2017 is considered a successful year of the real estate market with both price and sales increase. Upon achievements, we should not fail to mention the entrepreneurs in the real estate market. The people that built their business empires in this field and contributed to the success of the market over the years.
Prior to that event, CafeLand voted for 10 biggest influencers in the real estate market in 2017. Winners are not necessarily the richest, but are the key people of influential businesses in the real estate market.
1. Mr. Pham Nhat Vuong - Chairman of Vingroup (VIC)
Ownership: 723,969,134 shares, 27.45% of VIC
Indirectly owns 817,507,398 VIC shares, 92.88% of Vietnam Investment Group JSC
Current asset value: 131,026 billion dongs
In 2013, Mr. Vuong was recognized by Forbes as the first billionaire (in USD) of Vietnam with the assets of $ 1.5 billion. As Forbes estimates, Pham Nhat Vuong's assets have reached $ 4.2 billion, and the billionaire has gained his position in the list of world's 500 richest people. This is also the first time a Vietnamese billionaire joined the list of world's 500 richest people.
Vingroup boss's asset increased rapidly thanks to the rise of VIC shares on the stock market. In the final months of 2017, news of Vincom Retail (the company that manages Vingroup's trade centers) being listed, and the inauguration of the Vinfast automobile factory helped the market price of VIC shares increase consecutively.
As an enterprise specialized in investing in high-end real estate products, Vingroup Group is implementing a series of super projects such as Vinhomes Central Park, Vinhomes Golden River and Nguyen Chi Thanh Vinhomes. Therefore, in 2016, by announcing its investment in the real estate product lines named VinCity with the price of 700 million per unit, Vingroup surprised the market with promising perspective.
Vingroup is a multidisciplinary group operating in new sectors as Heavy Industry (Automobile Manufacturing), Football Training, etc., and is building a closed-loop "ecosystem". That being said, the main business of the company is real estate; the company is leading in the three segments: residential real estate, commercial real estate, recreational real estate.
2. Mr. Trinh Van Quyet - Chairman of FLC Group, FLC Faros (FLC, ROS)
Ownership: 144,650,250 shares, representing 21.19% of FLC; 318,514,630 shares, representing 67.34% of ROS; 2,630,000 shares, 8.47% share of ART
Current asset value: 54,769 billion dongs
Mr. Trinh Van Quyet was born in 1975. In 2008, Mr. Quyet, a lawyer, joined the real estate by founding FLC Group. After only 10 years of development, FLC is now considered a business with impressive breakthroughs. FLC chose M&A as a tool to become a real "big player" in the real estate industry with successive acquisition of a series of large projects.
When the market was facing difficulties at the end of 2013, FLC spent $ 3.5 trillion to buy Alaska Garden City, which later renamed as FLC Garden City. Next, the group purchased two other projects, Ion Complex Tower (later renamed FLC Complex Tower) and The Lavender (later renamed FLC Star Tower).
Not only promoted the M&A of projects in Hanoi, FLC also increased investment in commercial real estate such as Vinh Thinh luxury resort in Vinh Phuc, a large complex of golf courses and international resorts and FLC Samson Golf Links (Sam Son, Thanh Hoa) with total investment up to 5.500 billion. In addition, FLC also invested in the complex of golf course, resort, and high-end recreational villas FLC Quynhon on an area of nearly 1,300 ha, embracing Eo Gio the tourist attraction.
Through many business deals, the name Trinh Van Quyet even became more prominent when FLC Faros (formerly Faros Construction JSC) was listed on the stock market in September, 2016 and as its share price galloping increased in a dozens of continuous sessions. ROS shares helped Mr.Quyet once was the richest on stock market and currently 2nd after Mr.Vuong.
3. Mr. Le Viet Lam - Chairman of Sun Group
Le Viet Lam was born in 1969 in Thanh Hoa. He was one of the Vietnamese entrepreneurs who started up in Eastern Europe. In 1993, along with his team of Vietnamese alumni in Russia, he established Technocom. The group was initially involved in the field of packaged food, mainly the instant noodle branded Mivina. This product gained 80 to 85% of the instant noodles market share in Ukraine.
