HAGL chief to go to world entrepreneur contest

October 10, 2011 | 16:22

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Doan Nguyen Duc, chairman of Hoang Anh Gia Lai Group, was Saturday named Vietnam’s candidate at the World Ernst & Young Entrepreneur of the Year 2012 Awards in Monte Carlo next June.

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He was chosen ahead of four others who were crowned winners of the inaugural Ernst & Young Entrepreneur of the Year Vietnam 2012 Award along with him.

Launched by global accounting firm Ernst & Young together with the Vietnam Chamber of Commerce and Industry (VCCI), it seeks to honor entrepreneurs whose ingenuity and perseverance have created and sustained successful, growing business ventures.

Doan Nguyen Duc, also chairman of a football club, was last month ranked the 29th most influential executive or official in Southeast Asia in the “Southeast Asia Power List” issued by US newspaper The Wall Street Journal.

He was the richest stock investor in Vietnam in 2008 and 2009, and the second richest last year. His stock holdings as of early September were estimated at VND8 trillion (over $390 million).

Duc was also the first businessman to have a private jet in Vietnam since the war in 1975.

The other winners of the award are Dang Tham Tam, chairman of Kinh Bac Group, Tran Ba Duong, chairman of Truong Hai Auto Corporation, Le Van Quang, chairman of Minh Phu Seafood Group, and Cao Ngoc Dung, chairwoman of Phu Nhuan Jewelry Co.

The Ernst & Young Entrepreneur of the Year Award, instituted in 1986, is given away in over 50 countries.

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