He is currently selling coffee at PhinDeli Town Buford, and that it will soon be available on amazon.com and in US supermarket chains.
Later, he plans to expand to bring his coffee to more international destinations.
Nguyen said many people said he was “crazy” and that his plans to buy the town and sell his coffee were ridiculous.
However, Dang Hung Vo, former deputy minister of Natural Resources and Environment, said Nguyen’s purchase of the town is a “positive move.”
“It reflects the trend of Vietnamese businessmen expanding their investments abroad, especially in the US,” he was quoted by Nguoi Dua Tin (The Messenger) news website as saying.
Vo said it was a wise investment and that $900,000 for 40,000 square meters of land in the US was not expensive.
“Personally, I’m impressed with [Nguyen] for buying land in a highly developed country. Some rich people can waste a million dollars easily, but he used it effectively and meaningfully,” he said.
Pham Thanh Hung, director of the The Ky (Century) Real Estate Services Company, said now may be the right time to invest in US real estate.
“Currently, the options are abundant because not many investors are spending money in this sector,” he said.
Nguyen, who has worked for large companies like Coca-Cola, Nokia, Mars Food and Kinh Do, believes his investment in Buford constitutes a success in and of itself. Coffee sales will simply be icing on the cake.
“Local and international media report whatever I do in this special US town. I could not have gotten a better result had I spent a million dollars on marketing.”
Source: Thanh Nien News
