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Last updated: Wednesday, January 16, 2019

 

Dai Nam JSC’s CEO: Unwavering Dedication to Create Legacy for Life

Posted: Wednesday, April 26, 2017


Spending tens of trillions of Vietnamese dong on his investment projects but pledging to give all profits to philanthropy is done not to polish his name, but to do something meaningful for the next generations. This is the legacy Entrepreneur Huynh Uy Dung, General Director of Dai Nam Joint Stock Company, wants to make.

Trailblazing in industrial park development
Entrepreneur Huynh Uy Dung is well-known for being a trailblazer in industrial development and investment attraction in Binh Duong province.

In the 1990s, Binh Duong province’s socio-economy was at a low level. Lying close to Ho Chi Minh City - an industrial growth engine of the nation, Binh Duong province’s economy was, however, mostly agriculture-based. The province seemed to have only a few small industrial factories scattered in residential areas. Being very quick-minded, Dung, who was born in Song Be (Be River) land, soon recognized the local potential and development opportunities. For him, to develop the economy, there was no other way rather than develop the industry. But, at that time, industrial development was very difficult. “It is like a chicken-and-egg story. Which came first, the chicken or the egg? To register an enterprise, you must have land and to have land you must have an enterprise,” he recalled.

To develop the industry, he immediately thought of investing in industrial zones. He shared his thoughts with others but they called him “crazy.” But, he smiled and said, “Not crazy, not Huynh Uy Dung.” Indeed, he had already thought it over.

Setting aside advice, he studied “doi moi” (renovation), industrialisation and modernisation policies of the Party and the State, and applied new mechanisms after the Foreign Investment Law took effect in Vietnam. From 1990 to 1993, he worked hard to realise his intentions and asked the permission for pilot construction of Binh Duong Industrial Park. After the quick success with this project, he commenced the construction of the 178-ha Song Than 1 Industrial Park. Without doubt, Binh Duong and Song Than 1 industrial parks were the first stepping stone in industrial development of Binh Duong province.

After the success of these two industrial parks, many investors came to Binh Duong province to register investment projects. Dung thus asked the province for construction of Song Than 2 and Song Than 3 industrial parks. He attracted hundreds of investors and generated hundreds of thousands of workers. He has been contributing to accelerating the industrialisation and modernisation process, making Binh Duong an industrialised province.

Creating legacy for life
After industrial park projects went into their trajectory, entrepreneur Dung embarked on Dai Nam Wonderland. Regarding this trillion-dong tourism project in Binh Duong province, a place little known tourism potential, many people said that he was “crazy”. Like the answer 10 years earlier, he did this project not only for profit, but he wanted to make something meaningful, a legacy for life, for next generations.

As a word spoken is past recalling, Huynh Uy Dung embarked on the idea of building one of the largest tourism projects in Vietnam. The project was kicked off in March 1999 and officially inaugurated and operated in November 2008. The project consisted of two phases with a total budget of up to trillions of Vietnamese dong. As he wanted to make a legacy for life, he had spent all his time and effort on planning the execution of a greatly unprecedented project. Only by setting foot in Dai Nam Wonderland, you will understand how hard Dung has worked to build this masterpiece.

Recently, Dung made another splash when he spent US$100 million building the Dai Nam Racecourse, which came from his wife, Nguyen Phuong Hang’s idea. Commenced in mid-2016, commissioned on January 29, 2017 and expected for official operation on April 30, 2017, the 60-ha, over 20,000-seat racetrack is powered by advanced technology imported from Germany, France, America, Japan and South Korea.

The racecourse, considered to be the largest in Vietnam, meets international standards and serves a variety of sports such as horseracing, dog racing, miniature F1 racing (Pro Kart), Jet-ski racing, fly-board and stunt motor, competed by world-class athletes.

In addition to a series of masterworks in Dai Nam Wonderland, a cultural, sports and tourism complex, Huynh Uy Dung is endeavouring to achieve his dream of building 18 shrines. This is his lifetime devotion. To date, he has built six shrines, with the rest to be constructed and completed in the shortest time. “I am building shrines to commend the holy gods and creators for helping us to this day. To parents and grandparents, I am filial. To the country, after returning from the army, I do business to help develop it. To the gods, I build temples. To my compatriots, I create jobs for them,” Dung said.

Unparalleled compassion
Devoting his life to carry out a series of projects, he has however never tried to earn money for his own, all he creates will give to the society and the community.
In 2014, he and Ho Chi Minh City University of Medicine and Pharmacy Hospital signed a cooperation agreement to carry out a charitable heart surgery programme. Accordingly, Dai Nam Joint Stock Company will donate all the profit to the “Heart of Hearts” Programme in 16 years in a bid to provide free heart surgeries for poor children with congenital heart diseases across the country. Every year, the programme provides heart surgeries for 500 - 1,000 patients, costing VND70 billion a year.

In addition, he has implemented many religious and educational support programmes in order to build, restore and repair schools, temples and vocational centres for people with disabilities in many provinces and cities. When asked about his generosity, he added that “I think that people have four types of gratitude: First, ancestors and parents who give birth to us; second, the fatherland; third, the heaven and Buddha; and fourth, the compatriots. Knowing this, I thought about repaying the debt of gratitude to the four. After many years of hard work, I seem to have been a successful person. Thus, when I have what I want, I want to share it with everyone.”

Quoc Hung








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