Latest news with #HaLong
CTV News
5 days ago
- CTV News
Vietnam tour boat survivor recounts escape from tragedy that killed 35
HA LONG BAY, Vietnam — A Vietnamese man who survived the capsizing of a tour boat in Ha Long Bay described his escape from the overturned vessel. At least 35 people were killed in the accident and a search is continuing for four who are still missing, according to Vietnamese state media. Authorities said that an earlier report of 38 dead and five missing was incorrect. The Wonder Sea embarked early Saturday afternoon for a three hour excursion in Ha Long Bay, a popular tourist destination, carrying 46 passengers and three crew. But a storm quickly covered the sky, bringing high winds and pouring rain, survivor Dang Anh Tuan told The Associated Press. Tuan said the passengers asked for the boat to turn back to shore, but the crew reassured them they were almost at their destination and kept the boat moving forward. 'It rained for about 15 minutes, and then the boat started to shake vigorously, tables and chairs were jostled around and seconds later the boat overturned,' the 36-year-old fire extinguisher salesman said. 'Water gushed in and I lost all orientation.' 'I tried to breathe. But more water came in. I took a deep breath, got rid of my life vest and dove down. I saw a streak of light and followed it to swim out, escaping the boat, and then I climbed on the overturned boat to look for help,' he said. Tuan and several other people survived by clinging on to the capsized boat and its propellers, waiting another two hours before the rain stopped and rescuers arrived. The Wonder Sea boat was later seen being towed to a shipyard for investigation, with most of its windows shattered, and damage to its roof and handrails. Police and other officials are seen on the boat working. Rescue workers recovered 11 survivors, but one later died in hospital due to injuries, VNExpress newspaper said. The boat turned upside down because of strong winds, the newspaper said. A 14-year-old boy was rescued after four hours trapped in the overturned hull. The newspaper said that most of the passengers were tourists from Hanoi, including about 20 children. Tuan was a holiday with 11 university friends, only three of whom survived. Tuan has only minor cuts, but one of his friends suffered multiple injuries in his head and the other's tendons were cut by broken glass as he escaped the boat through a window. The other nine members of the group were killed, including one who was traveling with his wife and 3-year-old son. The wife and child were also drowned. A tropical storm is also moving toward the area. A national weather forecast said that Storm Wipha is expected to hit Vietnam's northern region next week, including Ha Long Bay's coast. AP writer Huy Han contributed to this report.
Forbes
13-05-2025
- Business
- Forbes
Vietnamese Billionaire's Vinpearl Valued At $5.9 Billion As Stock Surges On Market Debut
Shares of Vinpearl JSC—the hospitality arm of Vietnamese billionaire Pham Nhat Vuong's Vingroup—soared on the first day of trading, giving the company a valuation of 153.3 trillion dong ($5.9 billion) and making it one of the largest publicly traded stocks in Vietnam. Vinpearl offered 1.79 billion shares at 71,300 dong apiece in its IPO, which was well-received by investors. The stock climbed 20% to 85,500 dong, hitting the upper limit allowed by the market regulator. Benefiting from the tourism boom in the country, the company's net profit jumped oiver 280% to 2.6 trillion dong in 2024 as revenue climbed 55% to 14.4 trillion dong, according to a recent investor presentation. Founded in 2001, the company has grown its portfolio to over 30 hotels and resorts, with more than 16,000 rooms in popular tourist spots like Ha Long, Da Nang, and Ho Chi Minh City. With a real-time net worth of $9.1 billion, Pham is Vietnam's richest person. He got his start in 1993 when he established an instant noodle business in Ukraine. He sold the business to Nestle in 2010 and used the money to launch Vingroup. Since then, Vingroup has grown into a major conglomerate with businesses in real estate, retail, healthcare, education, automobiles, and technology.
