Portrait of Khai Silk - billionaire and the scandal of selling Chinese scarves

The story of KhaiSilk's silk scarves "priced" at millions of dong but actually being Chinese scarves worth tens of dollars labeled "Made in Vietnam" is attracting public attention.

Mr. Khai was once known as the “Silk King”, a real estate tycoon and owner of a chain of luxury restaurants targeting the upper class. Who would have thought that one day, the owner of that billion-dollar fortune would sell “fake” scarves?

Portrait of silk tycoon Khai Silk

Khai Silk started out as a small family embroidery shop on Hang Gai Street, Hanoi, then the shop switched to selling souvenirs made from silk. From a shop selling silk and souvenirs to tourists, Mr. Hoang Khai built the Khaisilk brand and a chain of luxurious restaurants and hotels.

Mr. Khai studied music at the Hanoi Conservatory of Music since he was young. During a trip abroad, Mr. Khai came up with the idea of ​​building his family's silk shop into a professional and luxurious one like those in Singapore and Thailand. At the age of 25, he dropped out of Hanoi Conservatory of Music and officially established the Khaisilk shop.

After his success with his luxury silk store, Mr. Khai began to "jump" into the real estate sector and achieved much success.

Mr. Khai Silk started from scratch.

Thanks to his business talent and timeliness, Mr. Hoang Khai became rich quickly after investing in real estate.

Mr. Khai invested in one of the high-end resorts in Hoi An in the late 90s, Hoi An Riverside Resort. A few years later, Mr. Hoang Khai sold it and made a profit.

Thanks to his business talent and timeliness, Mr. Hoang Khai became rich quickly after investing in apartments in urban areas.

With real estate as a springboard, Mr. Khai began to move into the high-end restaurant business. Au Menoir de Khai on Dien Bien Phu Street was the first high-end restaurant opened by Mr. Hoang Khai, followed by the Chinese-style restaurant Ming Dynasty. That was the opening step for a series of high-end restaurants later on, such as Nam Phan specializing in Vietnamese cuisine, Cham Charm, London Steak House, Khai's Brothers...

On October 16, just a few days after the KhaiSilk scarf scandal involving Chinese goods, Mr. Khai posted a status on Facebook stating that "Kindness is the most expensive fashion trend of all time."

Khai Silk Group also exploits TajmaSago as a resort and owns a high-end shopping center called Saigon Paragon.

Mr. Hoang Khai continues to put a lot of effort into the 18-storey The Khai building and the 20-storey The Prince building from the idea of ​​stacked books right in the center of Phu My Hung.

According to LDO