ASIA MARKETS - Key Persons
Job Titles:
- Head Goldman Sachs SE Asia Investment Banking Division
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- Jefferies Head of Asia Investment Banking
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- FTX Executive Was Credit Suisse ‘Risk
As a capital markets analyst for major institutions, Henry Chia has spent much of his career compiling extensive research reports for portfolio managers and clients.
Based in Singapore, Henry is now sharing his insights with the world, as a contributing editor for Asia Markets.
Job Titles:
- Executive Director, Strategic Business Development
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- Lead Citi Global Wealth 's Asia Pacific Economic Analysis
Mario Ho Yau Kwan has stepped out of his father's shadow to become a successful businessman in his own right.
Pham Nhat Vuong began his first small business out of his dorm room in Moscow. Later, he made a fortune by introducing Ukrainians to instant ramen. After becoming wealthy from his dried noodle empire, he founded VinGroup.
Pham Nhat Vuong was born in Hanoi in 1968 where he lived in poverty. His mother ran a tea stand so she could provide for the family. Vuong worked hard to escape poverty and create a life he didn't have growing up. He strived to create a comfortable life for himself and his parents.
Thanks to his penchant for mathematics, Vuong qualified to study abroad. He pursued his education in Moscow, Russia, where he studied raw material extraction. Vuong started a small business while in his third year of studies.
His first business wasn't successful, but he never gave up. He later opened a restaurant in Moscow, which was more successful than his first business. He was still getting the hang of running a business, and unfortunately, the restaurant's success didn't last long.
Vuong went bankrupt soon after. He says this failure taught him to react quickly to market changes and feels this helped him continue his business endeavors.
How did he get his start?
After the collapse of the Soviet Union, Vuong moved to Ukraine, where he opened a Vietnamese restaurant. After this, he created a line of dried ramen noodles.
Ukrainians received the noodle brand well, so he decided to expand beyond his restaurant. He focused on selling dried noodle packets and Vietnamese spice mixes.
He eventually sold off his noodle company to Nestle in 2003. He set his business sights on Vietnam. Vuong decided to develop an island off the coast of Vietnam and create a resort.
The resort was a big success and enabled him to fund further commercial real estate projects. Vuong then merged his real estate and development companies into the VinGroup conglomerate.
VinGroup is the parent company of multiple subsidiaries. Vuong merged VinPearl, which was his resort corporation, with VinGroup. He also runs VinMec, which is Vietnam's largest private hospital group.
What makes his business approach unique?
Vuong uses aggressive business tactics and focuses on innovation and customer service. Under his leadership, VinGroup has become one of the most successful businesses in Vietnam. The company employs over 100,000 people and has an annual revenue of $4 billion.
Similar to Pham Nhat Vuong, his wife Pham Thu Huong is a woman of few words. The couple is more interested in action versus speaking about their accomplishments. Pham Thu Huong rarely attends public events.
Huong grew up in Hanoi and is the vice-chairman of the VinGroup. She and Vuong met when they were living in Ukraine. She studied international law at the Kyiv National University and they've been together ever since.
Together with her husband, Huong works on a shared goal to create an accredited university in Vietnam. She is also deeply involved in VinGroup. Together, they award funds for science and technology research through the VinFuture prize.
Rare appearance of Pham Thu Huong, the wife of #Vietnam's richest man Pham Nhat Vuong, at the VinFuture Prize award ceremony last night. The couple sponsors this multi-million-dollar award. pic.twitter.com/o5RFgHcn47
Pham Nhat Vuong devotes his free time to his family. He attributes his success to his family. Vuong told Tuoi Tre news that "family helped me achieve a balanced life." He brings his son along to meetings to teach his son how he runs his business.
Vuong is religious and identifies as a Buddhist. While Vuong is devout, he doesn't participate in organized religion.
Asia's Heroes of Philanthropy 2021: Starting last year, Vietnam's richest man Pham Nhat Vuong has given over $320 million to pandemic relief in the country. https://t.co/VJb82y3t3x pic.twitter.com/vaeeicaCtj
Pham Nhat Vuong is well-known in Asia. He is the first Vietnamese billionaire and founder of VinGroup, however his story starts from very humble beginnings.
Job Titles:
- Appointed Board Chair at Nomura Singapore
Nomura Singapore Limited today announced the appointment of Tan Tee How as Chairman of its board of directors.
Yao Hsiao Tung is married to Wong Huey Fang, a fellow investor. She is also a high net-worth individual, and together she and her husband own all of the Hi-P shares. Madam Fang works for Hi-P as the chief administrative officer. She and Tung do not have children.
Yao Hsiao Tung is a billionaire businessman who manages Hi-P International Pte. Ltd. in Singapore. Not many people have heard of Tung, but he is a great success story and an inspiration.
Yao Hsiao Tung was born in China in 1939 but moved to Taiwan with his family when he was five. His family lived in poverty, and he experienced bullying.
Yao Hsiao Tung has a net worth of around US$1 billion. He earned his high net worth from business ventures and investments, most notably the tech company Hi-P.
In 2009, Tung and his wife owned more than half of Hi-P shares, and in 2017, his holdings jumped to 83%. Now, Tao Hsiao Tung owns the entire Hi-P company and still leads the company.
Yao Hsiao Tung is a relaxed individual known for his down-to-earth personality. He dresses casually and works in a simple office, and his no-nonsense way of doing things has enabled him to lead Hi-P successfully.
Tung is a driven worker willing to do whatever it takes to succeed. In an interview for Next Insight, he said, "I really enjoy work. That's why I seldom relax. You won't believe it, but people say that I have a lot of energy for someone of my age."
Tung follows a healthy lifestyle, and he often credits his diet for his prolonged good health. He also enjoys swimming and going for long walks.
What is Yao Hsaio Tung doing now?
Yao Hsiao Tung is in charge of strategic direction and operations at Hi-P. He is also the principal investor in the company and owns 100% of Hi-P shares.
He has no plans to retire soon and is a hard worker who continues to lead his company to success. Yao Hsaio Tung said in a 2009 interview that he is ready to step back from the company when the time comes. However, since then, he has only increased his success with Hi-P. Tung led his company to victory through the 2008-2009 financial crisis and, recently, the 2020 COVID-19 global pandemic.
Right now, Yao Hsiao Tung is focusing on adapting his company to the changing world markets. His best move recently was navigating the 2020 pandemic, when Hi-P thrived more than ever.
As more people work from home, technology production is rising consistently, and Tung is currently at the forefront of the industry.
Yao Hsiao Tung is a fascinating example of the value of hard work and opportunity. He was born in poverty and rose to a $1 billion net worth from investing and working in the technology industry.
Tung is a billionaire businessman with a fighting spirit. He used his difficult beginnings to learn the value of perseverance and discipline. His years working ceaselessly for his company have led him to success, and nothing in his life came from sheer luck.
Tung credits his "fighting spirit" as his reason for success. "A tough life can polish you, and you develop a fighting spirit. I have benefited from it," he stated in an interview.
Yao Hsiao Tung is a man dedicated to hard work, perseverance, and dedication, and he is one of the most intriguing billionaires working in Singapore today.