Vingroup has been among the pioneers in investing heavily in hi-tech agriculture, targeting clean and safe food production. (Photo: vingroup.net)Hanoi (VNS/VNA) - Four Vietnamese tycoons, who have been named in ForbesBillionaires 2018, share a common interest in investing in agriculturaldevelopment or businesses dedicated to benefiting Vietnamese farmers and thepoor.
The richest among them, Pham Nhat Vuong, owner of real estate conglomerateVingroup and Vietnam’s first billionaire named by Forbes in 2012, hasbeen ranked the world’s 499th wealthiest person this year, with a net worth of 5.5billion USD as of March 9.
This is the sixth consecutive year the self-made billionaire has been honouredin the annual Forbes World’s Billionaire List.
Founded in 2002, Vingroup has expanded its presence in many sectors, includingretail, education, healthcare, commercial and hospitality real estate,agriculture and, the latest, automobile production.
Talking to journalists about making it to the top 500 richest men in the world,Vuong said: “I don’t care about that. We will do what we think is good forsociety, good for many people and are capable of.”
“If I just want to spend on one thing or another, I would have stopped my worka long time ago,” Vuong said, adding, “As a human, I cannot live a wastedlife”.
A lot of Vingroup’s products and services in real estate, resorts, health,education and agriculture have earned customers’ trust. They not only helpgenerate huge profits for the company and its owners but also create massivejobs for workers and farmers who have joined the production chain in itsbusiness lines.
Vingroup has been among the pioneers in investing heavily in hi-techagriculture, targeting clean and safe food production. After two years ofoperation, VinEco has produced thousands of agricultural products, includingmany kinds of vegetables, fruits and spices.
More than 200 categories of Vingroup’s products are being produced in automaticcontrol procedures in green houses, such as mushrooms, vegetable sprouts,hydroponic vegetables, melons, cucumbers and baby cucumbers, while applyingadvanced technology from Japan, Israel and the Republic of Korea.
To assist farmers in familiarising with modern agriculture, in September 2016,Vingroup launched the programme “Support and promote agricultural production inVietnam”, which attracted 3,000 applicants. Nearly 800 households have soldtheir products through Vingroup’s retail chains, Vinmart and Vinmart .
In addition to this, VinEco has organised many large-scale training seminarsfor farmers nationwide, attracting 2,000 participants and supporting more than500 households to register for VietGap.
Vingroup’s investment in agriculture has helped change the agriculturalproduction model, support farmers who participate in its production chain withboth capital and technology and secure their businesses by committing to buytheir produce with stable prices.
According to Nguyen Si Dung, former Vice Chairman of the National Assembly’sOffice, VinGroup has contributed to raising labour productivity, creating jobsand paying high income to nearly 50,000 workers, which has had enormous socialsignificance.
Two new entrants in the Forbes list – Hoa Phat Group Chairman Tran DinhLong and Truong Hai Auto Corporation’s (Thaco) Chairman Tran Ba Duong – havealso expanded investments in agriculture-related areas.
Steel producer Hoa Phat Group has invested in animal feed and livestockbreeding as well as cattle and poultry. In 2018, the group is expected tosupply over 20 million chicken eggs to the market and increase Australian beefproduction. In the next five years, it plans to sell 300 million chicken eggsper year, 75,000 beef cattle, 650,000 pigs and one million tonnes of animalfeed.
The Thaco Chairman has opted to invest in agricultural machinery. On February21 this year, Thaco inaugurated a 500-billion VND agricultural machinerymanufacturing plant in the Chu Lai-Truong Hai Industrial Complex in Quang Nam province,which has been built in collaboration with LS Mtron, a company from theRepublic of Korea.
In the first stage, the plant is expected to manufacture 2,000 tractors peryear, 3,000 sets of cultivators and 1,000 combined harvesters.
The only woman billionaire, Nguyen Thi Phuong Thao, may not have directinvestment in agriculture, but her budget airline Vietjet has provided farmerswith opportunities to travel in cheap flights instead of trains or passengercars, contributing to healthy competition in the aviation industry.
