Bau Hien revealed the story of producing 2,000 motorbikes/day, enough m.oney to buy the whole neighborhood, closing a bank without bargaining

Thanh PhúcDec 09, 2023 at 06:36

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Bau Hien's group bought aluminum to cast and produce motorbike engines, mechanical processing, painting, finishing, assembling, and testing. The chassis is manufactured from iron pipes purchased from Hoa Phat.

Do Quang Hien was born on October 29, 1962, hometown in Hanoi. He is famous for founding the T&T Hanoi football club. In addition, he also owns 5 other football clubs. That is also the reason why the nickname "Bau Hien" was born.

In 1999, some Chinese partners wanted to find partners to produce motorbikes in Vietnam. Mr. Do Quang Hien (elected Hien) was introduced. "I don't have any m.oney i.n hand, but the partner side suggested that I just need to get a license and they will take care of capital, components and production lines" - Mr. Do Quang Hien recounted.

Bau Hien revealed the story of producing 2,000 motorbikes/day, enough m.oney to buy the whole neighborhood, closing a bank without bargaining - Photo 1

At that time, Mr. Hien had just gone through a big "tribulation". From its "dominant" position in the Vietnamese refrigeration electronics market, T&T Group fell into difficulties, even owing taxes because it could not compete with the massive influx of smuggled products.

"At that time, I was barely able to find a deposit. In addition to working on a project to get a license, there were times when I had to "eat on credit" and "receive guests on credit" every time I received guests" - Mr. Hien said. After that, T&T became one of the first businesses to obtain a license and begin assembling motorbikes. Business is going very well.

Bau Hien revealed the story of producing 2,000 motorbikes/day, enough m.oney to buy the whole neighborhood, closing a bank without bargaining - Photo 2

With this initial success, a large corporation proposed to cooperate with T&T to jointly invest in building the largest motorbike engine, component and motorbike assembly factory in the North, which is the T&T factory. Hung Yen with a total investment value of 300 billion VND at that time.

It can be said that T&T Hung Yen factory is one of the first factories to form the motorbike industry in Vietnam. At that time, T&T bought aluminum to cast and produce motorbike engines, mechanical processing, painting, finishing, assembling, and testing. The chassis is manufactured from iron pipes purchased from Hoa Phat. They also produce tires.

Bau Hien revealed the story of producing 2,000 motorbikes/day, enough m.oney to buy the whole neighborhood, closing a bank without bargaining - Photo 3

According to information from this Group, T&T motorbikes are provided to Vietnamese people in all rural areas and cities at a selling price of 16 - 20 million VND. T&T quickly became the leading domestic manufacturer in the motorcycle market share in 2000 with 180,000 vehicles/year, 3-4 times higher than foreign brands. T&T's vehicles are also exported to Africa.

"At that time, when reporting T&T's production achievements to the Ministry of Industry and Deputy Prime Minister Pham Gia Khiem, he had to ask a big question: "Who is T&T?" Fortunately, when I started building the factory, Mr. I attended and later went down to the factory to check the production line and said that "private people have proactively invested in, built factories, opened factories, and don't wait for the budget anymore." So the price T&T's contribution here is to solve the Government's concerns about the motorbike manufacturing industry" - T&T Group Chairman Do Quang Hien recounted.

Bau Hien revealed the story of producing 2,000 motorbikes/day, enough m.oney to buy the whole neighborhood, closing a bank without bargaining - Photo 4

It is known that to achieve an output of 2,000 cars/day to supply to the market, the Company had to organize 3 24/7 production shifts with more than 2,000 workers. Mr. Do Quang Hien had to eat, live, and sleep with the factory workers and never close the office door.

But because it is so famous, the shops compete with each other on price. There was a time when a T&T dealer sold a motorbike for a profit of 2 million VND, but then sometimes it only made a profit of 50,000 VND. That makes dealers no longer want to sell T&T motorbikes because profits are not high.

Bau Hien revealed the story of producing 2,000 motorbikes/day, enough m.oney to buy the whole neighborhood, closing a bank without bargaining - Photo 5

Then, adding changes in technology and mechanisms causes business activities to gradually decline. However, later, his passion for mechanics still made Mr. Do Quang Hien decide to establish T&T Motor in 2011, investing in a production line and assembling 4-wheeled motorbikes. Branded products. T&T Exotic 'trucks' costing 60-90 million VND, T&T Fushida three-wheeled vehicles... are also bought by many people to transport small goods in the countryside.

Bau Hien revealed the story of producing 2,000 motorbikes/day, enough m.oney to buy the whole neighborhood, closing a bank without bargaining - Photo 6

Going back to Mr. Hien's farewell to the motorbike industry, after making a lot of m.oney from this field, around 2005, Mr. Hien was introduced to invest in a number of rural banks in the West, in Meanwhile, Nhon Ai Bank in Can Tho created sympathy for the 'boss' because the name "Nhon Ai" means Nhan Ai, which is also in tune with the word "Tam" in the name of T&T. It is known that Mr. Hien did not bargain, closed the transaction with the former Chairman of this bank and transferred all the m.oney the next day, starting a new journey with SHB Commercial Joint Stock Bank.

Bau Hien revealed the story of producing 2,000 motorbikes/day, enough m.oney to buy the whole neighborhood, closing a bank without bargaining - Photo 7

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