In 2007, Ukraine's economy fell into recession, Mr Lam decided to return and invest in Vietnam. On September 14, 2007, Ba Na Cable Car Service Joint Stock Company was established. Two years later, two cable routes Suoi Mo - Ba Na and Debay - Morin were put into operation, the recreational complex called Ba Na Hills was officially opened and Sun Group marked its first step in Vietnam.
Besides Ba Na Hills, Sun Group has launched its recreational property such as InterContinental Danang Sun Peninsula Resort, Novotel Danang Premier Han River, and Premier Village Danang Resort.
Currently, Sun Group is implementing a series of real estate projects such as JW Marriott Phu Quoc Emerald Bay, Premier Village Phu Quoc Resort, Premier Residence Phu Quoc Emerald Bay, MGallery, Van Don Entertainment complex, Hon Thom Recreational complex, and Son Tra Ocean Park.
4. Mr. Luong Tri Thin - Chairman of Dat Xanh Group (DXG)
Ownership: 23,506,512 shares, representing 7.76% of DXG
Current asset value: 651 billion dongs
Mr. Luong Tri Thin is currently the Chairman of the Board of Directors and General Director of Dat Xanh Real Estate Services and Construction Joint Stock Company. In 2003, he founded the Dat Xanh Real Estate Services and Construction JSC, the predecessor of Dat Xanh Group.
With more than 20 years of management experience, courage and vision, and a flair for business, he built Dat Xanh into a strong and prestigious real estate brand.
Being regarded as an expert in finance and real estate market, Luong Tri Thin is not only a good manager with a strategic vision, but also a symbol of passion for work, great ambition and undying determination.
To people in the industry, Mr. Thin is known as a major influencer on the deals in Vietnam real estate market. Typically, in 2017, Dat Xanh Group sold 22,108 products, of which more than 8,607 products are directly and cooperatively invested by Dat Xanh. In addition, the company has developed more than 500,000 m2 of land for short-term land fund and more than 350ha for long-term land fund through M&A.
Regarding the sales plan for 2018, Dat Xanh targets to sell over 28,000 products; of which approximately 12,000 are directly invested by the Group; more than 8,800 secondary products and approximately 7,400 brokerage products.
In 2018 Dat Xanh will invest in projects nationwide, mainly in large cities namely Ho Chi Minh City and Da Nang, and for the first time invest and develop projects in Hanoi. In 2018, Dat Xanh will focus on developing large-scale projects, each of which will contain thousands of apartments.
The goal of Dat Xanh in the next 10 years is to reach the capitalization of about $ 5 billion, creating new trends for the real estate market. The strategy of "developing outskirt land fund" to catch the market trend has been developed by Mr. Thin for many years. "Currently the land fund in HCM City has started to become scarce, but the land fund is still very large in comparision to the whole market; therefore, the story of real estate in neighboring provinces such as Binh Duong, Dong Nai, Ba Ria - Vung Tau will be similar to the scenario of HCM city outskirts 15 years ago" he said.
Mục tiêu của Đất Xanh trong vòng 10 năm tới là đạt mức vốn hóa khoảng 5 tỷ USD, tạo ra những xu hướng mới cho thị trường bất động sản. Trong đó chiến lược “phát triển quỹ đất vùng ven” để đón đầu thị trường được ông Thìn chuẩn bị từ nhiều năm nay. “Hiện nay quỹ đất tại TP.HCM đã bắt đầu khan hiếm, nhưng xét thị trường chung thì quỹ đất còn rất lớn, vì thế câu chuyện bất động sản của các tỉnh lân cận TP.HCM như Bình Dương, Đồng Nai, Bà Rịa - Vũng Tàu cũng sẽ giống như kịch bản vùng ven của TP.HCM 15 năm về trước”, ông Thìn nhận định.
His enterprise is not super large-scale in the real estate market, but with the rapid growth and great influence of the businesses in which Mr.Thin is directly or indirectly holding shares, CafeLand regconized Mr.Thin as one of the most influential entrepreneurs in the real estate market in 2017.
