Page 51 - Forbes - Asia (September 2018)

VINGROUP JOINT
STOCK CO.
VIETNAM
This Hanoi conglomerate was

started by Pham Nhat Vuong,
the wealthiest Vietnamese and
the country’s first billionaire. He
made his first fortune when he
sold his instant noodle busi-
ness to Nestlé in 2010. He then
started Vincom, a developer
of high-end townships, and
Vinpearl, which builds luxury
resorts and hotels. They merged
to form Vingroup in 2012. A
year ago Vingroup launched
Vinfast, an automaker aiming to
produce up to 500,000 vehicles
annually by 2025. Last month it
announced plans to build a tech
hub in Hanoi to expand into ar-
tificial intelligence and big data
and employ 100,000 technol-
ogy students within ten years.

Last year the company saw a 90.1% jump drug and cosmetics stores around the
TVS MOTOR in net income thanks to the government’s country. Started in 2008, the company
INDIA growing eforts to promote high-tech primarily sells over-the-counter products,

he 39-year-old Chennai company is industries. which produced a 39.7% proit margin last
India’s last moped maker and also makes year. It also ofers counseling services and
scooters, motorcycles and three-wheelers. WELCIA HOLDINGS long-term at-home eldercare. Many Wel-
It runs four manufacturing sites—includ- JAPAN cia drugstores stay open until midnight or
ing one in Indonesia—and saw revenue his Tokyo-based retailer operates 1,747 24 hours.
climb 36% and net proit surge 33%, to
$101 million, in its last iscal year. In
WAITING IN THE WINGS
December it took a stake in Bangalore
THESE RISING STARS ARE PRIMED TO CRACK THE FAB 50 IN THE YEARS AHEAD.
electric vehicle startup Ultraviolette
Automotive. COMPANY COUNTRY BUSINESS

AUSTRALIA
UNISPLENDOUR ARISTOCRAT LEISURE BETTING MACHINES
BEIJING ORIGIN WATER TECHNOLOGY CHINA ENVIRONMENTAL SERVICES
CHINA
HONG
CRYSTAL INTERNATIONAL GROUPAPPAREL PRODUCTIO N KONG
Founded in 1999 in Beijing, this company
T
E
EXIDE INDUSTRIES INDUSTRIAL BAT INDIARIES
provides information technology services.
GLOBAL TOP E-COMMERCEWEAR & CHINAAPPAREL
OT
F
O
It traces its roots to the city’s Tsinghua
HOA PHAT IRON GROUP & STEEL VIETNAM
University, and its former chairman, Vic- JUNEYAO AIRLINES AIRLINES CHINA
tor Zhao, is a Tsinghua alumnus and now KUSURI NO FOOD AOKI & DRUG JAPAN STORES
a billionaire. Hailing from a village in SQUARE ENIX HOLDINGSER GAMES JAPAN
P
T
U
CO
M
Xinjiang Province, Zhao worked his way SUNWODA CHINA INDUSTRIAL BATTERIES
through college by helping friends write VIETJET AVIATION AIRLINES VIETNAM
sotware and ixing their television sets. ZTO EXPRESS AIR FREIGHT CHINA
GEORGES LIS/AGEFOTOSTOCK/NEWSCOM
SEPTEMBER 2018 FORBES ASIA | 49