Amazed at the Billionaire Wealth of Young “Plastic” Gia Minh



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Tuesday, December 1, 2020 13:28 PM (GMT + 7)

Known as the second most “willing” teenager in Saigon with a collection of super cars and big brands, young plastic master Minh also holds the position of CEO at Long Thanh Plastic Group.

Surprised at the young man's multi-million dollar wealth

Plastic of young master Minh with his supercars.

Referring to the young plastic Ming, many people will immediately think of supercars of the same brand and the “swinging” times are unlike anyone else.

However, few people know that the origin of this young woman is Long Thanh Plastic, a giant plastic industry with an annual turnover of billions of dong.

Minh Plastics whose real name is Pham Tran Nhat Minh (SN 1983) is the only son of Mr. Pham Van Muoi – Managing Director of Long Thanh Plastic Co., Ltd. (Long Thanh Plastic) and is the heir to develop this business.

The 36-year-old is currently the Deputy Managing Director of Long Thanh Plastic, responsible for supply management, finance, accounting, administration, personnel and production.

Long Thanh Plastic is a family business founded in 1990 owned by Mr. Pham Van Muoi. Currently, the company has quickly become a big name in Vietnam’s plastics industry.

This is a well-known company in Vietnam plastics industry, with a number of featured products such as plastic pallets, plastic waves, industrial garbage, plastic safes and spare parts, electronic components.

As of December 31, 2019, Long Thanh Plastic’s share capital was VND 90,650 million, of which Mr. Pham Van Muoi owned 43.67% of the share capital, and Ms. Tran Thi Bach (wife of the Mr. Muoi). 33.89%, Mr. Pham Tran Nhat Minh owns 19% and Mrs. Nguyen Thi Phuong Thuy (ex-wife of young master Minh Plastic) owns 3.44%.

According to data from Nhadautu.vn, in the past 4 years, Long Thanh Plastic’s revenue has reached around 1,000 billion VND.

However, the corresponding net profit made is quite modest, of which 2018 was only 53 billion VND, in 2019 it was 95 billion VND.

Also, Long Thanh Plastic’s capital structure is quite healthy, with a very low liability rate. At the end of 2019, the liability would be 61.8 billion dong, the previous year it was 49.1 billion dong.

At the end of last year, Long Thanh Plastic’s total assets were 881.3 billion dong, the capital was 819.5 billion dong, an increase of 12 percent and 11 percent year-on-year, respectively.

These data show that Long Thanh has a fairly large capital scale among domestic plastic companies.

This partly proves the saying of the young master Minh Plastic in an interview on the CafeBiz website: “This is a big problem that worries all Vietnamese plastic companies a lot. But it can be said that capital is such a thing. We can confirm that until now, Long Thanh Plastic does not borrow money from anyone ”.

In addition to owning a large number of shares in a business with billions of revenue per year, Minh Plastic currently owns the world’s most “terrible” supercar models, such as Pagani Huayra, Bugatti Veyron, Lamborghini Murcielago LP670-4 SV, Ferrari 485 Italia and the most recent are Lamborghini Aventador LP700-4, Rolls-Royce Ghost and Rolls-Royce Phantom.

The models used on Minh Plastics’ commutes have names like BMW, Mercedes-Benz or Mini.

In addition to supercars, the young 8x also displays his passion for luxury watches worth tens of billions of dong such as Richard Mille, a version of “crouching tiger” (genuine list price of up to 18 billion dong ). Patek Philippe Geneve Sky Chart 6103G costs around 10 billion.

These luxuries have partly demonstrated the enormous wealth of the infamous “playful” young man from Saigon.

Source: https: //www.doisongphapluat.com/kinh-doanh/choang-vang-voi-khoi-tai-san-nghin-ty-cua-thieu-gia-m …

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