Sep 15, 2012

Vietnam - The big bugs in the Vietnamese business circle

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VietNamNet Bridge – Most of the Vietnamese big fish and influential businessmen have injected money in many different fields.

Businessman, football club chair and banker

If enumerating all the titles of Do Quang Hien, it would require much space on the name card.

Hien is now Chair of the Board of Directors and CEO of T&T Group. He is also the Chair of the Board of Directors of the Saigon-Hanoi Bank (SHB), and Chair of a series of other companies, including SHS, a securities company, SHF, a fund management company, SHB Land, an urban area and industrial zone development company.

Hien started his business with the establishment of the T&T Technology and Trade Company Ltd in 1990s. T&T got involved in many production fields, from motorbike, electronics, refrigeration engineering to mobile phone trade, but the brand has not been well known to people.

In 2000, T&T became the main shareholder of SHB, which was once the rural Nhon Ai Bank in Can Tho.

When Hien came to meet the shareholders of Nhon Ai Bank to discuss the investment deal, no one thought that he would be the owner of the bank, because he was not showy as people thought a big businessman should be.

After becoming the owner of SHB, a series of companies have been established, including SHS, SHF and SVIC, an insurance company.

In Vietnam, Hien has been well-known as a the owner of T&T Football Club in Hanoi, which was set up in 2006. The football club made SHB and T&T brands more familiar to people. Hien himself admitted that the football club has brought a very big intangible value to his business.

Nowadays, when talking about Hien, people would say he is a banker and football club owner, rather than the head of the T&T Group.

The instant noodle, thick soy sauce producer and banker

Nguyen Dang Quang, First Deputy Chair of Techcombank, one of the best banks in Vietnam, has been better known as the Chair of Masan Group (MSN), a consumer goods manufacturer.

In fact, Masan does not have much significance for consumers, who are more familiar with Chinsu thick soy sauce, or Omachi instant noodle.

The big fish got well-known in 1990s when he sold instant noodle and thick soy sauce to Russian. In 2002, when Quang brought Masan brand from Russia to Vietnam, the products with the brand had soon dominated the domestic market.

In the banking sector, Quang joined Techcombank as Deputy General Director in 1995. Then he became the first Deputy Chair of the Board of Directors of the bank until now.

Quang and his relatives are now holding 1.5 percent of the bank’s stakes only, but he is still one of the most influential portraits of the bank. Meanwhile, the bank’s officers have revealed that to some extent, Quang is even more powerful than many other leaders of the bank.

Being second in command in a business, but owner of a bank

In the Vietnamese business circle, Ho Hung Anh is also a well-known name. He is now Chair of Techcombank, Chair of Techcom Capital and Techcom Securities. He is also Deputy Chair of Masan and Member of the Board of Directors of Masan Consumer.

The portrait who “has a long arm” is just Deputy Chair of Masan Group, second in command to Nguyen Dang Quang. However, in Techcombank, Hung Anh is the most important name with five percent of stakes, while Quang is just the second to Anh.

The mysterious businessman

He is called the “mysterious businessman”, because people had known nothing about him until the takeover of Sacombank. Though Be was believed to be a powerful businessman, people did not know exactly how powerful he was.

He is Tram Be, who, together with his relatives, is the member of the Board of Directors of Phuong Nam Bank, Sacombank, Phuong Nam Gold and Jewelery Company, Phuong Nam Securities and many other companies.

Compiled by Thu Uyen


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