Update news tycoons

In Vietnam, many businessmen have bought Roll-Royce special edition cars priced at tens of billions of VND. But those cars were seized or sold after the owners were arrested or imprisoned for illegal acts.

Two new tycoons worth over US$1 billion on the stock market

Chairman of Phat Dat Real Estate Group, Nguyen Van Dat, and the Chairman of Novaland, another real estate group, Bui Thanh Nhon, have become the latest people who own stocks worth over $1 billion.

Appropriating hundreds of billions of dong, Vietnamese tycoons flee abroad

VietNamNet Bridge - After swindling partners and appropriating huge sums of money, a number of tycoons have fled abroad. Some of them have been arrested, while others have settled down in other countries.

Will casino tycoons return to Vietnam?

 VietNamNet Bridge – A number of casino tycoons have visited Vietnam in recent years, promising  to develop multi-billion dollar casino projects in the country, but then they left. Will they return once their demands are satisfied?

Vietnamese tycoons lost over $85 millions this morning

The stock market fell sharply Thursday morning, possibly due to the psychological impact of the East Sea conflict between Vietnam and China. The session saw the biggest one-day decline since 2001. 

What do rich Vietnamese spend their money on?

 VietNamNet Bridge – The Vietnamese upstarts tend to spend their money on those things which help them show off their full wallets.

Vietnamese tycoons follow Bill Gates’ investment model

 VietNamNet Bridge – A lot of Vietnamese businessmen have set up their own investment companies through which they invest in other businesses.

Tycoons run away from banks

 VietNamNet Bridge – 2013 is a year worth remembering for bankers as it witnesses the leave of a lot of big shareholders from commercial banks. The trend is believed to continue in 2014.

The “godfathers” burdened with huge debts

The year of dragon, the bad year for many Vietnamese businessmen is over. However, the debts still exist, and the big tycoons still have to manage to earn money to pay debts.