On October 6th, at noon, entrepreneur Nguyen Hoa Binh (commonly known as Shark Binh) hosted another livestream on his Fanpage “Shark Nguyen Hoa Binh,” focusing on “Leadership Mindset in Turbulent Times.”
The live session, which began at 12 PM, attracted thousands of viewers, peaking at over 5,000 concurrent viewers with high engagement. However, some viewers reported that their comments were hidden or blocked, despite not violating guidelines or mentioning topics like coins, crypto, or the AntEx digital currency project—subjects Shark Binh had previously advised against discussing during livestreams.
During the session, Shark Binh shared insights from his 24-year entrepreneurial journey, emphasizing leadership resilience in volatile economic conditions. He likened businesses to “ships navigating a foggy ocean,” facing storms while requiring both a “sturdy vessel”—comprising a strong team, products, and market—and a “clear direction” to avoid losing their way.
“I’ve experienced periods of relentless effort in the wrong direction, resulting in wasted energy and meaningless outcomes,” he reflected.
When asked about handling failure, Shark Binh candidly revealed he had faced near-bankruptcy 5–6 times over two decades of business.
“My life is filled with failures. I began as a naive young man, armed only with a pure heart and integrity. Yet, I’ve confronted fierce competition and nearly lost everything multiple times. Those setbacks forged my resilience and experience to keep moving forward,” he shared.
According to Shark Binh, in moments of despair, his first step is to remain calm and rest. “Then, I reassess the fundamentals: Is my business still relevant, or has its time passed? Should I rest or wait for the right moment?”
He also stressed the importance of “destiny”—re-evaluating one’s core expertise and capabilities. From there, he rethinks strategies to determine the next steps.
“Stay calm and avoid greed. Let reason and resilience guide your actions,” Shark Binh advised during the livestream.
He recounted losing a massive contract to a competitor with significantly greater financial resources. In 2013, despite attracting foreign investment for Vietnam’s first e-commerce platform, it struggled to compete in the market.
At times, he felt deeply discouraged when investors withdrew support, even requesting the return of remaining funds. “Facing that reality, I agreed, guided by integrity. Many other startups handled it poorly,” he noted.
Concluding the livestream, Shark Binh emphasized his self-made success through hard work. He welcomed feedback for improvement and understanding.
Recently, social media has buzzed with discussions about the AntEx digital currency project, allegedly linked to Nguyen Hoa Binh (Shark Binh), Chairman of NextTech Group.
Addressing the speculation, Shark Binh clarified he is also a victim, both as an investor and contributor to the project.
Launched around September 2021, AntEx (AntEx token) was promoted as a “Made in Vietnam” blockchain ecosystem, aiming to develop a decentralized exchange, digital wallet, and various fintech applications. However, its value plummeted shortly after launch, nearly erasing its initial worth and causing significant investor losses.
Notably, the NextTech/Next100 fund, founded by Shark Binh, invested in the project, drawing public scrutiny.
Reports indicate a group of investors has filed a complaint with Hanoi Police regarding the AntEx project.
Investors Report Cryptocurrency Project Involving Shark Binh to Authorities
Several AntEx cryptocurrency investors have filed reports with the Hanoi Police, raising concerns over alleged irregularities within the project.
Mastering Business Success with Ease: Insights from the CEO of Bếp Hoa
In the third episode of Podcast Money Gym, a collaboration between VPBank and journalist Dương Ngọc Trinh, Lương Vũ Thiều Hoa, CEO of the Bếp Hoa restaurant chain, shares profound insights into her entrepreneurial journey. From staggering losses amounting to billions of dong to becoming the owner of four successful restaurants in Hanoi, her story is a testament to resilience and determination.
“Founder of Bếp Hoa Restaurant Chain: Embracing the Strategy of Selling at a Loss to Entice Customers, Ensuring No Leftovers After 3 Days, and the Dream of Bringing Vietnamese Flavors to the World.”
From a humble online kitchen during the pandemic, over five years, Luong Vu Thieu Hoa has transformed Bếp Hoa into a notable F&B brand with an extensive online presence, four vibrant restaurants, and a team of over 300 dedicated individuals. With a bold strategy of absorbing losses for the first six months, a steadfast commitment to ensuring no food goes unsold after three days, and a relentless focus on delivering exceptional culinary experiences, Thieu Hoa has steered Bếp Hoa to its impressive stature today.
The Woodcarver’s Whimsical Giants: How One Man Turned Trees into a Fortune
In the vast garden, the giant animal-shaped topiary trees have become a major attraction, bringing in billions of dollars in revenue each year for the Ben Tre farmer.
“Staying Local: Shark Phi Vân’s 3 Essential Lessons for Franchise Success”
In the latest episode of Shark Tank, Shark Nguyen Phi Van, a franchise expert, shared her insights on three key factors that contribute to the success of Vietnamese startups in the franchise business model. With her wealth of experience, Shark Van dived into the strategies that aspiring entrepreneurs can implement to make their mark in this exciting industry.
