Tran Duy Hy: "King of plastic products" Duy Tan, about to become Midu's father-in-law?

While Duy Tan plastic products are widely known from civil to industrial, the founder's portrait is still a mystery. Recently, rumors that Midu was about to marry the plastic tycoon once again made the public curious about this businessman.

Who is Mr. Tran Duy Hy?

Chairman Duy Tan - Tran Duy Hy was born in 1959 in the countryside of Vinh Long river. He left Vinh Long to go to Ho Chi Minh City to study mechanical engineering at Polytechnic University. At the age of 28, he founded Duy Tan plastic production complex, combining the word "Duy", the middle name used to call him in a family with many brothers with the same name, and the word "Tan" meaning innovation.

During nearly 40 years of leading the company, this boss has always maintained a discreet demeanor in foreign affairs, and is said to have rarely even spoken at length to employees.

Duy Tan's starting point is a plastic production complex founded by Mr. Tran Duy Hy and his wife in 1987. Initially, the company made plastic packaging for detergents and personal hygiene products. In 1990, realizing that the Vietnamese household plastic market was growing strongly and taking advantage of machinery capacity, Duy Tan experimented with producing more household appliances.

In the 1990s, the proportion of Vietnamese household plastics reached 60% in the industry's production value structure, according to the Vietnam Plastics Association, partially meeting daily and life needs with the advantage of low price, low production costs, and low production costs. Domestic exports have more competitive costs than imported products due to their bulky size and difficulty in transporting.

Previously, Duy Tan's main distribution channel was limited to grocery stores in the market. When the company introduced plastic cabinet products in furniture stores and supermarkets, consumers gradually learned more about Duy Tan plastic products, bought them to try them out, and found them good so they introduced them to them. others. Thanks to the above factors, Duy Tan's household plastic revenue structure currently accounts for the highest proportion of plastic cabinets.

Currently, Duy Tan is gradually shifting towards producing plastic products from packaging, household plastic products to industrial plastic products with prices ranging from several thousand to several million dong. In particular, the household plastic segment, the segment that makes up the Duy Tan brand, contributes 50% of revenue.

Duy Tan's headquarters is located on Ho Hoc Lam Street (Binh Tan, Ho Chi Minh City), and is also the main production factory on a campus of up to 37 hectares.

To rise to the top of the industry, Duy Tan has many competitive secrets. Usually, in addition to the main product, the production process also has surplus parts. But Duy Tan products have almost no redundant details. The secret lies in the mold, the chain plays a decisive role in the product.

And yet, great success is thanks to the management talent of "boss" Duy Tan. Commenting on Duy Tan's president, the company's Marketing Director shared: "Mr. Hy's personality has always been a technical person, rarely appearing. Mr. Hy said, he 'goes out' a bit stiff. He wants people to know the company with a more youthful image."

Not only in foreign affairs, but also in the company's summary meetings, the founder appears briefly, often speaking briefly for only a few minutes.

Ms. Vu Kim Hanh once commented: "The most decisive yet quiet boss of the plastic company" when referring to founder Duy Tan. Mr. Hy's quiet demeanor and concentration on work make many people who know him respect him.

A Duy Tan leader commented: "There are three words that can be said about Mr. Hy: humility, humanity and passion."

In addition, Mr. Hy also supports some company employees who study abroad or wish to "get a green card" by helping them go to work at factories in the US. In 2011, realizing the potential US market, Duy Tan bought a factory to supply packaging for brands here.

Mr. Hy set up an agricultural company, growing clean vegetables, raising fish, and processing meals for nearly 5,700 workers. "Because of his humanity, Duy Tan company has never fired anyone except for ethical violations," the leader said.

But there are comments that management with gratitude unintentionally creates inertia for Duy Tan. Contrary to his calm personality, Mr. Hy is said to be very enthusiastic about exploring ideas in business.

A friend said, Mr. Hy diligently reads and researches about the plastic industry: "When he goes abroad, he only attends fairs. He takes his phone to take pictures everywhere, including in the trash, and then comes back to research how to produce it. "

After many years of Duy Tan leading the household plastic segment, a number of competitors entered market niches to create products with beautiful designs and durability that compete with the company. Therefore, the company is forced to update models faster.

In addition, the company not only promotes through traditional channels such as markets and supermarkets, but also appears on social networks, YouTube, Facebook, and Tik Tok to reach young users.

With funding from HSBC bank, Duy Tan invested 60 million USD to build the first recycling factory applying the "Bottles to Bottles" process - a technology that recycles old plastic bottles into raw plastic pellets, then pellets. Plastic raw materials to produce new plastic bottles. This factory is located in Tan Do industrial park (Long An) with a capacity of up to 100 thousand tons of recycled plastic per year, equivalent to 1/3 of Duy Tan's current capacity.

The son is about to marry Midu?

In recent days, netizens have been buzzing about the handsome and talented young master Tran Duy Minh Dat. Known to be the son of Mr. Tran Duy Hy - Chairman of the Board of Directors and General Director of Duy Tan Plastic Joint Stock Company.

Since June 2016, Minh Dat has assumed the position of Operations Director of Duy Tan Plastic's branch in the US. Up to now, he has been COO for nearly 8 years and during that time, he was also assistant CEO of Duy Tan plastic.

In addition to business, Minh Dat also actively participates in activities in the young business community of Ho Chi Minh City. He is the Vice Chairman of the Family Business Club under the Ho Chi Minh City Young Businessmen Association, regularly participating in club and association events. However, what makes people most curious is Minh Dat's love story.

Recently, some information said that Minh Dat is said to be preparing to get married, surprising many people. Some netizens even think that the bride is Midu. However, this information has not yet been officially confirmed and Minh Dat also kept silent about his love story.

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