5. Ms. Truong My Lan - Chairman of Van Thinh Phat
Unlike many entrepreneurs who have companies listed on the stock market, Ms. Truong My Lan's assets can not be known exactly by just looking at the amount of shares she is holding. However, Ms. Truong My Lan is still considered a very influential businesswoman in the real estate market.
Van Thinh Phat owns or is involved in big projects, located in golden locations or in large scale namely: Time Square, the golden quadrangle in front of Nguyen Hue - Ho Tung Mau - Huynh Thuc Khang - Ngo Duc Ke, Union Square, Saigon Peninsula. Recently, Van Thinh Phat bought Thuan Kieu Plaza project and renamed it The Garden Mall. Not only that, recent news revealed that Ms. Lan is buying many large projects in HCM, of which notably Phuoc Kien project of Quoc Cuong Gia Lai.
Although they are "quiet" so it is difficult to exactly identified their assets as well as the number of companies related to Van Thinh Phat Group owned by Ms. Lan, we still ranked Ms. Truong My Lan as one of the biggest influencers on the real estate market in 2017.
6. Mr. Bui Thanh Nhon - Chairman of No Va Real Estate Investment Group (NVL)
Ownership: 145,715,656 shares, 22.67% of NVL
Current asset value: 12,182 billion dongs
From veterinary medicine, Mr. Nhon is now known as a business owner of many real estate projects spread throughout the city. The milestone that marked NVL's name was in 2013 when the company announced that the selling price of Sunrise City Apartment (North Towers - Phase 3) fell sharply. The price reduction of NVL more or less "shocked" the real estate market because at that time, Ho Chi Minh City did not have many products in the middle and high end segment at the same price.
During the quiet period of the market, NVL also took the opportunity to successfully execute large M&A deals through acquisition and completion of many unfinished projects.
By the time being listed on HOSE at the end of 2016, NVL became the second largest listed real estate company on HOSE, about $ 1.6 billion.
NVL has been deploying nearly 30 projects, including large scale projects such as Sunrise City, The Sun Avenue, Lakeview City, The Prince, Icon 56, Galaxy 9, Lexington Residence, Golf Park, Lakeview City, Lucky Dragon, etc. It can be seen, the common thing of the projects developed by NVL is that they are middle-end and high-end products, located in the prime locations in District 4, District 2, District 9 or Phu Nhuan district, etc. In addition, NVL is also promoting the diversification of products with villas, townhouses combined with business, retail trade centers in lots and apartments in combination with offices (officetel).
It can be said that despite being a newcomer, NVL has developed rapidly and became a major brand in the real estate.
7. Mr. Nguyen Dinh Trung - Chairman of the Board, General Director of Hung Thinh Corp
Although not yet listed, Hung Thinh Corp is one of the prominent names in the real estate market of Ho Chi Minh City.
Born in 1972 in the North, having a difficult childhood in Hoai Nhon, Binh Dinh, in the early 1990s, he went to HCM City to study accounting then graduated and worked as an employee. With passion and enthusiasm, in 2002, with a small amount of money saved from his employment, he decided to open a small real estate brokerage firm with an initial capital of about VND 6 billion and a team of nearly 40.
Untill now, after 16 years, Mr. Nguyen Dinh Trung, as Chairman of the Board and General Director of Hung Thinh Corp, has gained many successes, expanded his business with 18 member companies, 3 representative offices, 8 trading offices and more than 2,000 employees working professionally and effectively in investment, design, construction, furnishing and distribution, successfully developed more than 30 projects with tens of thousands of apartments, townhouses, villas across the country.
With diversified products at reasonable prices, Hung Thinh launches about 5,000 - 7,000 products every year, which are always welcomed by a large number of customers.
