These past weeks concluded negotiations that started for Peter J. Burns III 11 months ago on what is likely the largest business transaction in his 43 years of business start-ups. (See video below)
Peter’s chance introduction with one of two Vietnamese-American brothers, adopted and raised in the US by a US Army soldier after their family was sadly killed by “friendly fire” during the Tet Offensive, has created perhaps the single largest travel-centric business in history…certainly in the world of grass-roots entrepreneurship.
Specifically, HI-TEK, the bringer of the Internet to Vietnam over 18 years ago is the de facto, Homeland Cyber-Security Agent of the Country of Vietnam….as well as the equivalent of our “Go Daddy” in that country. The Junior Ministers of the Government of Vietnam that the two brothers started working with 18 years ago are now in the highest echelons of Government today…and HI-TEK holds the vaulted position as the exclusive provider of specific travel offerings (with nearly 1 million hotels and 150k airline flights every day) as well as being the exclusive provider of online VISA approvals to Vietnam from 40 countries (12 million per year and growing).
Here’s a story about this amazing development…
This is a news story and Peter J. Burns III makes a snippet cameo at 5′ 17 seconds…
Here’s the “quick and dirty” on the numbers on this deal…
HI-TEK’s Travel.VN is poised to become the #1 Provider of travel to and from Vietnam (12–14 million visitors annually) as well as the largest provider to 72 million in-country travelers within Vietnam each year and….the exclusive provider of VISAs (from 40 countries) to Vietnam in 2019 when the Government has mandated that VISAs are online-only…which was mandated to belong to HI-TEK.
As the one who brokered the deals of HI-TEK (through its Travel.VN site) acquiring the hotel inventory (1 million) and airline booking connection (150k daily flights)…Peter J. Burns III earned a “seat at the table” with a nice % of each and every travel dollar and VISA dollar earned from an entire country of 100 million for the next 10 years!
He would say that it was certainly worth 11 months of working on this deal…wouldn’t you?
See the “Adventures in Capitalism” of Peter J. Burns III at http://www.peterjburns3.com
Note: Previously published by Peter J. Burns III on Medium (2018)