Why Mr. Johnathan Hanh Nguyen choose to invest in education?
23 - 10 - 2019
Mr. Johnathan Hanh Nguyen, Chairman of Imex Pan Pacific Group, an overseas Vietnamese businessman, came back and devote himself into Vietnamese business over 30 years ago.
Vietnamese Entrepreneur’s Day, Thanh Nien Newspaper had a talk show with “the one who opened a new air route” about dedications and devotions for his career path, not only for the present but also the future development of the country…
Nowhere feels like home
Many people known of him from being an overseas Vietnamese who came back for propitious business investments, significantly helped the country from the beginning of change. More than 30 years of business in your origin, what would you like to share about your time in Vietnam?
Mr. Johnathan Hanh Nguyen: Been around the world, we have ascertained that nowhere feels like home. Wherever we are, whatever we do, we always wanted to strive for the better for our country.
Mr. Johnathan Hanh Nguyen
With our advantages, Imex Pan Pacific Group (IPPG) is always consistent with the investment direction into distribution, retail, investments in duty-free and non-aviation business at major airports over the country. IPPG paid more than 1.900 billion VND of tax and created 25.000 jobs on annual average. Besides that, IPPG actively participates in charitable events and organizations such as The Vietnamese Children Fund, Vu A Dinh scholarship fund, For the beloved Hoang Sa – Truong Sa club…
E-commerce of high-end brands
You must own many secrets to successful business at Vietnam? Have you ever faced any difficulties, and how did you overcome it?
Vietnam is a potential developing market with a population of 100 million and the retail market is worth 160 billion USD. This is a huge advantage for Vietnamese businesses. However, there are still many obstacles in business and difficulties, retailers – like IPPG – have to face such as inflation, unexpected changes in global economy, human resources, hard-to-find prime locations, faked goods, hand-carried goods and smuggled goods, …
With more than 30 years of retail goods in Vietnam, we are proud to say that we have built a strong foundation for IPPG regarding the infrastructure and human resources. Currently, many brands have reached IPPG for cooperation and consultant from an experienced and prestigious corporation like IPPG.
We valuate technology as one of the significances in catching up with the trends, optimization and transparency of business. Therefore, IPPG has invested millions of USD for information technology systems and infrastructures, data analytics and smart POS. With an advantage of being a distributor of more than 100 brands so, the next step in evolvement of the corporation is e-commerce, the launching of e-commerce consists of high-end fashion brands will help our retail business in the next 10 years.
The key to success
As an entrepreneur who has traveled to many countries, worked with many global partners, can you share your thoughts about their keys to success, and what can Vietnam learn from them?
With more than 30 years of experience in with the world’s leading brand, we have gained many experiences for ourselves, and applied to our infrastructure and internal management of IPPG. Given this opportunity, I would like to share other basic “rules”:
- Branding: market research and aware of the economic changes domestically and internationally, awareness of self’s ability, hardworking, ambitious, do not believe in luck, practical thinking, endeavor to execute different business strategies;
- Correspond business benefits with community benefits;
- Establish the “Business’s culture” including these criterias: always follow the rules, honesty, transparency, respect the customers;
- Respect the freedom to be creative, focus on practical efficiency, individuals’ encouragement, disciplined, cooperative;
- Because of these values, the business culture is elevated, employees training for appropriate manners including obligations and duties of the business in particular and the society in general;
- In combination of technology and modern techniques adapted to the culture, and business in building brand management and brand promotion.
In September 2019, shared the same happiness with millions of other students in Vietnam, thousands of students from Ngo Thoi Nhiem primary, middle school and high school (District 9, Ho Chi Minh City) has enthusiastically welcomed the new school year. Mr. Johnathan Hanh Nguyen - IPPG Chairman, also Vice President of “For the Beloved Hoang Sa, Truong Sa” Club has been invited to the first day of a new school year.
Generating “funds” for the future
Why did you decide to invest in human resources? What are your expectations towards these investments?
Acquiring and advancing the CEO training and talents, education investment considers to be the most “profitable” investment for the future of the community, families and individuals with a value that cannot be measured. Efficiently training the talents become the main requirement in order for the country to prosper and evolve.
Nowadays, science, engineering, economics, and market are rapidly growing, employees training is not only a basic requirement but a significant factor of development and shorten the gap between our country and others.
With this process, IPPG hopes to make a beneficial contribution to economic – education development of Vietnam, to further development of the country.
Mrs. Le Hong Thuy Tien - IPPG President committed for sponsor for Development Fund of Vietnam National University Ho Chi Minh 10 million USD
At the 10th year anniversary of the Development Fund of Vietnam National University Ho Chi Minh in July, 2019, IPPG has sponsored for Development Fund of Vietnam National University Ho Chi Minh 10 million USD. What are your thoughts about that matter?
For us, investment for education is immeasurable. Human’s knowledge is not given, whereas, education, training, practice are what enriched our knowledge. Education and training has turned the value of society culture into properties of individuals and the society. From those personal properties, each person makes their own contribution to the society, which elevated the intellectual class of the society.
That is to say, education and training are what formed humans, are the reason to determine their abilities, higher the value quality of labor. Enrich human’s intellectual, nourish and resource enhancement are the rational requirements for the development of economic – education.
Mr. Johnathan Hanh Nguyen sponsored 10 million USD for the Development Fund of Vietnam National University Ho Chi Minh to give out scholarship for outstanding individuals in education and community activities.
IPPG hopes to offer a small contribution in the economy – education evolution, pursuing dreams for our country talents. This partnership is expected to train propitious economic managers and CEO which are competent with the pragmatic development of Vietnam’s economy, implement Artificial Intelligence into research, creating a promising economic – technology ecosystem, connects Vietnam closer with global technology and economy.
Thank you Mr. Johnathan Hanh Nguyen!
From 1985, when the country when there were restrictions, Mr. Johnathan Hanh Nguyen went against the stream to open an air route to Philippines, held charity organizations, a pioneer in investment, remittances, … With all the appreciative contributions, in 2015, “the one who open Johnathan Hanh Nguyen honorably received the First-class Labor Medal from the President.
In 2015, the President of Vietnam awarded the Third-place Labor Medal for IPPG and the President - Mrs. Le Hong Thuy Tien. Both of Mr. Johnathan Hanh Nguyen’s sons – Phillip and Louis, being members of the board of director also received certificate from the Prime Minister from the distinguished business achievements and community contributions.
Source: Thanh Nien Newspaper
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