He Went From Novice to Billionaire With Bet on Vietnam Steel

  • The inexperienced Long moved into steel industry in 1990s
  • His firm, Hoa Phat, has pushed his fortune to $1.9 billion
Tran Dinh LongSource: Hoa Phat Group JSC
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Tran Dinh Long had no experience in steel when he decided to gatecrash the industry back in the mid-1990s, betting Vietnam was going to need a lot more of it as the country developed.

“All I had was passion and a lack of fear,” the founder and chairman of Hoa Phat Group recalled.