Fish sauce makes Vietnam billionaire’s fortune
Excerpt
For Vietnamese consumer tycoon Nguyen Dang Quang, placing his fish sauce and other "must-have" condiments in the kitchen shelves of just about every home in the country has helped make him a billionaire. Shares of Masan Group, which produces the sauce made from fermented fish that’s widely used in Vietnamese cuisine, have more than doubled in the past six months, compared with the 37 percent gain in Vietnam’s benchmark VN Index. That lifted the net worth of Quang, the company’s chairman and founder, to $1.2 billion, according to the Bloomberg Billionaires Index.
Citation
Fish sauce makes Vietnam billionaire’s fortune. (2018, January 25). BusinessWorld, p. S1/9.
Associated content
Online versionSubject
Fish silage; Human food; Fermented products; Investments; Economics; Marketing; Plekhanov Russian Economic University; National Academy of Sciences of Belarus; Masan Group; Bloomberg Billionaires Index; Kantar Worldpanel Vietnam; Sunflower Construction Co.; Ministry of Planning and Investment; Korea Investment & Securities; KKR & Co.; Masan Nutri-Science; Vingroup; Vietjet Aviation Joint Stock Co.; Anjoubault, David; Nguyen, Dang Quang; Ho, Hung Anh; Vu, Xuan Tho; Pham, Nhat Vuong; Nguyen, Thi Phuong Thao
Collections
- BusinessWorld [478]
Related items
Showing items related by title, author, creator and subject.
-
Joint exploration with China in WPS is the better approach — JPE
(Manila Bulletin,March 17, 2018 , on page 1-7)The United Nations arbitral court had issued a decision rejecting China’s historical claim over most parts of the SCS and favoring the Philippine claim over parts of the Spratly island chain and the Scarborough (Panatag) ... -
Agriculture before the 2016 elections
(Philippine Daily Inquirer,January 10, 2015 , on page B3)At the start of 2015, we should focus on agricultural development instead of being unduly distracted by the 2016 elections. This especially applies to the possible misuse of the Department of Agriculture's (DA) proposed ... -
Vibrant Oceans Initiative backs Oceana PH drives
(Manila Standard,November 17, 2018 , on page A5-A5)The Philippines has been selected anew by Bloomberg Philanthropies as one of the priority countries for its Vibrant Oceans Phase II—making an investment of USD $86 million, it said in a press statement. The fund is to be ...