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The journey from “running” a taxi to the luxury real estate of President Tan Hoang Minh and the promise of never “buying three thousand, selling three dong”

Recently, information about the State Securities Commission issued Decision No. 181/QD-UBCK to cancel 09 bond offerings from July 2021 to March 2022 of Tan Hoang Group. Minh caused many fluctuations to the market.

Also from here, public opinion cannot help but be curious about Tan Hoang Minh Group as well as the head of one of the leading real estate groups in Vietnam at the moment. Especially, the business statements in front of the media of the owner Tan Hoang Minh – businessman Do Anh Dung are also noticed again.

From “taxi driver” to “tycoon” of high-end real estate

According to the official website of Tan Hoang Minh Group, this group was established in 1993 under the leadership of Chairman Do Anh Dung (SN 1961).

Before becoming one of the real estate “giants” in recent years, Tan Hoang Minh was one of the “big guys” of the domestic transportation and service industry in the 2000s.

Starting to set foot in the market, Tan Hoang Minh’s main business is transportation services with the V20 Taxi system, which used to account for 20-25% of the market share of public passenger transport in 3 big cities: Hanoi. , Nha Trang and TP. HCM.

The ambitious Chairman then continued to invest in the production of rattan and bamboo products that were very popular around the world. In 1998, Do Anh Dung established a bamboo and rattan handicraft factory with the brand name RATEX, which was exported to European markets: France, Spain, Turkey, Italy, … and the United States, profit from 3-5 million USD per year for Tan Hoang Minh in the early stage of development.

  The journey from running a taxi to luxury real estate of President Tan Hoang Minh and his promise to never buy three thousand, sell three dong - Photo 1.

Silently investing in the real estate market since 1993, but only in 2015, the name Tan Hoang Minh in the real estate world suddenly lit up after offering the super luxury apartment project D.Palais De Louis for sale. with prices up to 140 million VND/m2.

The real estate business objective of this corporation is ”aims to contribute to the market with new “breakthroughs”, and at the same time, dedicate to the Capital with works of art in the fields of architecture, construction and urban planning…” – President Tan Hoang Minh wrote in an open letter.

“Heirloom” real estate gold land

Many times affirming the business philosophy for the community and society, in a reply to the media, Mr. Dung said:All my life, I have always wanted to make the impossible possible, I think not only to enrich myself and my small family but also to contribute to society and the people with my achievements. Specifically, to contribute to promoting the country’s economy to develop stronger and better”.

Currently, Tan Hoang Minh is one of the “big” real estate in Vietnam market. Tan Hoang Minh Group has a charter capital of VND 10,000 billion, of which Mr. Do Anh Dung – holding the position of Chairman of the Board of Directors owns 51.48% of the shares, equivalent to an amount of VND 5,148 billion.

  The journey from running a taxi to the luxury real estate of President Tan Hoang Minh and his promise to never buy a list of three thousand, sell a list of three dong - Photo 2.

Tan Hoang Minh owns many land lots in a prime location in the center of Hanoi, in which famous high-end real estate projects deployed by Tan Hoang Minh in Hanoi include: D’ Le Pont Tower D’or; D’ Palais de Louis; D’ Le Roi Soleil – Quang An…

D’ San Raffles is considered as the most luxurious project. This is the most luxurious residential and commercial mixed-use project of 4072.9m2 ever located in the heart of Hanoi. It took up to 7 years for Tan Hoang Minh to receive a planning permit for this project. The project targets customers who are entrepreneurs, senior managers and world-class fashion brands.

This group once shocked Hanoi when it accepted to compensate more than 1 billion VND/m2 for the last household to own a land of 4,000m2 at the intersection of Hang Bai – Hai Ba Trung (Hoan Kiem district, Hanoi).

Not only owns golden lands in Hanoi, Tan Hoang Minh also owns many prime areas in the center of Ho Chi Minh City: 3,000m2 gold land, two fronts Le Duan – Nguyen Du located at 23 Le Duan , District 1. This is the land that Tan Hoang Minh successfully auctioned for a huge price of 1430 billion after overcoming a series of big names such as Johnathan Hanh Nguyen, Dai An company and Truong Hai giant,…

In addition, Tan Hoang Minh is also the owner of Elegant Hotel located at Bui Thi Xuan Street and another rental building at 23 Han Thuyen, City. HCM.

The “terrible” land fund stretches across the country

During the past 2 years, in addition to Hanoi and Ho Chi Minh City. In Ho Chi Minh City, Tan Hoang Minh and its subsidiaries have quietly gone around the provinces to acquire large land bank even though it is not cheap.

Over the years, I really feel very sad when many plots of land more precious than gold fall into the hands of foreign businesses. I struggled with the question: Why can’t Vietnamese businesses compete with them in our own country? Why is land – a valuable resource of our country generating profits for foreigners?” – Mr. Dung said.

