VietNamNet Bridge – This way or another, staying ambiguous or making public, Vietnamese big businessmen have shown off their colossal fortunes.

Mr Huynh Uy Dung and his wife

Offering VND100 billion reward to protect wife

The owner of the Dai Nam Tourism Complex--Huynh Uy Dung, has stated that he would reward any one who can prove that his wife – Nguyen Phuong Hang, Deputy Director of Dai Nam JSC, mortgaged his assets for loans and that he has suffered from mental disease.

Dung said a rumor has been spread out recently in Binh Duong province that his wife has mortgaged all of his assets at banks for the loans worth VND2 trillion, and borrowed money from other sources at the exorbitant high interest rate of 3.4 percent per month.

“The rumors have mess up my life and create bad reputation about my family, my wife,” he complained.

“If someone can prove this, I will give him a gift of VND100 billion in cash as a reward,” he said.

In July 2010, at the Dai Nam Temple, Dung made a statement before the 2,000 workers of Dai Nam Company that from that time, he and his wife would not borrow any dong from anybody.

Therefore, Dung said, the rumor about the borrowing means the offence to him and his wife. He affirmed that he does not aim to become a famous person with the statement about the reward, and that he just wants to protect his and his wife reputation.

The businessman informed that in 2013, Dai Nam Company would become a public company which would list shares on the stock market.

“If we died, no one would be able to live”

Dang Thanh Tam, a National Assembly Deputy, the owner of several big investment groups, is a name familiar to many Vietnamese.

The businessman, who once topped the list of the Vietnamese stock millionaires, once said at a National Assembly’s session: “In terms of attracting foreign investment, no other enterprises can be compared with ours. If we died, no one would be able to live.”

When asked about the huge debts his businesses were incurring, Tam said the total debts incurred by his businesses and the Tan Tao group of his sister, Dang Thi Hoang Yen, also a well-known businesswoman, was less than $500 million. Meanwhile, the total chartered capital of the two groups was VND20 trillion.

While local newspapers reported that a lot of listed companies had the ratios of borrowing on chartered capital at 2.2, Tam’s and Yen’s ratio was less than 1, which means “this is still within the safety line.”

“My Kinh Bac Urban Development Group has been compared as “time bomb.” However, in fact, it has been listed in the group 1, which means the group of the best businesses now,” Tam said.

“My money is big enough for spending for three generations”

Doan Nguyen Duc has been well known in Vietnam as the Chair of a famous football club and the Chair of Hoang Anh Gia Lai, a profitable group. He has also been famous because he was the first Vietnamese person who possessed a private helicopter, which he bought with his own money, not the company’s money.

On an interview given on Tien Phong newspaper, Duc said he always works hard, and not because of money.

“My money is big enough to be spent for three generations. I work just because this is my passion,” he said.

Manh Ha