Millionaire story of a “buffalo boy”

A man from the southwestern region of Vietnam started his business with a female buffalo that was then extended to hundreds of buffaloes, earning him annual revenue of over a billion VND.

Though busy during the last days of the lunar year, Mr. Nguyen Hong Ngu, a resident of Long My district in Hau Giang province, spent time to tell us his “destiny”: becoming wealthy from buffaloes.

Resting on a meadow, he shared his childhood memory about buffaloes. When he grew up, he chose the buffalo to start his business.

“Twenty-seven years ago, Luong Nghia land was so heavily contaminated with alum that there was only one crop per annum. Only about 600 kilograms of grain per labor per crop were harvested. What frustrated me was thzt no buffalo was available for the crops.

Back then, I had just got married. I decided to take the money and gold received from the wedding to purchase a female buffalo for VND5 million. I just thought of using the buffalo for our own crop, not yet getting rich from it,” said Ngu.

The buffalo was not only used for his own farm. It was rented by his neighbors too. At the end of the harvest, Ngu bought nearly one tael of gold. A couple months later, the buffalo got pregnant. Ngu started to develop her breed. “So far, I have had a herd of hundreds of buffaloes. The first buffalo was dead after delivering 16 calves."

His buffaloes are raised in different southern provinces, namely Hau Giang, An Giang, Dong Thap, etc. for trade convenience. Every day, the buffaloes are out in the grass field and soak in the water for about an hour. Then, they return to the stables for the lawn. “Cutting lawns is a hard job but does not cost much money as food does for pigs, chicken, and ducks,” said Ngu.

Ngu uses 20 acres of land for grass for the buffaloes. When there is no grass on the meadow, he has to buy rice roots from newly harvested fields. During these times, the buffaloes are well fed and chubby.

VND3 billion house from buffalo sale

Ngu bought cheap thin and weak buffaloes to nurture them. He sells them when they are healthy and meaty. Annually, he sells 500 buffaloes for meat, bringing him a profit of over VND500 million (nearly $25,000). He also sells the calves of 40 female buffaloes, earning about VND600 million.

Other strong and healthy male buffaloes are rented out for crops. “At the year end, those male buffaloes return to me. They don’t cost my energy or time but bring income.” Totally, he earns more than a billion per annum.

From his childhood experience, Ngu knows what buffaloes like and how to take care of them. Understanding them well, he can sell them at a better price than other people. “The good and healthy buffalo has small hips and big buttocks. Buffaloes are gentle when meeting humans,” said Ngu.

 

Nowadays, Ngu owns such a huge number of buffaloes that whenever tens of buffaloes are caught in the West, they probably belong to him. Whenever there is a good meadow, there are Ngu’s buffaloes. They are a great asset. Thanks to the business, he owns 200 acres of land.

The cost of a female buffalo is about VND50 million. A young female buffalo costs VND30-VND40 million. “I sold 110 young female buffaloes for over VND3 billion to build a house. My family has a better life from the buffalo business. Whenever I hear about land opportunity, I sell some buffaloes for land,” said Ngu.

Chuyện làm giàu của tỷ phú trâu ở miền Tây ai nghe cũng mê

Mr. Ngu and his buffaloes.

Chuyện làm giàu của tỷ phú trâu ở miền Tây ai nghe cũng mê
Chuyện làm giàu của tỷ phú trâu ở miền Tây ai nghe cũng mê
Chuyện làm giàu của tỷ phú trâu ở miền Tây ai nghe cũng mê
Chuyện làm giàu của tỷ phú trâu ở miền Tây ai nghe cũng mê

Thien Chi

Making buffalo statues at 500-year-old pottery village in Hoi An

Making buffalo statues at 500-year-old pottery village in Hoi An

Weeks before the lunar New Year (Tet holiday), craftsmen of Thanh Ha pottery village were busy making buffalo statues – the mascot of the new lunar year to serve customers.

Buffalo in Vietnamese culture

Buffalo in Vietnamese culture

The upcoming Lunar New Year marks the beginning of the Year of the Buffalo - the second animal in the 12-year cycle of the Vietnamese zodiac. 

 
 

Other News

.
Vietnam aims for 7.5-8% growth rate in next 25 years
Vietnam aims for 7.5-8% growth rate in next 25 years
FEATUREicon  16/03/2021 

To become a developed country by 2045, Vietnam needs to obtain a GDP per capita of $20,000 per annum. As such, it needs to reach a GDP growth rate of 7.5-8 percent per annum in the next 25 years.

Tay father and daughter travel 150km to Hanoi to practice English
Tay father and daughter travel 150km to Hanoi to practice English
FEATUREicon  17/03/2021 

In front of her smartphone camera, Ha Lam Truc, 11, confidently speaks English, performs her favorite rap songs, and dubs famous movies.

