Hoa Phat Group has chosen CMC Corporation as a strategic consulting partner to help accelerate its digital transformation journey in the next 5 years.

The family of Vietnam’s steel tycoon Tran Dinh Long will mark a turning point in power if Long’s son successfully buys more shares of Hoa Phat Group (HPG).

Currently, local production of hot rolled coil, a key input material for cold-rolled steel and other pre-painted galvanized steel sheet, cannot meet domestic demand.

Many large corporations have incurred losses after investing in agriculture projects, but money continues flowing into the agriculture sector, while investors are preparing to ‘play big’.

Hoa Phat and Truong Hai, companies owned by newly recognized dollar billionaires Tran Dinh Long and Tran Ba Duong, respectively, are leaders in their industries but also investors in agriculture.

Nguyen Dang Quang has been recognized as the third Vietnamese dollar billionaire. Pham Nhat Vuong, the first Vietnamese dollar billionaire, has seen his stock assets approaching the $5 billion threshold. 

When Minister of Industry and Trade Tran Tuan Anh denied there were special group interests in licensing the Ca Na steel complex project, the ministry’s website showed information that indicated support for large-scale steel projects.

 VietNamNet Bridge – While many moguls are pouring huge amounts in agriculture, some investors are quietly retreating from the field.

 VietNamNet Bridge - Not only earning huge profits annually, the owners of big groups are also the largest debtors of banks with loans up to hundreds of millions of US dollars.