Amidst the noise about his statements about women, how is the owner of Bao Tin Minh Chau doing business?

Causing controversy with a series of statements related to women

Recently, Mr. Vu Minh Chau, owner of a gold brand Bao Tin Minh Chau, frankly shared his views on women, about "smart men do not marry successful women". This businessman's statement immediately caused a lot of controversy on social networks. Currently, Mr. Vu Minh Chau has locked his social networking page after the noise in the past few days.

Mr. Chau's statements about women have also caused controversy in the past. Sharing with the press, he once said: "I think Vietnamese people with yellow skin should have black hair, which is the most beautiful and outstanding. Women with yellow skin but dye their hair yellow, so their hair and face become the same tone, looking dull, scary, and ugly."

He also shared that he has a 12-year-old daughter who is very simple and doesn’t force her to dye her hair, wear makeup, or wear tight, low-rise pants. He even doesn’t want my daughter to cut her hair short. Later, when Mr. Chau’s daughter cut her hair a little shorter, he reminded her.

"As for my wife, I only rate her 70% in meeting my beauty criteria. Sometimes my wife's way of dressing doesn't satisfy me, but recently after many arguments and loud voices, there has been a change in my beauty standards," Mr. Chau revealed.

How does Bao Tin Minh Chau do business?

Bao Tin Minh Chau gold brand has long been famous in Hanoi along with other brands such as Bao Tin Hong Quan, Bao Tin Manh Hai, Bao Tin Thanh Van, Bao Tin Hoang Long.

These stores all originate from the Vang Bao Tin brand founded by businesswoman Luong Thi Diem (born in 1936) in Thuong Tin district, Hanoi. During the resistance war against France, Ms. Diem and her husband, Mr. Vu Van Kham, joined the civilian labor force to transport ammunition, rice and salt to supply the Dien Bien Phu campaign.

After that, she followed her husband to work from Thanh Hoa to Phu Ly, Thuong Tin and finally settled in Van Dien Town, Hanoi City. The jewelry profession came to her by chance.

She once shared that when she was sitting at the market gate, people who had idle gold often asked others to sell it for them. Ms. Diem worked with integrity, so she gradually gained the trust of many people, and some people came to her house to ask her to sell gold for them.

From the initial small gold shop, she established a private enterprise called Vang Bao Tin. Her 6 children also followed their mother's profession, including Mr. Vu Minh Chau.

Giữa ồn ào phát ngôn về phụ nữ, ông chủ Bảo Tín Minh Châu làm ăn ra sao? - 1 — Mr. Vu Minh Chau and his mother (Photo: Bao Tin Minh Chau).

Mr. Vu Minh Chau (born in 1953) is the eldest son of Ms. Diem. He founded the Bao Tin Minh Chau gold brand in 1989. In 1995, the gold shop was upgraded to Bao Tin Minh Chau Company Limited, headquartered on Tran Nhan Tong Street, Hai Ba Trung District, Hanoi.

As of May 2018, this company had a charter capital of 100 billion VND contributed by 2 shareholders. Of which, Mr. Vu Minh Chau contributed 90.17 billion VND, equivalent to a capital contribution ratio of 90.17%. The remaining shareholder is Mr. Vu Phuong Nam.

Mr. Vu Minh Chau is the General Director and Legal Representative of Bao Tin Minh Chau. According to tax declaration information, Bao Tin Minh Chau currently has 158 employees.

By June 2024, Bao Tin Minh Chau increased its capital to VND 300 billion, with Mr. Vu Minh Chau contributing an additional VND 200 billion. His ownership ratio increased to 96.72%. By October 2024, the position of director and legal representative of Bao Tin Minh Chau was transferred to Ms. Pham Lan Anh (born in 1976).

Giữa ồn ào phát ngôn về phụ nữ, ông chủ Bảo Tín Minh Châu làm ăn ra sao? - 2 — Information on charter capital of Bao Tin Minh Chau (Screenshot).

Few people know that Mr. Vu Minh Chau was also the Director and Legal Representative of Bao Minh Media Company Limited. This company was established in 2004. As of May 2018, the company had a charter capital of 1.5 billion VND. The two shareholders contributing capital include Bao Tin Minh Chau Company Limited (contributing 1.485 billion VND) and Mr. Vu Phuong Nam (contributing 15 million VND).

In August 2019, Mr. Chau signed a decision to dissolve the company. The company said it was facing many difficulties in business operations and personnel organization. In particular, in the context of fierce competition between companies operating in the same field, the unit did not want to continue operating.