VietNamNet Bridge - The warming up of the real estate market has helped a businessman expand his property assets by nearly 150 percent.
Nguyen Xuan Quang, president of Nam Long Investment JSC
Real estate developer Pham Nhat Vuong, the first Vietnamese dollar billionaire recognized by Forbes, has for the sixth consecutive year, topped the 2015 list of 100 Vietnamese stock millionaires.
By December 28, 2015, Vuong’s stock assets had increased by 15.7 percent, or VND3.141 trillion, to VND24.3 trillion, or nearly $1.1 billion.
However, the tycoon did not see his assets growing the fastest in 2015.
That man was Doan Van Binh, president of CEO Group, who has stock assets increasing from VND101.7 billion to VND261 billion, a sharp increase of 156 percent.
In 2015, CEO successfully issued 34.31 million shares which were then bought by PYN FUND ELITE in large quantity. This caused the CEO share price to increase from VND10,800 per share to VND14,600 per share.
The CEO’s board of directors plan to focus on high-end real estate projects in 2016, including luxury villas at Sonasea Residences, apartments at Sonasea Phu Quoc and River Silk City project in Ha Nam province.
The second position on the list of businessmen with the fastest growing real estate assets belongs to Nguyen Xuan Quang, president of Nam Long Investment JSC, who saw his assets increase from VND270 billion to VND441.13 billion, or by 63.4 percent.
The sharp increase in Quang’s real estate assets is attributed to the jump in NLG share price, from VND17,100 to VND22,500 per share.
|The warming up of the real estate market has helped a businessman expand his property assets by nearly 150 percent.|
VPB Securities believes Nam Long’s profits will be good in the next three years.
The third position belongs to Trinh Van Quyet, president of FLC Group who has seen real estate assets increase by 39.8 percent from VND351.57 billion to VND491.46 billion.
In 2015, FLC put FLC Samson Beach & Golf Resort, which comprises a 5-star hotel and golf course, into operation. The group is also implementing a series of other huge projects, including the industrial zone FLC Hoang Long, the apartment block at No 265 Cau Giay street, FLC Twin Towers and FLC Vinh Thinh.
Tran Ngoc Henri, president of Binh Chanh JSC, following Quyet, stands at the fourth position, with assets increasing by 34.2 percent from VND101.19 billion to VND135.88 billion.
Nguyen Van Dat, president of Phat Dat, in the fifth position, saw assets increase by 18.83 percent to VND1.56 trillion.