Re:Vietnam’s Richest Man Bets $2B to Sell Cars to Americans
by bicolao on Tuesday December 10, 2019 @04:56AM
(#21751120)
> You know that it literally means 'Noodles From Vietnam'
It's short for (Mi) (Vi)et (Na)m, which is basically Vietnamese Noodles. You can already guess "Mi" is noodles in Vietnamese.
Re:Vietnam’s Richest Man Bets $2B to Sell Cars to Americans
by SenHeng on Tuesday December 10, 2019 @01:01AM
(#21750038)
Moral of the story, know when to pivot.
Re:Vietnam’s Richest Man Bets $2B to Sell Cars to Americans
by threw4324 on Tuesday December 10, 2019 @02:28AM
(#21750421)
Amusingly, Nepal's (only?) billionaire also appears to have taken this route.
https://www.wealthx.com/featured/2015/the-nepalese-billionai...
Re:Vietnam’s Richest Man Bets $2B to Sell Cars to Americans
by albertshin on Friday December 13, 2019 @06:29PM
(#21786600)
Samsung started off as a small trading store / company and later became a sugar refinery. Lotte (another Korean conglomerate) started off selling gum during wartime. Even Nike initially started off with Phil Knight simply being the importer for Japanese Onitsuka Tiger shoes.
This is why I think it makes total sense for good early stage investors to invest in people and teams (as opposed to the ideas). The category or industry they're operating in today is just a small taste of what they're capable of.
Mivina instant noodles were a staple food for me as a kid. It was a very Ukrainian brand to me. I was telling my Vietnamese friend about these glorious noodles, and she told me "You know that it literally means 'Noodles From Vietnam' in Vietnamese, right?".
Turns out, Mivina is a brand of Phạm Nhật Vượng's, which grew out of his (not too successful) restaurant.
He grew the Mivina business instead, and eventually sold it to Nestle for $150M - and then 10X'd that with a resort/real estate business in Vietnam.
A pity he didn't stay in Kharkiv, I say.
[1]https://en.wikipedia.org/wiki/Ph%E1%BA%A1m_Nh%E1%BA%ADt_V%C6...