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Like China, its massive northern neighbor, communist Vietnam has implemented market reforms in recent years that have unleashed rapid economic growth, which has averaged nearly 8 percent for the last decade. Once reviled by communist revolutionaries, millionaire businessmen are now seen as role models, creating jobs and developing the country. Cuong struck it rich in Vietnam's late 1980s gemstone rush. Among his business ventures is a studio that makes artworks out of crushed gemstones, such as rubies and emeralds. He has made portraits of Vietnam's revolutionary hero Ho Chi Minh, former President George W. Bush and Bill Gates.
Cuong, 54, is not shy about displays of wealth. He was among the first Vietnamese to purchase a Hummer, which cost him $300,000 to import from the United States. When a Vietnamese newspaper interviewed him about the vehicle, Cuong said, "I like big, manly things."
[Associated
Press;
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