A businessman in Vietnam has made a big difference in his teeny business, earning around US$20 million in annual turnover and providing many jobs by tapping his hometown’s hallmark fruit. In 2000, Vo Huy Hoang, 49, who lives in Phan Thiet, the heart of the south-central province of Binh Thuan, started a small business trading in fruits and vegetables, particularly dragon fruits, his hometown’s specialty. His “Rau Qua Binh Thuan” (Binh Thuan Fruits and Vegetables) Co. then had limited capital of VND20 million (US$919) and employed only a handful of workers. Through these years he was single-minded on expanding his company, which now generates approximately $20 million in annual turnover, according to the company’s financial report, and provides jobs for around 200 locals. His factory and premises have swollen from 100 square meters in 2000 to over 1,000 square meters in area now, with specialized sections including preliminary processing, packaging and freezing. The businessman, dubbed ‘Hoang fruits,’ has also launched dragon fruit farms which cover around 20 hectares and meet Global Good Agricultural Practice (G.A.P) standards. Global G.A.P. is a farm management tool created to meet the needs of the domestic and international markets for the quality and safety of products, thus raising the value of qualified farm produce. It also helps boost the efficient use of resources and sustainable agricultural production, contributing to rural development and environmental protection. As the provincial dragon fruit market is overly dependent on China as its main client, it dawned on Hoang that he should take a less-trodden path in getting his fruits exported. “Singapore and Malaysia have steady demand for our dragon fruits, though the demand is not as great as that from China. I’m set on seeking clients from these two countries and making sure their technical requirements are met to forge a long-term partnership with them,” Hoang added. His clientele also includes those in Western Asian countries, Indonesia, Thailand, Canada and the Netherlands. Hoang’s company imports and exports a wide array of vegetables and fruits depending on the season, thus providing jobs for locals all year round. Dang Mat Lan Nhi, a local, said she has worked at Hoang’s firm for eight years. She finds her monthly salary of around VND3.5 million ($161) a month a sufficient, steady source of income, and cherishes her employer’s attention to his workers’ welfare.
More
Vietnam to probe gold traders for possible manipulation as prices soar
The price for gold bars in the Southeast Asian country has risen around 15% this year
Read more
Vietnamese college creates air-conditioned snooze room for students
A student at a major college in Ho Chi Minh City has spent months creating an English-teaching robot, and went on to think of a futuristic school where all teachers are robots shortly after his efforts yielded success.
5 years agoWho is Vietnam’s newly re-elected Party chief?
8 years agoHighlights
Q1 marks highest increase in remittances to Ho Chi Minh City in 3 years
Incoming remittances to Ho Chi Minh City reached nearly US$2.9 billion in the first quarter this year
Photos
Artist paints murals on house to raise awareness of COVID-19 prevention in Hanoi
He drew the virus, vaccine, and earth on the exterior walls of a house
Latest news
Vietnamese broker gets 18 years for defrauding Australian investor of $3.2mn
An Australian businessman, John Koon, accused her of defrauding him of a total of $3.2 million
Folk cakes full of flavor, bursting with color on display at festival in Vietnam’s Can Tho
Their main ingredients are sticky rice and vegetables
Q1 marks highest increase in remittances to Ho Chi Minh City in 3 years
Incoming remittances to Ho Chi Minh City reached nearly US$2.9 billion in the first quarter this year
Vietnam's FPT Retail plans 400 new pharmacies amid phone market challenges
The expansion will bring the total number of FPT Retail’s pharmacies to 1,900
100-year waxy flesh coconut tree fest to be held in Vietnam’s Tra Vinh
Dua sap, which literally means waxy flesh coconut in Vietnamese, has no water in it, and is full of white greasy jelly-like fresh when fully ripen
Enjoy free admission to many Ho Chi Minh City museums today
Visitors entitled to free admissions need to present their ID cards or student ID cards so as to enter these places
Vietnam’s No. 1 female badminton player qualifies for Paris Olympics
This marks her second Olympics participation
Breakfast @ Tuoi Tre News - April 18
Good morning from Vietnam!
Vietnamese girl reported as world’s 1st case containing gene mutation in SEI plus hypertrichosis
She developed symptoms of hard, wavy, scaly, gray skin, mainly on her wrists, elbows, knees, ankles, armpits, back of hands, and insteps, as well as full-body dry skin
Cuban president appreciates Vietnam’s support
President Diaz-Canel remarked that the Cuba-Vietnam relations are special, with both nations always showing great respect for each other