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From lawyers to real estate billionaires, famous supercar players

Clip: Ministry of Public Security detains Trinh Van Quyet. (Source: Ho Chi Minh City Law)

Mr. Trinh Van Quyet (born 1975, hometown of Vinh Phuc) is currently the Chairman of the Board of Directors of the FLC Group Joint Stock Company with assets of up to VND 22.7 trillion, the 9th richest person on the Vietnamese stock exchange (as of today) 2020).

From lawyer to real estate billionaire

Mr Quyet was born into a poor civil servant family in an ancient land. After graduating from high school, he went to Saigon to study and repair electronics. Two years later, he has little capital to continue his dream of continuing his education.

The tycoon chose to take the entrance exam to Hanoi Law University. “During the days of struggling to study for the exams in the Capital, all my dreams back then were just university gates. When I heard the results of graduation and scholarship acceptance, I was very happy until later, maybe even happiness like when Bamboo Airways officially took off, can’t be compared”, Pak Quyet once shared.

While sitting in the lecture hall, Mr. Quyet opened a tutoring office and set up a telephone business to satisfy his passion for business and earn extra income to help his parents. At the age of 24, he completed 2 courses at Hanoi Law University and the National Academy of Public Administration. Then he decided to open a law firm specializing in corporate law consulting, investment law and corporate intellectual property issues.

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Mr. Trinh Van Quyet.

After years of operation, the law firm Mr. Quyet has become a big brand with international reach, winning many titles, awards and certificates of achievement from the Ministry of Justice. He is also one of the leading lawyers in Vietnam to be honored with the title of ‘Covenant Lawyer’.

Regarding the real estate business opportunity, Mr Quyet once said that it was his legal consulting work that helped him move into this segment. Therefore, thanks to knowing the big real estate customers in Hanoi with consulting experience, knowing the procedures, how to do it and seeing the opportunities there, should participate in the investment.

After several successful projects, the giant Vinh Phuc founded Truong Phu Fortune Investment Co., Ltd. with a capital of up to 18 billion VND. Two years later, the company turned into an FLC Joint Stock Company – this is considered a turning point in its founding process.

Mr. Company Quyet has launched a series of ecotourism resorts – golf courses in many provinces such as Thanh Hoa and Binh Dinh. In addition, this unit also implements many other projects in various segments of the real estate market. All of these works have contributed to generating tourism potential in the area.

From “land” business to “sky” investment

Bamboo Airways was granted a flying permit by the government on 9 July 2018 with an initial rental capital of 700 billion VND, then increased to 1,300 billion VND. At that time, domestic and international customers were looking forward to this airline as a new experience of the country and people of Vietnam with attentive service quality…

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But with just 3 months of taking off, the giant airline lost 329 billion dong. After that, the airline proposed to increase the number of aircraft from the approved level to 22 in 2019 and 30 in 2023. The total investment increased to 8,300 billion VND.

Quyet’s assets apart from law firms and FLC, he also owns 41.79% of the rental capital of Faros Construction Joint Stock Company – a company that contributes to large-scale projects with high quality, high quality and fast construction time as a general contractor.

Quyet’s personal life is quite private, only his wife’s name is Ngoc Diep (SN 1979), who works in the banking sector. Both have 3 sons.

Is a famous supercar player

In addition to the real estate business, this giant is also known as a well-known car player. His prized car is a Rolls-Royce Phantom Sacred Fire. It is one of six versions of the Phantom Bespoke with a long wheelbase that was manufactured specifically for the Vietnamese market. According to many documents, this car is worth up to 49.5 billion.

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Close-up of a Rolls Royce Phantom Sacred Fire.

He also owns the luxury Mercedes-Maybach S600 Pullman supercar – a car once called a “walking villa” that is worth millions of dollars. In addition, his supercar collection includes the Maybach 62S – this is the world’s limited edition car for Vietnam, selling for around $460,000 in overseas markets.

Although he often buys super cars, Mr. Quyet surprised many that he had not changed drivers in 18 years. On his personal page, he often gives many compliments to the staff who have been with him since he started his career. “In 2001, I bought the first car of my life – a Ford Laser. The company was just founded at that time. Mr. Lap drove this car and has been with FLC for 18 years since then. He grew up in the military, gentle but witty. That dedicated driver accompanied me on the most difficult road on the first day of my career, “said the giant.

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