In 1984, Trung Dung fled political persecution in Vietnam, the nation of his arrival, to arrive in the USA as a refugee with only $2 in his pocket. Over the next two decades, he proved his mettle as one of the most astute and successful Vietnamese-American entrepreneurs. Although Dung had never believed that he would return to Vietnam, the instinctive entrepreneur inside him recognized the opportunities presented by state's rapidly developing and modernizing market. Dung returned in 2007 to uncovered MobiVi, an Electronic Financial Transactions (EFT) company.
This case investigates the intersection of the ETF business, mobile network operators, and social entrepreneurs to pursue an innovative way of providing financial services to the roughly 2 billion people world-wide who lacked accessibility. The focus is on three of MobiVi's places: the Nationwide Distribution System (NDS) unit, MobiVi's pioneering contributions around financial services (MFS), along with MobiVi Foundation. In the year 2012, Dung was considering how to deal with market inefficiencies, assist MobiVi's investors and company partners produce and capture further value, and build credit accessible to the central and lower income classes in Vietnam. Dung was confident given the favorable state of the most recent developments in telecommunication technologies, the patented MobiVi payments processing technology, as well as the Vietnamese market.
PUBLICATION DATE: February 13, 2013 PRODUCT #: GS82-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE.
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