100 stock market millionaires in 2007

VietNamNet Bridge – The net worth of the 100 stock market millionaires in 2007 is much higher than in 2006 as they now have more shares, or enterprises have higher profits.

100 stock market millionaires in 2006

2007’s list of 100 stock market millionaires includes the names of many owners of newly listed companies.

In 2006, the database which VnExpress newspaper relied on to select the 100 stock market millionaires were the prospectuses of nearly 150 companies. The total assets held by 650 individuals listed on the prospectuses were valued at VND37.2tril ($2.325bil), or 4% of Vietnam’s GDP.

This is the second year the newspaper conducted this survey and announced the 100 richest shareholders. The surveyors used reports made public by 237 of 253 companies listed on the Hanoi and HCM City bourses by December 31, 2007.

2,900 individuals have been listed in said companies’ prospectuses, who have total stock assets totaling VND86.4tril ($5.4bil), or 7.6% of GDP.

The assets of the 100 richest shareholders reached VND72tril ($4.5bil), of which 65 males hold VND49tril ($3.06bil) and 37 females hold VND21tril ($1.4).

Dang Thanh Tam, Chairman of Saigon Investment Group (SIG) tops the list. In 2006, when only one member of SIG, the Tan Tao Industrial Zone Development Company (ITA) listed, Mr Tam ranked 35^th among the 100 richest; at the time he held VND375.1bil ($23.43mil) of Tan Tao’s shares.

In 2007, Mr. Tam’s assets increased considerably as another member of SIG, Kinh Bac Investment Company (KBA) also listed. With 30mil Kinh Bac and 4.2mil Tan Tao shares, Mr. Tam now has VND6.3tril ($393.75mil), 2.5 times higher than 2006’s number one spot.

The assets of Mr. Tam’s family have also increased considerably over the last year. Mr Tam’s younger sister, Dang Thi Hoang Phuong, jumped from 52^nd in 2006 to 11^th this year, her assets up by 8 times (VND1.4tril or $88.93mil). Dang Thi Hoang Yen, the older sister, though she did not make capital contribution to Kinh Bac Company, has also seen her assets increase from VND371.7bil ($23.23mil) in 2006 to VND1.3tril ($78.25mil) in 2007, jumping 36^th to 15^th.

The year 2007 saw the appearance of new names on the list of 100 stock market millionaires. Vincom, Hoa Phat and Nam Viet only listed on the bourse in the second half of the year, but this still put their owners in the ranks.

There are 29 new names total. These include Pham Nhat Vuong, member of Vincom’s management board who ranks second with total assets of VND3.8tril; Chairman of Hoa Phat Group ranks third as he his holding VND3.5tril worth of HPG shares; and Doan Toi, Chairman and General Director of Nam Viet, a seafood company, who ranks fifth with VND2.6btril.

29 names on the 2006 list said ‘bye bye’ this year. Some sold stakes, others bought more shares, but their assets have reduced because of share price decreases. In some cases, their assets have seen increases in value, but rivals have seen even higher increases.

Top 20 stock market millionaires in 2007:

Grades	Names	Listing Companies	Assets (VNDbil)
1	Dang Thanh Tam – Chairman and General Director of KBC, Member of ITA’s Management Board	- KBC - ITA	6,293.400
2	Pham Nhat Vuong, Member of Management Board	Vincom	3,750.926
3	Tran Dinh Long, Chairman	Hoa Phat Group	3,476.200
4	Nguyen Duy Hung – Chairman and General Director of SSI, founding shareholder of PAN, Member of Management Board of VSH	- SSI - Vinh Son-Song Hinh Hydropower Plant - PAN	2,801.181
5	Doan Toi, Chairman and General Director	Nam Viet	2,635.600
6	Tran Kim Thanh, Chairman of NKD, KDC	- Kinh Do Food Processing Company/KDC - Northern Kinh Do Food Processing Company NDC	2.153,740
7	Nguyen Thi Mai Thanh – Chairman and General Director of REE, Member of Management Board of STB	REE Sacombank	1,785.100
8	Truong Gia Binh, Chairman and CEO	FPT	1,701.985
9	Dang Ngoc Lan – wife of Nguyen Duc Kien, Deputy Chairman of Management Board	ACB	1,701.109
10	Nguyen Duc Kien - Deputy Chairman of Management Board	ACB	1,553.329
11	Dang Thi Hoang Phuong – Members of Management Boards of KBC, ITA, sister of Dang Thanh Tam	- KBC - ITA	1,423.350
12	Nguyen Phuong Anh – daughter of Chairwoman Dang Thi Hoang Yen	ITA	1,366.400
13	Tran Hung Huy – Member of Management Board – Son of Tran Mong Hung, Chairman of ACB	ACB	1,365.150
14	Tran Le Nguyen – Deputy Chairman, General Director	Kinh Do Group	1,300.538
15	Dang Thi Hoang Yen - Chaiwoman	ITA	1,252.391
16	Dang Hong Anh – Member of Management Board – daughter of Chairman Dang Van Thanh	Sacombank	1,172.211
17	Tran Mong Hung – Chairman	ACB	1,129.530
18	Truong Thi Le Khanh – Chairwoman and General Director	Vinh Hoan Company	1,113.830
19	Vu Thi Hien – wife of Tran Dinh Long, Chairman	Hoa Phat Group	1,050.596
20	Nguyen Hong Nam – member of PVD’s management board, Deputy General Director of SSI	- PV Drilling - SSI	968.800

(Source: VNE)

Gaza sinks into darkness amid rockets attacks on Israel

Mohamed Nasrallah joined in a long queue outside a Gaza bakery to buy a package of breads worth 2.5 U.S. dollars on Sunday, as Israel has closed all Gaza Strip crossings and barred fuels, basic food supplies and medicine into the poor and densely populated enclave.

