Dang Le Nguyen Vu and President Hoa Sen: They are both hidden, "going to be a monk", leaving trillions for this "power".

Thảo MaiJul 25, 2023 at 09:25

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Dang Le Nguyen Vu and Le Phuoc Vu - Chairman of Hoa Sen Group once caused a stir when they "cleaned up" their peak careers with huge assets to go to the mountains to hide or "take refuge". In particular, both have a very special way to inherit properties.

"Coffee King" goes up the mountain in hiding

Not only being famous for his role as the head of Trung Nguyen coffee brand with a huge fortune or a dispute with Ms. Le Hoang Diep Thao, Mr. Dang Le Nguyen Vu also made people "remember the name" by acting differently: Decided to go to the mountains to hide.

Dang Le Nguyen Vu and President Hoa Sen: They are both hidden, going to be a monk, leaving trillions for this power. - Photo 1

Specifically, the exact time was at the end of 2013, the coffee king with the appearance of a monk, called himself "Qua", and then called everyone "brothers". The place of 'practice' of the great man and the group of people was determined in M'drăk mountain, Dak Lak.

To the surprise of the public, the giant decided to go to the press to share the top of the industry. President Trung Nguyen said that at that time, he needed a period of quiet time, meditation and fasting to clear his mind and think about big things, so he chose to stay away from the hustle and bustle of life below.

After 5 years of practice, on the occasion of the 22nd anniversary of Trung Nguyen Group and the launch of a new coffee product system (2018), Mr. Dang Le Nguyen Vu suddenly appeared in an extremely strange appearance. Without an elegant vest, the giant put on a black ao dai, wide white pants, and a bandana around his neck. With the style of hands clasped together with the way of calling "Qua" and "brother".

Dang Le Nguyen Vu and President Hoa Sen: They are both hidden, going to be a monk, leaving trillions for this power. - Photo 2

What's more special, "Coffee King" also proudly declares that he has the answer to all questions in the world, and at the same time affirms that he will quickly lead Trung Nguyen to become a global dominant corporation.


Recently, the new rock cave - where the giant is practicing has been revealed to the media. In it, it is worth noting that all amenities of modern life such as television, wifi... are completely removed. The right space returns to the old days, separate from the outside world. If there is any information that you want to transmit, Mr. Vu will send a message to the assistant team for support. This way of operating helps him to be able to peace of mind with heaven and earth in the cave.

Dang Le Nguyen Vu and President Hoa Sen: They are both hidden, going to be a monk, leaving trillions for this power. - Photo 3

When asked about the huge wealth of assets, stocks, and luxury cars that will be held by whom, the chairman of Trung Nguyen immediately explained: "At some point, m.oney has no meaning at all. What is it for? Doing nothing. A person's life, if one can contribute philosophical coffee and spread around the world, then that contribution is also a lot!".

Therefore, this giant affirms that his fortune will later be reserved for young people to start a business.

Giant Le Phuoc Vu

Mr. Le Phuoc Vu is currently Chairman of the Board of Directors of Hoa Sen Group. In 2001, with the capital accumulated during 7 years of rolling, he established Hoa Sen Steel Sheet Joint Stock Company with charter capital of VND 30 billion and 22 employees, manufacturing metal roofing products, color coated steel sheets, galvanized steel sheets and other construction materials.

Dang Le Nguyen Vu and President Hoa Sen: They are both hidden, going to be a monk, leaving trillions for this power. - Photo 4

In 2003, Hoa Sen put into operation a color coated steel sheet rolling mill with a capacity of 45,000 tons/year. In 2007, the company increased the capacity of the galvanized steel sheet line to 100,000 tons/year, inaugurated a cold-rolled steel factory with a capacity of 180,000 tons/year. Also in 2007, Hoa Sen Joint Stock Company was renamed to Hoa Sen Group Joint Stock Company. In November 2008, the company's shares were listed on the Ho Chi Minh City Stock Exchange (HoSE) with the stock code HSG.

After nearly 30 years of construction and development, Hoa Sen Group has now become the leading company in the steel sheet market in Vietnam.

When Hoa Sen entered the stage of stable development, Mr. Le Phuoc Vu began to devote time to the Dharma. According to the share, when he was a c.hild, he often went to the temple but at that time did not have faith. After many events in his life, he became enlightened and brought Buddhist philosophy to life with the thought: "Living and working is not for myself but for everyone".

Dang Le Nguyen Vu and President Hoa Sen: They are both hidden, going to be a monk, leaving trillions for this power. - Photo 5

President Hoa Sen officially took refuge in the Three Jewels in July 2020. After that, he declared "to hide in the mountains" and almost did not appear in the media. Currently, he only meets once every 1-2 months from the mountain to the city, and the rest exchanges work by phone. The current intermittent absence, he says, is to train the team below to operate on their own. He said that after ordination, he will not be involved in business activities but only be the spiritual leader of the group.

Sharing with shareholders at the general meeting of shareholders of Hoa Sen Group in March 2023, Mr. Le Phuoc Vu reiterated his announcement of withdrawing from Hoa Sen Group to become a monk in 2026, first shared two years ago. He once said that this is his wish since he was 30 years old, nothing can be shaken and bought land and built a temple in Lam Dong to prepare for this plan.

Dang Le Nguyen Vu and President Hoa Sen: They are both hidden, going to be a monk, leaving trillions for this power. - Photo 6

At the meeting, Chairman Hoa Sen also surprised shareholders when he announced that he would transfer all of his shares into a non-profit fund named Dai Tung Lam Hoa Sen. With more than 104 million HSG shares Mr. Vu is holding, this asset at market price is about VND 1,800 billion.

The chairman of Hoa Sen Group revealed that he did not leave any property to his children because he wanted them to understand how to earn m.oney and how to appreciate and empathize with the poor and the poor.

Dang Le Nguyen Vu and President Hoa Sen: They are both hidden, going to be a monk, leaving trillions for this power. - Photo 7

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