But Pham Nhat Vuong, the man most responsible for this $500 million commercial triumph in the heart of what is still officially called Ho Chi Minh City, wasn’t drinking any champagne, cutting any ribbons or giving any speeches. Rather, the 44-year-old quietly watched the ceremony from a front-row seat.
Who is Vietnam’s first billionaire Phan Thanh Vuong?
Phạm Nhật Vượng is a Vietnamese property developer and Vietnam”s first billionaire. Vuong was born in 1968 in Hanoi while his paternal family has origin in Ha Tinh province in central Vietnam. He grew up in Hanoi and graduated from Kim Lien High School in 1985. He graduated from РГГРУ in 1992.
What did Vuong’s first project in Vietnam?
In 1993, he developed Technocom, a market leader in culinary dehydrated products in Ukraine, which he sold to Nestle for $150 million in 2009, before returning to Vietnam. Vuong”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.
Why is Pham’s story so important?
Yet Pham’s story personifies the post-Vietnam War story of this nation, a capitalistic achievement in a country that remains, nominally, communist. PHAM WAS BORN IN HANOI in 1968, the same year as the Tet Offensive, the most momentous year in the war that still shapes Vietnam today.