  The journey from running a taxi to the luxury real estate of President Tan Hoang Minh and his promise to never buy a list of three thousand, sell a list of three dong - Photo 3.

Specifically, in early December 2021, Tan Hoang Minh proposed to Lam Dong province to research, survey and implement the project of urban – tourism – film studio in Xuan Tho commune, City. Da Lat with an area of ​​up to 4,319ha.

Also in Lam Dong, Tan Hoang Minh Group reported the detailed planning of a complex of 5-star hotel, commercial center, and commercial housing project at the land of Dak Lak General Hospital (old). Specifically, the project has an area of ​​42,645 m2, a total investment of 4,500 – 5,000 billion VND.

  The journey from running a taxi to the luxury real estate of President Tan Hoang Minh and his promise to never buy a list of three thousand, sell a list of three dong - Photo 4.

Perspective of a complex of 5-star hotel, commercial center, and commercial housing project at the land of Dak Lak General Hospital (old) proposed by Tan Hoang Minh Group

In Hoa Binh, in Notice No. 5931/TB-VPUBND dated August 27, 2020, the Chairman of Hoa Binh Provincial People’s Committee approved allowing Tan Hoang Minh Group to research and propose to invest in building a high-class resort in the area. Hoa Binh lake area, Suoi Hoa commune, Tan Lac district. The proposed project is built on a land area of ​​355.97 hectares with a total initial investment of about 2,629 billion VND.

At the end of December 2021, Tan Hoang Minh Group held the Groundbreaking Ceremony of a tourism and entertainment complex with a scale of nearly 34 hectares, a total investment of more than 24 trillion VND in Phu Quoc city, Kien province. Jiang. The event caused a “wave” in the resort real estate market because of its scale and expected to bring a “blockbuster” resort complex to the tourism industry.

In Ha Tinh, Tan Hoang Minh is also implementing Project D’. Metropole Ha Tinh has a total area of ​​more than 2.4 hectares with a total project scale of 1,500 billion VND. The project is planned into a complex of shophouses, villas and townhouses of 5-star international standards.

Notably, referring to Tan Hoang Minh, it is impossible not to mention the “unloading” event of Thu Thiem that once caused a stir.

  The journey from running a taxi to the luxury real estate of President Tan Hoang Minh and his promise to never buy a list of three thousand, sell a list of three dong - Photo 5.

Lot 3-12 that Tan Hoang Minh won the auction, seen from above, January 2022. Photo: Quynh Tran

Before having a letter about asking for a deposit of the land plot winning the auction of VND 24,500 billion in Thu Thiem, ready to accept sanctions when unilaterally terminating the contract, Mr. Do Anh Dung still affirmed: ”By accepting to buy at the price of 2.4 billion VND/m2 of Thu Thiem land, I want to contribute to put an end to the situation of buying and selling public land at unusually cheap prices – in fact, it is not cheap because businesses must spend a lot of costs “lubrication”, “night travel” and many other intangible costs…

I spent money worth the value of the land to buy transparency. I can safely carry out the project on that land without having to wait for the procedure, nor worry about the inspection, inspection…Thus, it can be confirmed that I bought at the right price, not at the price!

  The journey from running a taxi to the luxury real estate of President Tan Hoang Minh and his promise to never buy a list of three thousand, sell a list of three dong - Photo 6.

As for the suspicion that Tan Hoang Minh “plots” something and then finally drops the deposit, I would like to confirm that there is no such thing as spending nearly 600 billion dong in a deposit to bring a bad reputation for himself. Moreover, the provisions of the law on auction are very clear, if you don’t want to put down a deposit, you will give up. Tan Hoang Minh is a big business, never “buying three thousand, selling three dong” in such a crude way!”.

From “officer” came out to do business and many prestigious awards

“Making a storm” in the economic field, few people know that before becoming a successful businessman, Mr. Do Anh Dung has a degree in Engineering from the University of Science and Technology. He was also an officer in many government units. Specifically, he worked at the State Committee for Science and Technology in Hanoi (1984 – 1986), and the State Committee for Science and Technology in Ho Chi Minh City (1986 – 1989). From 1989 to 1993, he was Deputy General Director and Director of ELOPI Optical Electronics Export Union (under the Vietnam Academy of Sciences, HCMC branch).

During his career journey, Mr. Dung received many certificates of merit and noble awards from the State and Government including: Red Star Award (2003); Certificate of Merit for Outstanding Individual in Economic Field by the Prime Minister (2004); Vietnam Gold Star Award (2004); Brand Gold Cup Award (2004)…

Looking back at the past in the market, President Tan Hoang Minh once experienced success: ”The door to success never closes to those who always try and make efforts. Must always try and never give up, even in failure or the most difficult, must love life, love the job to maintain your job.”.

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According to Nhuan Hoa

Business and marketing

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