8. Ms. Nguyen Thi Phuong Thao - Chairman of Sovico Joint Stock Company
Owning 35,961,580 shares, representing 3.67% of HD Bank, 39,559,095 shares, representing 8.76% of VietJet, 100% of Huong Duong Sunny Investment Co., 128,950,134 shares of VietJet, Chairman of Sovico Joint Stock Company
Current asset value: VND 33,056 billion
Known as the airline billionaire with low-cost airline VietJet Air but her presence in the real estate market is not inconsiderable.
Sovico Joint Stock Company, of which Ms.Thao is the chairperson, is the owner- investor of many large-scale real estate projects. A strong point of this enterprise was the Dragon City project invested by Phu Long Real Estate Joint Stock Company (a member of Sovico) on an area of 65ha, stretching on the front of Nguyen Huu Tho Street, Nha Be, HCMC. Following the success of this project, Phu Long continued to cooperate in the development of Dragon Riverside City in District 5, Ho Chi Minh City. On January 6, 2018, Phu Long officially "made its first apperance" in the East Saigon with Dragon Village project in District 9.
Sovico acquired Vietnam's leading five star resort, Furama Resort Danang, which has been operated effectively. Sovico Holdings went on to buy Ana Mandara and An Lam Ninh Van Bay resorts in Khanh Hoa. Moreover, Sovico Holdings is also promoting investment in resorts in Phu Quoc Island and Cam Ranh peninsula. It is in the news that Sovico is now buying 50% of An Khanh JVC - the investor of the 264ha North An Khanh urban area project (Splendora).
Thus, although Thao is not widely known as a real estate entrepreneur, in fact, her influence in the real estate market is considerable.
9. Mr. To Nhu Toan - Chairman and General Director of Van Phu Investment JSC (VPI)
Ownership: 40,000,000 shares, representing 25% of VPI
Total asset value: VND 1,520 billion
Mr. To Nhu Toan was born in 1971, is currently the Chairman and General Director of VPI. On November 28, 2017, more than 160 million VPI shares of Van Phu Invest Joint Stock Company with total registered trading value of over VND 1,600 billion were officially listed on Hanoi Stock Exchange. With 40 million VPI shares, he is holding 25% of this company's capital. The listing of VPI helped Mr. Toan become a multibillioinaire.
VPI's predecessor is the Hanoi branch of Quang Ninh State-owned Housing Construction Investment and Trading Company, which operated independently in investment consultancy, trading, construction and development of real estate.
In 2008, Quang Ninh Construction and Real Estate Trading Company was equitized, then changed into a joint stock company and renamed to Van Phu - Investment Joint Stock Company - Invest. The project which Van Phu Invest made its mark was Van Phu new urban area with the scale of 94.8ha, total investment of over 18,000 billion dongs.
According to the information before its listing, VPI currently has 19 real estate projects that will be developed in the next few years with a total area of 236ha. Of which, the total land of Van Phu - Invest in Hanoi takes up about 230ha.
10. Mr. Nguyen Xuan Quang - Chairman of Nam Long Investment Corporation (NLG)
Ownership: 23,418,923 shares, representing 14.9% of NLG
Current asset value: 839 billion dongs
Mr. Quang graduated from Ho Chi Minh City University of Architecture in 1983. Then the architect won a position in the Southern Institute of Planning and Design. Dreaming of a place to work with "inspiration and dedication", Mr. Quang resigned from the job with the government and went on to build houses, for his living.
After he experienced various jobs and up-and-downs, Nam Long Company was established in 1992. From a handful staff, after 25 years of operation, Nam Long has more than 500 management personnels, not yet mention the construction team of Nam Long's large projects throughout the South.
Now, when the name Nam Long is mentioned, one would immediately think of the real estate developer of the "affordable" Ehome project. Besides the "affordable" products, the company also has high-end projects as Nam Phu villa, Thao Nguyen Sai Gon villa, Nam Thong commercial apartment complex, Valora Fuji villas, Valora Kikyo. In the next 3 years, Nam Long is expected to launch 17,000 products in EHome, Flora and Valora lines along with three large-scale urban areas.
It could be said that Nam Long is one of the pioneers that build apartments of average price and provide a very large number of apartments to the market.
* Statistics on January 25, 2018
Dieu Trang - Cafeland