According to economist Le Dang Doanh, people used to envy the rich in the past,but now society honours those who are devoted to helping the poor. They arealso an inspiration for the youth, he said.-VNA
The richest among them, Pham Nhat Vuong, owner of real estate conglomerateVingroup and Vietnam’s first billionaire named by Forbes in 2012, hasbeen ranked the world’s 499th wealthiest person this year, with a net worth of 5.5billion USD as of March 9.
This is the sixth consecutive year the self-made billionaire has been honouredin the annual Forbes World’s Billionaire List.
Founded in 2002, Vingroup has expanded its presence in many sectors, includingretail, education, healthcare, commercial and hospitality real estate,agriculture and, the latest, automobile production.
Talking to journalists about making it to the top 500 richest men in the world,Vuong said: “I don’t care about that. We will do what we think is good forsociety, good for many people and are capable of.”
“If I just want to spend on one thing or another, I would have stopped my worka long time ago,” Vuong said, adding, “As a human, I cannot live a wastedlife”.
A lot of Vingroup’s products and services in real estate, resorts, health,education and agriculture have earned customers’ trust. They not only helpgenerate huge profits for the company and its owners but also create massivejobs for workers and farmers who have joined the production chain in itsbusiness lines.
Vingroup has been among the pioneers in investing heavily in hi-techagriculture, targeting clean and safe food production. After two years ofoperation, VinEco has produced thousands of agricultural products, includingmany kinds of vegetables, fruits and spices.
More than 200 categories of Vingroup’s products are being produced in automaticcontrol procedures in green houses, such as mushrooms, vegetable sprouts,hydroponic vegetables, melons, cucumbers and baby cucumbers, while applyingadvanced technology from Japan, Israel and the Republic of Korea.
To assist farmers in familiarising with modern agriculture, in September 2016,Vingroup launched the programme “Support and promote agricultural production inVietnam”, which attracted 3,000 applicants. Nearly 800 households have soldtheir products through Vingroup’s retail chains, Vinmart and Vinmart .
In addition to this, VinEco has organised many large-scale training seminarsfor farmers nationwide, attracting 2,000 participants and supporting more than500 households to register for VietGap.
Vingroup’s investment in agriculture has helped change the agriculturalproduction model, support farmers who participate in its production chain withboth capital and technology and secure their businesses by committing to buytheir produce with stable prices.
According to Nguyen Si Dung, former Vice Chairman of the National Assembly’sOffice, VinGroup has contributed to raising labour productivity, creating jobsand paying high income to nearly 50,000 workers, which has had enormous socialsignificance.
Two new entrants in the Forbes list – Hoa Phat Group Chairman Tran DinhLong and Truong Hai Auto Corporation’s (Thaco) Chairman Tran Ba Duong – havealso expanded investments in agriculture-related areas.
Steel producer Hoa Phat Group has invested in animal feed and livestockbreeding as well as cattle and poultry. In 2018, the group is expected tosupply over 20 million chicken eggs to the market and increase Australian beefproduction. In the next five years, it plans to sell 300 million chicken eggsper year, 75,000 beef cattle, 650,000 pigs and one million tonnes of animalfeed.
The Thaco Chairman has opted to invest in agricultural machinery. On February21 this year, Thaco inaugurated a 500-billion VND agricultural machinerymanufacturing plant in the Chu Lai-Truong Hai Industrial Complex in Quang Nam province,which has been built in collaboration with LS Mtron, a company from theRepublic of Korea.
In the first stage, the plant is expected to manufacture 2,000 tractors peryear, 3,000 sets of cultivators and 1,000 combined harvesters.
The only woman billionaire, Nguyen Thi Phuong Thao, may not have directinvestment in agriculture, but her budget airline Vietjet has provided farmerswith opportunities to travel in cheap flights instead of trains or passengercars, contributing to healthy competition in the aviation industry.
According to economist Le Dang Doanh, people used to envy the rich in the past,but now society honours those who are devoted to helping the poor. They arealso an inspiration for the youth, he said.-VNA
VNA
