Tan Hiep Phat Group owned by the family of Tran Quy Thanh is one of the largest Vietnamese owned and wealthiest private corporations.

According to a statement released on April 11 by Tan Hiep Phat, David Riddle has been appointed CEO and legal representative of the beverage corporation.

Tran Qui Thanh, the Chairman of Vietnam’s largest private beverage company Tan Hiep Phat, along with one of his daughter Tran Uyen Phuong, have been arrested in the southern province of Binh Duong on Monday.

Many large corporations, valued at billions of dollars, do not intend to list their shares on the bourse.

 As plastic reduction is becoming an essential trend to save the environment, beverage companies, which still depend on tremendous amounts of plastic materials, cannot opt out of the trend.

VietNamNet Bridge - Tan Hiep Phat, an energy drink manufacturer, is believed to be a ver attractive company to investors, despite its notorious fly-in-a-bottle scandal.

VietNamNet Bridge - The Vietnamese business community thinks the value of tea and energy-drink manufacturer Tan Hiep Phat has decreased to $500 million due to the infamous fly-in-the-bottle scandal.

VietNamNet Bridge - The owner of Tan Hiep Phat, one of the largest privately run conglomerates, could be the second Vietnamese dollar billionaire, according to the Wall Street Journal (WSJ).

VietNamNet Bridge - Businesses in Vietnam now tend to spend big money on media campaigns to polish their images, something they would not do in the past.

Branding experts believe that Tan Hiep Phat company did not make the right move when managing risk in the widely publicized VND500-million housefly case.

 The Ministry of Health's Food Hygiene and Safety Department has instructed the health sector in Binh Duong Province to set up an inter-disciplinary team to inspect production activities at the Tan Hiep Phat Beverage Group in Thuan An Commune.

VietNamNet Bridge – A beverage manufacturer has decided to take legal proceedings against a consumer for alleged blackmail, but the company’s action could do more harm than good.

Though the foreign big guys -- Pepsi and Coca Cola have powerful financial capability which help put them at an advantage in the confrontation with Vietnamese, no one can say for sure that they will surely win the game.

Coca Cola and Pepsi are dominating the fizzy soft drink market, while Tan Hiep Phat controls the still drink market, thus creating a balance in the playing field.