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Tiny
A
Vietnamese entrepreneur has purchased the
A corner in Buford, Wyoming, which had its
name officially changed to PhinDeli Town Buford on September 3 by its new
Vietnamese owner and mayor Pham Dinh Nguyen. Nguyen and his business partner
Do Quoc Tuan began selling PhinDeli Coffee in the town on the same day in a
bid to promote Vietnamese style coffee in the
“All men are created equal, that they are endowed by the Creator with certain unalienable Rights, that among these are Life, the pursuit of Happiness and enjoyment of Coffee,” declared Pham Dinh Nguyen, who purchased the smallest town in the US for US$900,000 in April of last year.
The 39-year-old Ho
Chi Minh City businessman officially changed the name of Buford, Wyoming,
where he is now the town’s lone resident, to PhinDeli Town Buford on
September 3.
The four-hectare (10-acres) town, which has its own Zip code,
is located 8,000 feet above sea level on Interstate 80 – the main
cross-country route between
“Today, we
officially make our Vietnamese Coffee Statement in the US
Phin refers to the Vietnamese style of brewing coffee. “Deli” is
short for “delicious” (not for delicatessen), and PhinDeli is the brand of his
product, Nguyen told Vietweek.
“People may like
or dislike the new name but either way, it makes them curious. They may drop
by to see how this odd Vietnamese guy runs his business here,” he said.
Nguyen became
Buford’s owner after the town’s previous owner, Don Sammons, long the town's
sole resident, decided to auction if off and move to the adjacent state of
Sammons and his
wife, Terry, moved from
"My family is
gone. Our purpose for moving here has kind of been completed, and now I want
to find out what other adventures I have in store," Sammons, 61, told Reuters news agency.
However, when
Nguyen invited him earlier this year to take part in the venture, offering to
be his co-mayor, Sammons agreed.
Buford was founded
in 1866 as a fort to protect settlers moving west and workers who were
constructing the first transcontinental railroad. It was home to more than
2,000 people before its population gradually decreased in the following
decades.
Recognized as an
official town by the US Postal Service and
Nguyen, director
of the HCMC-based importer International Distribution Services, said he wants
his ownership of a US town to encourage Vietnamese businessmen to invest
abroad. His trip to attend the auction was his first to the
‘Can-do’ spirit
Nguyen said that
PhinDeli’s slogan: “The can-do coffee,” aims to promote the determination of
Vietnamese businessmen.
He said investing
in the town was more than just another real estate deal.
“The town has
become common property of Vietnamese entrepreneurs in terms of spiritual
values. I will not sell it despite how high the profit can be,” he said,
adding that buyers from
“I want to turn it
[the town] into a showroom of Vietnamese products – a starting point for
Vietnamese products in the
According to the
International Coffee Organization,
Nguyen hopes
PhinDeli Town Buford will boost the name recognition of Vietnamese coffee in
the world market.
He co-founded
PhinDeli coffee with his friend Do Quoc Tuan, who was once the marketing
manager for Kraft Food Group Vietnam.
PhinDeli aims to
promote
“American people often
drink coffee while on the move. But they are also interested in diversified
eating and drinking experiences,” Nguyen said.
“However, when
they take a break, they will choose our coffee if it is better than
ready-made coffee,” he said.
He is currently
selling coffee at PhinDeli Town Buford, and that it will soon be available on amazon.com and in US supermarket chains.
Later, he plans to
expand to bring his coffee to more international destinations.
Nguyen said many
people said he was “crazy” and that his plans to buy the town and sell his
coffee were ridiculous.
However, Dang Hung
Vo, former deputy minister of Natural Resources and Environment, said
Nguyen’s purchase of the town is a “positive move.”
“It reflects the
trend of Vietnamese businessmen expanding their investments abroad,
especially in the
Vo said it was a
wise investment and that $900,000 for 40,000 square meters of land in the
“Personally, I’m
impressed with [Nguyen] for buying land in a highly developed country. Some
rich people can waste a million dollars easily, but he used it effectively
and meaningfully,” he said.
Pham Thanh Hung,
director of the The Ky (Century) Real Estate Services Company, said now may
be the right time to invest in US real estate.
“Currently, the
options are abundant because not many investors are spending money in this
sector,” he said.
Nguyen, who has
worked for large companies like Coca-Cola, Nokia, Mars Food and Kinh Do,
believes his investment in Buford constitutes a success in and of itself.
Coffee sales will simply be icing on the cake.
“Local and
international media report whatever I do in this special
By Vietweek
Staff, Thanh Nien News
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Chủ Nhật, 8 tháng 9, 2013
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