Life begins anew for man who receives arm transplant
Life begins anew for man who receives arm transplant
FEATUREicon  17/03/2021 

Pham Van Vuong, 32, from Thanh Tri district in Hanoi, uses both hands to pour out tea into a cup when receiving guests. His arm transplant, which came from the body of a 51-year-old man, has become part of him and he can now feel it and move with it.

Practical skills matter as much as degrees
Practical skills matter as much as degrees
FEATUREicon  16/03/2021 

Public servant management should not be focused on professional degrees but practical skills.

New approach to Vietnamese social networks
New approach to Vietnamese social networks
FEATUREicon  16/03/2021 

"The new-generation social networks of Vietnam must be the product of the third Internet wave, committed to cooperating and sharing benefits with users, and developing in association with users' interests," said Minister Nguyen Manh Hung.

Teachers disciplined after incidents at school
Teachers disciplined after incidents at school
FEATUREicon  16/03/2021 

A teacher in Thanh Hoa was disciplined for drinking beer with students, and a teacher in Binh Thuan fell down the stairs after she was criticized for beating a student. These incidents were among others that caught the public's attention last week.

Businesses lose customers, run out of money, lay off workers
Businesses lose customers, run out of money, lay off workers
FEATUREicon  16/03/2021 

Poor sales, supply chain disruptions, revenue decreases and personnel cuts have all occurred to enterprises amid the Covid-19 pandemic.

Two sets of textbooks will not be available for 2nd graders
Two sets of textbooks will not be available for 2nd graders
FEATUREicon  15/03/2021 

The Ministry of Education and Training has announced that there will be only three sets of textbooks for second graders, including two published by the Vietnam Education Publishing House.

Mobile Money: one decision benefits millions of people
Mobile Money: one decision benefits millions of people
FEATUREicon  15/03/2021 

With Mobile Money, people in mountainous areas or islands can remit money and make payments for goods and services through SMS on their mobile phones.

The birth of quirky firefighting equipment
The birth of quirky firefighting equipment
FEATUREicon  15/03/2021 

A lofty idea to help constrain fires begets a wondrous outcome.

Cua chicken: from a royal dish of yore to a notable cuisine
Cua chicken: from a royal dish of yore to a notable cuisine
FEATUREicon  15/03/2021 

The chicken from Cua land is known for its prime taste and was once served as a royal food hundreds of years ago.

Government officials convicted of public land violations, why?
Government officials convicted of public land violations, why?
FEATUREicon  15/03/2021 

Land scandals like Thu Thiem (HCM City) have revealed distorted land values caused by decisions of officials on authority, Mr. Dang Hung Vo told VietNamNet.

E-government: removing bottlenecks with a new approach
E-government: removing bottlenecks with a new approach
FEATUREicon  13/03/2021 

After two years implementing Resolution No. 17/NQ-CP on e-government, Vietnam has made great progress, adopting a new approach to solving bottlenecks and problems that have existed for a long time.

Businesses borrow VND400 trillion at high interest rates, raising concerns about solvency
Businesses borrow VND400 trillion at high interest rates, raising concerns about solvency
FEATUREicon  13/03/2021 

The financial health of many enterprises that issued bonds in 2020 is getting worse, with profits not high enough to pay bond interest.

Mobile Money paves the way for sandbox mechanism: minister
Mobile Money paves the way for sandbox mechanism: minister
FEATUREicon  13/03/2021 

Mobile Money on a trial basis will create a precedent for applying the sandbox mechanism to other services and new professions to appear in digital society.

Vietnam to form digital government by 2025
Vietnam to form digital government by 2025
FEATUREicon  12/03/2021 

Digital government will be formed by 2025, representing a transition from e-government. The challenge will be management of change.

Despite Covid-19, businesses still make multi-trillion dong investments
Despite Covid-19, businesses still make multi-trillion dong investments
FEATUREicon  12/03/2021 

Instead of staying idle and waiting for the pandemic to be contained, many businesses in Vietnam are making investments, training workers and laying down the foundation to make a breakthrough when the Covid-19 pandemic is over.

Online education: golden land for venture investors
Online education: golden land for venture investors
FEATUREicon  11/03/2021 

Like many other countries in the region, Vietnam is seen as an attractive market for online education startups.

The East Sea is 'magnet' attracting many countries
The East Sea is 'magnet' attracting many countries
MARITIME SOVEREIGNTYicon  11/03/2021 

In early March this year, the East Sea saw the presence of warships from many countries.

Innovation must be associated with the public sector
Innovation must be associated with the public sector
FEATUREicon  11/03/2021 

We must promote innovation in the public sector, and a state management system that is flexible and adaptable in order to utilize all resources in society.

 
 
 
Leave your comment on an article

OR QUICK LOGIN