Phạm Nhật Vượng
|Alma mater||Hanoi University of Mining and Geology|
Moscow Geological Prospecting Institute
|Known for||The first Vietnamese Billionaire, richest Vietnamese, founder and chairman of Vingroup|
|Spouse(s)||Phạm Thu Hương|
Vượng was born on 5 August 1968 in Hanoi; his paternal family has origins in Hà Tĩnh in north-central Vietnam. His father served in the Vietnamese Army's air defence division, and his mother had a tea shop, which left the family with a very meager income. He grew up in Hanoi and graduated from Kim Lien High School in 1985.
In 1987, he entered Hanoi University of Mining and Geology and was sent to Russia to study in the Moscow Geological Prospecting Institute, for which he was able to obtain a scholarship thanks to his profound mathematical aptitude. He graduated from this university in 1992.
Career as an entrepreneurEdit
In 1990s, Pham Nhat Vuong studied in Russia and started a popular instant noodle business in the Ukraine. Using money borrowed from friends and family, he opened a Vietnamese restaurant in Ukraine, but soon he also started producing and selling instant noodles.
In 1993, he founded Technocom, which would become a market leader in dehydrated culinary products in Ukraine. Vượng sold Technocom to Nestlé for $150 million in 2009, before returning to Vietnam.
Vượng's first projects in Vietnam were Vinpearl Resort Nha Trang (opened in 2003) and Vincom City Towers (later renamed Vincom Ba Trieu) in central Hanoi (opened in 2004). Vincom went public in 2007. It merged with Vinpearl, Vượng's luxury resort business, to form VinGroup in 2007. VinGroup is headquartered in its Riverside township in Long Biên District in Eastern Hanoi.
Besides, in business, Pham Nhat Vuong also strongly believes in using female managers compared to other large companies.
In 2015, Vượng was listed as the richest person in Vietnam with assets totaling VNĐ 24.3 trillion (approximately US$1.1 billion), which more than quadrupled those of the second richest person, Trần Đình Long of Hanoi Hoa Phat Corporation. His wife, Phạm Thu Hương and sister-in-law Phạm Thúy Hằng ranked third and fifth respectively. As of 12 April 2021, Forbes estimated his net worth to be US$9 Billion.
- Nguyên Đức (2 October 2014). "Chuyện về tỷ phú Phạm Nhật Vượng" [The story of billionaire Phạm Nhật Vượng] (in Vietnamese). Báo Đầu Tư Online. Retrieved 7 March 2019.
- "Former owner of domestic Mivina becomes richest man of Vietnam". InVenture. 25 January 2018. Retrieved 7 March 2019.
- "#262 Pham Nhat Vuong". Forbes. Retrieved 12 April 2021.
- Michael Noer (4 March 2013). "Vietnam's First Billionaire And The Triumph Of Capitalism". Forbes. Retrieved 7 March 2019.
- "Tỷ phú Phạm Nhật Vượng đi từ 'không' đến 'có' thế nào?" [How does billionaire Phạm Nhật Vượng go from 'no' to 'yes'?] (in Vietnamese). Tiền Phong. 19 March 2013. Retrieved 13 January 2014.
- Trần Linh (17 November 2014). "Trường Kim Liên gây bất ngờ với loạt HS thành đạt" [Kim Lien School surprised with a series of successful students] (in Vietnamese). Zing.vn. Retrieved 7 March 2019.
- "Phạm Nhật Vượng Forbes Profile".
- Những cặp vợ chồng quyền lực trên thương trường Việt (The most powerful business couples in Vietnam) Báo điện tử Dân Trí.
- "Pham Nhat Vuong". Forbes. Retrieved 5 November 2021.
- Netty Ismail (29 October 2012). "Vietnam billionare [sic] bets on move from gold to land". Bloomberg. The Independent. Retrieved 7 March 2019.
- "Nestlé acquires leading culinary company in Ukraine". Nestlé. 25 February 2010. Archived from the original on 21 January 2015. Retrieved 7 March 2019.
- News, VietNamNet. "Tỷ phú Phạm Nhật Vượng tiết lộ 2 lý do vì sao thường tin tưởng giao trọng trách cho các nữ tướng ở Vingroup". VietNamNet (in Vietnamese). Retrieved 10 June 2021.
- "Top 100 nguoi giàu nhất Việt Nam trên TTCK 2015" [Top 100 richest people in Vietnam on the stock market in 2015] (in Vietnamese). VnExpress. 2015. Retrieved 7 March 2019.