Fish sauce makes Vietnam billionaire’s fortune

Date

January 25, 2018

Author

Bloomberg

Metadata

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Classification code

BW20180125_S1/9

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.