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The first Vietnamese billionaire to ascend to Forbes: surpassed Gou in value and started by selling instant noodles

author:Chinese Chronicles
The first Vietnamese billionaire to ascend to Forbes: surpassed Gou in value and started by selling instant noodles

1、

The richest Chinese in Vietnam

Take advantage of the collapse of the Soviet Union to dig the first pot of gold

On the last day of 1991, the Soviet red flag appeared for the last time over the Kremlin, and after two soldiers lowered it back to the warehouse, it was replaced by a Russian tricolor flag. Dynasties change, times rise and fall, and when the eyes of the world are attracted by the tragedy of the collapse of the building, few people will notice that in the rising smoke, someone sees the opportunity to change their destiny.

He left Moscow and came to Ukraine, the former "granary of Europe" that, after decades of retrogression and sudden collapse, had become the "European grain shortage." Years later, Ukraine also received a more poignant nickname , the " European womb " . Because there are a large number of people engaged in surrogacy and gray industry.

And his idea is also very simple, since the Ukrainian demand for food is so large, let's engage in catering.

At first, he borrowed $10,000 to open a Vietnamese restaurant in Ukraine. Ukrainians who were not accustomed to Eating Vietnamese food can now only be "decent" in cheap Vietnamese restaurants.

But there are still many Ukrainians who can't even afford to eat in Vietnamese restaurants, so he starts making cheaper food , instant noodles.

The $10,000 he borrowed from the restaurant had exhausted all the resources of all his friends and family, and to open a instant noodle factory, he had to borrow usurious loans.

He took everything, borrowed a usury with an interest rate of 8% per month, and built the largest and only instant noodle factory in Ukraine at that time.

He was ready to "become a ren if he doesn't succeed". But there are still many chances of winning in the heart, because instant noodles are too important for Ukrainians. It is unbelievable that Ukraine, which was able to produce aircraft carriers at that time, could not even produce instant noodles, and it was up to a Vietnamese to open the situation.

In 2000, his food company was acquired by Nestlé for $150 million.

The first Vietnamese billionaire to ascend to Forbes: surpassed Gou in value and started by selling instant noodles

Ukrainian instant noodles

In this way, the Vietnamese took advantage of the collapse of the Soviet Union and dug the first pot of gold in hungry Ukraine. With the money, he returned to Vietnam, and years later, he became the first Vietnamese to be on the Forbes Rich List, and in 2021, he ranked 344th on the world's rich list for $7.3 billion, higher than Foxconn boss Terry Gou.

He is Vietnam's richest man, Phan Ri Wang, vietnam's most successful businessman in the 35 years of "innovation and opening up".

The first Vietnamese billionaire to ascend to Forbes: surpassed Gou in value and started by selling instant noodles
The first Vietnamese billionaire to ascend to Forbes: surpassed Gou in value and started by selling instant noodles

2、

Vietnam's most successful entrepreneur

Phan Ri Kwan was born in 1968 to a Chinese family in Hanoi, Vietnam.

Phan Trang Wan's father was serving in the North Vietnamese Air Defense Force, and during the civil war, he was out all the time, and the burden of the family was supported by his mother. In order to make ends meet, the mother borrowed money from relatives to open a tea stall and struggled to survive.

The young Pan Riwang studied hard and achieved excellent results. At that time, Vietnam and the Soviet Union formed an alliance, the Soviet Union often accepted Vietnamese students, as a military family, the descendants of poor peasants, and good grades of Pan Riwang had the honor of being admitted to the Quota for Studying in the Soviet Union, coming to the Moscow Institute of Geological Exploration to study material economics.

Just before Phan Đại Wang studied abroad, in 1986, Vietnam began to transform the "planned economy" of the past, learning from China's reform and opening up and implementing the policy of "innovation and opening up".

Originally, after Pan Riwang returned from studying abroad, he would be assigned to a public institution, become a civil servant, and hold an iron rice bowl, but under the wave of "innovation and opening up", people's thoughts and desires were also released, and it was no longer the best option to be organized to arrange a good life. This was the Ukrainian entrepreneurship of Pan Riwang after the collapse of the Soviet Union.

Back in 2000, Pan Riwang, who sold the company for $150 million, was only 32 years old. He had a great fortune that his family had never had in generations, and he transformed from a poor international student into a billionaire.

As the saying goes: "The rich do not return to their hometown, such as the night of clothing".

At the beginning of the 21st century, Vietnam has been innovating and opening up for more than a decade, and when most countries in Asia were devastated by the Asian financial crisis of 1997, it was one of the few countries that still maintained rapid economic growth.

