Friday, 19 April 2024

Pham Nhat Vuong, Chairman,Vingroup

Vietnam

Champion's Profile

"Net worth: $7.3 billion Pham Nhat Vuong studied in Russia and started a popular instant noodle business in the Ukraine which he sold to Nestle for $150 million in 2009, before returning to Vietnam .Vuong chairs Vingroup, one of Vietnam's largest conglomerates with interests in real estate, retail and healthcare among others. He turned some investments into non-profit ventures, including some in healthcare, education and sports. He also built a center of contemporary art."

UNDP SDG

Education, health care programs andassistance for the poor

Description and impact

The Kind Heart Foundation is a non-profit organization established by Vingroup to undertake humanitarian and charity missions and “most promptly and efficiently transfer Vingroup employees’ kindness to the community.” Established in 2006, with the entire operating budget funded by Vingroup and its management, the Kind Heart Fund has implemented practical projects and actionable programs for the development of many communities, with priority given to benefiting disadvantaged families and families with meritorious service to the revolution. These include: taking care of women awarded the “Heroic Vietnamese Mother” honour, supporting beneficiaries of social welfare and preferential government programs, helping poor but studious students, supporting economic development for poor provinces, assisting victims of natural disasters, and underwriting charitable and humanitarian projects that construct educational, cultural and public health centres.