in Ukraine as an instant noodle manufacturer, Vuong has become a billionaire after making an important decision on returning to Vietnam in 2001 to invest in real estate and tourism sectors.
Vuong, who reportedly owns the big real estate projects located on the golden land areas in Vietnam, continues developing high-end projects which always attract special attention from investors.
The Vietnamese leading technology group FPT, after obtaining a turnover of 1 billion USD in the two consecutive years of 2011 and 2012, now nurtures the hope of earning 1 billion USD a year on foreign markets.
Dreaming high
Other businessmen seem to be more cautious when drawing up their business plans in the context of the economic crisis. However, they also cherish 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.
Vu affirmed that the target is within his reach. Despite the big difficulties in 2013, including the weak demand, the oversupply and the smuggled steel from China, Hoa Sen still got a net turnover of 560 million USD.
Therefore, it has every reason to believe that it would get the turnover of 670 million USD in 2013-2014 and 1 billion USD by 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 a milk 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.
It is part of the company’s strategy on expanding its export markets worldwide to double its total turnover to 3 billion USD by 2017, listing itself among the world’s 50 dairy producers.
Vinamilk began joining the “1-billion-dollar club” in 2010 when it got a turnover of over 1 billion USD. In 2012, it got 1.3 billion USD and in 2013, 1.5 billion USD.
Analysts believe that the targeted turnover of 3 billion USD by 2017 is within reach. It put two more big factories into operation in 2013, increased the investment capital of the project in New Zealand, and began making its presence in the US.
Vietnamese businessmen have every reason to become more ambitious, especially when their fellow-countryman Pham Nhat Vuong, with a total asset of 1.5 billion USD, has been added into the Forbes’ list of the world’s billionaires, ranking the 974th among the 1,426 billionaires.
The Vietnamese 44-year-old dollar billionaire, together with his wife Pham Thu Huong, now holds 50 percent of stakes of Vingroup, considered the biggest and successful real estate group.
Starting up in Ukraine as an instant noodle manufacturer, Vuong has become a billionaire after making an important decision on returning to Vietnam in 2001 to invest in real estate and tourism sectors.
Vuong, who reportedly owns the big real estate projects located on the golden land areas in Vietnam, continues developing high-end projects which always attract special attention from investors.
The Vietnamese leading technology group FPT, after obtaining a turnover of 1 billion USD in the two consecutive years of 2011 and 2012, now nurtures the hope of earning 1 billion USD a year on foreign markets.
Dreaming high
Other businessmen seem to be more cautious when drawing up their business plans in the context of the economic crisis. However, they also cherish 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.
Vu affirmed that the target is within his reach. Despite the big difficulties in 2013, including the weak demand, the oversupply and the smuggled steel from China, Hoa Sen still got a net turnover of 560 million USD.
Therefore, it has every reason to believe that it would get the turnover of 670 million USD in 2013-2014 and 1 billion USD by 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
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