Phuong Uyen Tran In 2025, the World Bank quietly moved Vietnam into a new category: upper-middle-income economy, with gross national income per capita reaching $4,970, up from $3,590 just four years earlier. Crossing that line, as it turns out, is the easy part. Economists have a name for what tends to happen next: the middle-income… [Read the full article]
Category: Family Business
Built to Walk On
Phuong Uyen Tran At Tan Hiep Phat, we have never measured a company’s character by the comfort it can offer the people around it. We measure it by the strength it helps them discover in themselves. The same, I have come to believe, is true of a person. Circumstance does not decide what someone becomes…. [Read the full article]
What Doesn’t Break Us
Phuong Uyen Tran In the first five months of this year, Vietnam attracted $24.8 billion in foreign direct investment — a 34.9 percent increase on the same period last year, and the highest disbursement rate the country has seen in five years. Manufacturing accounts for more than 70 percent of that total. The number is… [Read the full article]
Built for Tough Times
Phuong Uyen Tran When the US-Vietnam trade framework reduced tariffs on Vietnamese goods from 46 percent to 20 percent last year, most analysts focused on export volumes, supply chain rerouting, and which industries stood to gain the most. What drew far less attention was a quieter shift happening inside Vietnam’s companies — in the composition… [Read the full article]
Why Vietnam’s Private Sector Moment Has Finally Arrived
When a government formally declares that private enterprise is “the most important driving force” of its economy, it is worth pausing to understand what that really means. Resolution 68, passed earlier this year, did exactly that — marking a historic shift in how Vietnam’s leadership views the relationship between the state and the businesses that… [Read the full article]
Why THP’s family extends beyond DNA
Ask someone what family means to them and their first answer will almost certainly involve their parents, siblings and other relatives. But probe a little deeper and there are likely to point to other people in their lives who they describe “as like family to me”. And so it is at THP. Alongside the Tran… [Read the full article]
Why governance is so important for family-owned businesses
Family: what do you come up with if you play word association? I hope the answer involves words like love, security and commitment. It is good to feel all three when operating a family-owned business too. But the key issue is to make sure that the love family members have for each other does not… [Read the full article]
Women: being the Number 1 version of ourselves
One of my favourite days of the years is International Women’s Day on March 8, or Ngày Quốc Tế Phụ Nữ as we call it here in Vietnam. It’s an opportunity to celebrate women the world over and not least the most important ones in my life: my mother, my sister and all my female friends… [Read the full article]
Why the pendulum is swinging back to family-owned companies
For the past couple of years, I’ve used this blog as a platform to examine how THP conceptualises value creation and outline the different processes we’ve put in place to achieve it. I’ve talked a lot about core values, as we view these as the foundation stone for both our short- and long-term success. One… [Read the full article]
Why education is about more than getting a college degree?
Andrew Carnegie, John D. Rockefeller and Henry Ford. All three men were titans of America’s Industrial revolution. Today, they still rank among the richest humans to have ever walked the planet. But what I find interesting is that none of them started their corporate lives after leaving college with formal qualifications. They all worked their… [Read the full article]
