VietNamNet Bridge – Besides the President of the Lam Son Sugar Company, Le Van Tam, who is 76 years old, the list of the listed companies still shows some other businessmen at the age of over 70.

The businessmen with “Nguyen” last name are the most successful

Le Van Tam, President of the Lam Son Sugar Company

Nguyen Bach Tuyet is the only businesswoman found in the list of the presidents aged over 70. Born in 1942 in Quang Ngai province, Tuyet, an agriculture engineer, has been on the post of the Chair of the Board of Directors of VFG since she was nearly 60.

Before Tuyet began holding the post, she held important positions at state management agencies belonging to the Ministry of Agriculture and Rural Development. Especially, she was the Deputy Head of the Plant Quarantine Agency for nine years.

In October 1985, she was assigned to work as the director of a company belonging to the agency.

Tuyet now also holds the post of General Director of Hai Yen Company Ltd.

Entering the HCM City bourse in late 2009, VFG shares were once priced at VND68,000. But the share price fell down dramatically in accordance with the VN Index decrease, reaching the deepest low of less than VND30,000.

VFC’s fiscal year begins on October 1 and finishes on the next September 30. The latest six-month finance report showed that the company has the turnover growth rate of 15 percent, or VND860 billion. The post tax profit has also increased by VND4 billion to VND57 billion.

The good business performance has helped VFG share price increase by 30 percent to VND51,000. However, VFG is not the most wanted share. Only 680 shares were traded in each recent trading session.

Tran Duy Hai, Chair of Cinde, a construction and infrastructure development, CID, is also considered an “old soldier” as he is over 70.

Hai, a civil engineer, worked for the Hai Phong Construction Department since 1969 before he became Deputy Director of the Construction Company No. 4 in 1074 and then the Director of Cinde. After the equitization, Hai has become the President and Managing Director since 2003.

Hai now holds 51 percent of stakes of Cinde, or 553,000 shares.

CID shares were put into transactions on the Hanoi bourse in July 2005, which had the first session closing price of VND17,800. Over the last seven years, CID price once reached VND33,000, but then dropped to VND5,800 on June 5, 2013.

Cinde is not a big enterprise with the capital of VND27 billion by March 2013. The company has reported the Q1 profit which was five times higher than that of the same period of the last year, but it was VND10 million only.

The oldest businessman who is running a listed company is Le Van Tam, born in 1937, President of the Lam Son Sugar Company, LSS.

Tam holds about 1 million LSS shares which have been put into transactions at the HCM City Stock Exchange in 2008, or 2 percent of the chartered capital.

LSS has reported the turnover of VND577 billion in the first quarter of 2013, up by 43 percent over the same period of 2012. However, the post tax profit dropped by 60 percent to VND14.5 billion.

VNE