As the No. 1 construction brand in Vietnam established in the early 21th century, Coteccons (CTD) is observed to be playing the role of a talent hub producing a series of emerging brands led by experienced personnel in the industry.
Specifically, after following in the footsteps of former chairman, Mr. Nguyen Ba Duong, who left CTD in 2020, some key personnel, in turn, have started their own businesses, which are all emerging but reputable and have soon established their positions in the market.
This makes us think of PayPal Mafia - the richest "tech gang" in Silicon Valley - which also produces many billionaires, millionaires and famous companies. It is known that PayPal is a payment services company with its IPO in 2002 and later acquired by eBay. It is worth mentioning that members of the "PayPal Mafia" group later parted way and all became founders or investors in today's most valuable tech companies such as SpaceX, Airbnb, Stripe and Uber
Details: Vietnam's "Paypal Mafia" as seen from Coteccons' case: Talent hub for the construction industry, where key personnel quit and build nearly a dozen large companies of their own (cafef.vn)