And what is the most profitable thing to invest in such a country?

Presumably many people already know the answer now, that is, real estate.

Phan Trịn took this very clearly, saying: "Vietnamese people are used to saving money, but people can't sleep on gold bars." Vietnamese, who are also heavily influenced by Confucian culture, are as obsessed with owning their own house as Chinese.

Although Vietnam's per capita income is still at the level of developing countries, years of economic reforms have also created a group of "first to get rich" who have a strong desire to improve their living standards, and a modern apartment is the most important of these aspirations.

The first project Phan Ri Wang invested in Vietnam was a resort in Nha Trang. He copied the model of the Thai Phuket resort, and in order to learn the essence of Phuket, he even ran to the hotel in Phuket with a screwdriver and removed the accessories and studied them carefully.

Vietnam also opened its doors to the world at this time, with the change of economic policy, foreign policy also changed to "less tree enemies and more friends", the friendly attitude attracted foreign investment and tourists, Nha Trang resort project was therefore a fire, but also strengthened Pan Riwang's determination to invest in Vietnamese real estate.

Soon after, he built a large shopping mall, a commercial office building, and a residential apartment in the city. At most, he invested $4 billion a year in real estate, and also took advantage of the relocation of urban factories to acquire a large number of low-cost land, and now has more than 10,000 hectares of land for him to develop.

He once boasted that his ideal was to make "the night view of Vietnamese cities as beautiful as Singapore".

The first Vietnamese billionaire to ascend to Forbes: surpassed Gou in value and started by selling instant noodles

Ho Chi Minh City, Vietnam

In addition to real estate, Pan Ri Wang has also dabbled in mobile phones, automobile manufacturing, education, medical care, e-commerce and other fields, achieved industrial diversification, and successfully listed in Singapore, he also became the first Vietnamese entrepreneur to list abroad.

The first Vietnamese billionaire to ascend to Forbes: surpassed Gou in value and started by selling instant noodles

3、

Those who "got rich first" in Vietnam

The success of Phan Ri Wang is a microcosm of Vietnam's economic development.

In Vietnam's wealthy districts, villas, international schools, and luxury sports cars are all available, while slums are covered only by tiles. In addition to the rich on the surface, there are many legendary "invisible rich". They are noble, seizing wealth through the power in their hands and monopolizing the resources of the state.

For example, Duan Nguyen Duc, who has always been low-key and only became famous because he bought Vietnam's first private jet, started by trafficking in timber. There is also Zhang Meilan, a real estate rich woman who rarely appeared before, but donated 570 million yuan worth of real estate during the epidemic...

Unlike Phan Il-wan, who is bent on going public and constantly raising funds in the stock market, these Vietnamese billionaires prefer to "hide deeply.".

Although the Vietnamese government intends to channel this sentiment to the "oppression and exploitation" of foreign-funded enterprises, especially Chinese enterprises, vietnamese workers in previous years have made trouble in Chinese factories.

However, it has been thrown into foreign capital, which will not only affect Vietnam's investment promotion, but also not a long-term solution.

In 2019, the Vietnamese government introduced a policy to attract investment and to establish a special economic zone to attract foreign investment. This would have been a good thing, and only when money comes in can the economy develop.

However, such a policy has attracted protests and demonstrations from the people.

The average wage in Vietnam is only about 2,300 yuan, and most people live a tight life. Even in Ho Chi Minh City, the economic center of the country, the vast majority of people can only buy a "small electric donkey" to walk, and the city is almost full of 4S stores of the world's luxury cars, and the house price in the central urban area has reached 20,000 yuan.

The first Vietnamese billionaire to ascend to Forbes: surpassed Gou in value and started by selling instant noodles

Vietnam is a country where the economic development of these years has been optimistic about various international institutions.

PwC once issued a report saying that Vietnam's economy will continue to grow from now until 2050, with an average annual GDP growth of 5.1%, becoming the 20th economy in the world and entering the ranks of developed countries.

The excessive gap between the rich and the poor and the serious hatred of the rich by the people are obviously not the standard of a developed country. The imperfection of the distribution system, national laws and economic systems is the only way for a developing country to go. Many countries have lost in this process, they have fallen into the "middle-income trap", want to become a developed country, Vietnam continues to maintain economic growth at the same time, there are still many places to reform.

The first Vietnamese billionaire to ascend to Forbes: surpassed Gou in value and started by selling instant noodles

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