The sun sets behind the main Palestinian electricity company, Al-Nuseirat, in the central Gaza Strip. Gaza's only power plant shut down for lack of fuel on Sunday as Israel kept up a blockade of the Hamas-run territory in retaliation for rocket fire. (Xinhua/AFP Photo)

Nasrallah, a 45-year-old father of four, exchanged anger with his countrymen in the queue over the ongoing deteriorating situation in the Gaza Strip amid a major severe humanitarian crisis expected within the coming hours, due to the shortage of fuel, electricity and food.

Gaza's only electrical plant announced on Sunday that it would shut down later in the day after an Israeli border closure blocked the entry of fuel that powers it.

In coordination with the Israeli government, Defense Minister Ehud Barak decided on Friday to close all Gaza Strip crossings, barring fuels to operate the Gaza power plant, fuels for gas stations as well as major food products and medical supplies.

"We were told that there will be no fuels for Gaza at all, and we don't know what to do," said Nasrallah, adding "this means that life will completely stop in every house, every factory, every street and every hospital."

The Palestinian Union of Gas Stations announced that around 180 gas stations all-over the enclave had closed down due to shortage of fuels, while the Palestinian Council of Industry said that 3,900 factories closed down "because they don't have electricity or fuel to operate their electric generators."

Chief of the Palestinian Committee to Confront Closure, Jamalal-Khudari, expected that Gaza Strip would witness the first ever humanitarian crisis "if Israel continues closing the Gaza Strip and barring fuels for operating the main Gaza power plant."

"We call on the world, on the Arabs and Muslims to do whatever they can in order to exert pressure on Israel to stop this policy of punishing and eliminating 1.5 million Palestinians," said al-Khudari.

He said that the whole life in Gaza will stop, "if there are no fuels for Gaza power plant and for vehicles. Consequently, Gaza Strip will sink into darkness, where hospitals, clinics, factories, bakeries ... everything will stop."

Gazans have been living with fuel cutbacks, power and supplies shortages for months. The power plant provides a third of the electricity for the territory's residents, thus the shutdown would largely affect the 400,000 people in Gaza City, which houses the territory's main population.

Palestinian Radio stations in Gaza quoted Israeli army officials as saying that the decision to keep Gaza under strict and full closure "is political, and the army has nothing to do in order to change the decision."

Al-Quds Radio station based in Gaza reported that the Israeli army said that the closure was one of the painful means to pressure on the Palestinians to revolt against militants who fire rockets at Sderot and Ashkelom round the clock to stop it."

Barak's decision came after a week-long of makeshift rockets attacks carried out by Islamic Hamas movement and other minor militant groups against Israel, which launched raids into Gaza since Tuesday and left 37 people dead.

Hamas on Sunday said it had fired over 200 homemade missile weapons, including 160 Qassam rockets, into southern Israel in six days as part of its response to an Israeli offensive into the Gaza Strip.

The Palestinians, however, are divided over the rocket attacks.

Acting Palestinian Prime Minister Salam Fayyad said the rockets "are useless and had only brought disasters to the people." Palestinian President Mahmoud Abbas held that the rockets attacks were "absurd and an Israel excuse to block any progress in the peace negotiations."

Their remarks induced criticism from different militant groups which said that "the rockets are fired to express the status of anger at the Israeli aggression practiced round the clock against our people."

Abu O'beida, spokesman of al-Qassam Brigades, Hamas movement's armed wing, said that "rockets are fired at Israel can't be an excuse for Israel to punish 1.5 million people, whether we fired rockets or we didn't fire, Israel is determined to continue its aggression on our people."

Hamas spokesman in Gaza Sami Abu Zuhri said "if the occupation wants to stop rockets attacks from Gaza at Israel, it should first stop its escalation and its massacres against the people."

"Israel doesn't need excuses in order to escalate its aggression against our people. Israel has been always carrying out aggressive policy and imposing closure on our people for years and years," said Abu Zuhri.

Ordinary Palestinians in Gaza said that both Israel and the militant groups "are responsible for the suffering of the people."

"The useless rockets, which had never killed any Israeli, had just brought us darkness and miserable life," said Husam Abu Fool, a Palestinian taxi driver who said the fuel in his car would only be sufficient for another day or two.

"Each side is convinced with what it does, the militants or the Israeli side. The only side, which really suffers and pays the price, is the poor civilian," said Abu Fool.

VietNamNet/Xinhuanet

U.S. actress Suzanne Pleshette dies at 70

Suzanne Pleshette, the famous and husky-voiced actress best known for her role as Bob Newhart's sardonic wife on television's long-running "The Bob Newhart Show," died Saturday at her home in Los Angeles at age 70, media reports said Monday.

Pleshette, who underwent chemotherapy for lung cancer in 2006, died of respiratory failure, said her attorney Robert Finkelstein, who is also a family friend. Born Jan. 31, 1937, in New York City, Pleshette began her career as a stage actress and was often picked for roles because of her beauty and her throaty voice. Since her movie debut in the 1958 Jerry Lewis comedy "The Geisha Boy," Pleshette appeared in numerous films and is best remembered for playing as a Chicago psychiatrist surrounded by eccentric patients in "The Bob Newhart Show," which ran from 1972 to 1978. Her role as Emily earned her two Emmy nominations. Four years after the show ended in 1978, Pleshette went on to the equally successful "Newhart" series in which she was the proprietor of a New England inn populated by more eccentrics. She married Troy Donahue, her co-star in "Rome Adventure," in 1964 but the union lasted less than a year. In 1968 she wed Texas oilman Tim Gallagher, a marriage lasted until his death in 2000. In 2001 she wed Tom Poston, her long-ago Broadway co-star, who died last year. VietNamNet/Xinhuanet