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Update news Doan Nguyen Duc
VietNamNet Bridge - Hoang Anh Gia Lai Group (HAGL) is facing many challenges: The core businesses are not performing well, while the debt burden is up to tens of trillions of VND.
VietNamnet Bridge - Doan Nguyen Duc, one of Vietnam’s most influential businessmen, had tough days with his business in 2015 and the first days of 2016.
Vietnam’s only one USD billionaire Pham Nhat Vuong retains the top spot, while Doan Nguyen Duc of Hoang Anh Gia Lai slipped to the third position, giving the second spot to the boss of Hoa Phat Group, Tran Dinh Long.
VietNamNet Bridge - While big conglomerates have poured money into agricultural production projects, many of them cannot reap fruit.
VietNamNet Bridge - While FDI in agriculture has dropped dramatically by 30 times just over the last 15 years, domestic investment in the sector has been increasing steadily in recent years.
VietNamNet Bridge – Pham Nhat Vuong (the first Vietnamese dollar billionaire named by Forbes in 2013), Doan Nguyen Duc and Tran Dinh Long all cemented their top positions on the list of 100 Vietnamese richest stock millionaires for 2014.
VietNamNet Bridge – The strong recovery of real estate and seafood shares this year helped a number of wealthy individuals make more money on the stock market.
VietNamNet Bridge – Hoang Anh Gia Lai Group has invested approximately $1.2 billion in Laos to plant corn, sugar cane, rubber and palm in an area of 40,000ha.
VietNamNet Bridge – Vietnam has no lack of fabulously wealthy individuals. Some came by their fortunes the easy way – through inheritance. But far more fascinating are the self-made ones.
VietNamNet Bridge – Vietnamese businessmen not only have big money and power, but they also know well how to use the money to entertain themselves and show up their upper class.
VietNamNet Bridge – The decision by Hoang Anh Gia Lai Group to undergo a “major operation” by selling real estate projects has been described as an unwise move.
VietNamNet Bridge – Vietnamese billionaires, who have incurred big losses due to their too ambitious investment plans, have decided to “sell everything they can” to undergo a severe restructuring to change their look.
Doan Nguyen Duc, the owner of the Hoang Anh Gia Lai Group, could have pocketed the profit of $152 million, or VND3 trillion, if he successfully have bought 20 percent of stakes at Arsenal football club.
After the tour of Arsenal FC, both Hoang Anh Gai Lai Group and Eximbank denied to announce financial details, but according information leaked from the recent conference of the organizing board, the loss is about VND14 billion ($700,000).
VietNamNet Bridge - The total investment of the six plants is about VND4.2 trillion ($210 million). Among them, four plants have become operation and two are expected to complete in 2015.
Hoang Anh Gia Lai (HAGL) Group has released an announcement to reject the information of the London-based environmental watchdog Global Witness on its occupation of land in Laos and Cambodia.
Thirty years after the doi moi (renovation) was kicked off, Vietnam has had a billionaire recognized in the world. Who would be the second billionaire?
VietNamNet Bridge - 2012 is about to pass. Looking back at the business circle, one can see that this was a stormy year for Vietnamese moguls.