Man-of-wealth Luong Tri Thin – Dat Xanh BOD Chairman, is a rather quiet person, but the "anecdotes" about him in the media left an unforgettable impression. In Vietnam, he possibly is the only person who has dreamed of land trade since childhood.
It is known that the Man-of-wealth Luong Tri Thin was born in the year Binh Thin (the year of Dragon -1976), grew up in a poor family with many siblings in Thanh Hoa province. In order to earn a living, from the very young age, Mr. Thin had to go to trade rice, work as a loading staff at Lang Son border gate to make a living. Then, on his long journeys from North to South, he became a professional trader who traded commodities from rice to dumplings and even sold newspapers...
"No matter what my work is, I have always had a passion for land trading. When I was little, I used to take clay from the paddle field to build houses, take leech blood to paint them and exchange them with friends to get books for my schooling. I think everything starts from land, which gives rise to things and I have had a dream of trading land when I grow up", said Mr. Thin on his childhood ambition.
The years of extensive trading helped him accumulate some money and life experience. In 1989, at the age of 13, he stopped in Ho Chi Minh City with the bread-earning profession as a rice trader from Ho Chi Minh City to the western provinces, then switched to fruit, then opening pubs, etc.
From then, he tried to learn about business activities of many real estate businesses and found them doing quite well. Until 1994, he decided to enter this fertile sector by working for some real estate brokerage offices in Ho Chi Minh City.
"At that time, I had an weathered bicycle. Every early morning I hung a 5-liter bottle of water with bread, dry food and then wandered from Ho Chi Minh City to Dong Nai, Binh Duong, etc. to learn about land. Hungry, thirsty, those were the days when I could not make it home before it got dark, I had to tie my foot to the bike and slept in the rubber forest, then continued my journey the next morning", Mr. Thin recalls the starting point of his real estate business.
In 2016, an article titled "Luong Tri Thin and the good luck of dragon for Dat Xanh," NDH Financial Page said that the target of this businessman is to get Dat Xanh listed on Nasdag stock exchange by 2018.
"Luong Tri Thin has just turned 40 – the age, by rule of thumb, of a businessman’s official start. Being listed on US stock exchange is not really too difficult, thus, his ambition is not something impractical” – commented NDH.
Mr. Luong Tri Thin, Dat Xanh BOD Chairman
It will not be long before we have the answer for the ambition of being listed on American stock exchange. However, the latest achievement of Dat Xanh is the "Top 10 Real Estate Developers in Vietnam" (BCI Asia Awards 2017). Not just that, the Chairman of Dat Xanh Group also sets the goal to make the Group one of the top 10 real estate development companies in Southeast Asia.
"The nationwide distribution network is also a leading advantage of Dat Xanh. Additionally, the Group’s personnel are experienced, knowledgeable, passionate and enthusiastic, who have made great contribution to the success of Dat Xanh.
In addition, Dat Xanh currently owns almost 50 projects all over the nation with nearly 8 million square meters of construction land. Thus, in the coming 5-7 years, Dat Xanh will have a very stable development without worrying about the pipeline. In the future, Dat Xanh will also expand its land fund with other attractive and unique projects"- he shared.
Also according to this businessman, the goal of Dat Xanh in the next 10 years is to reach $5 billion in market capitalization, creating new trends for the market with fast and sustainable development strategies and directions.