The most influential players in the 2018 property market
VietNamNet Bridge - The biggest influencers were businesspeople whose enterprises developed large, significant projects and made huge profits, who owned big properties and successfully developed their real estate brands; and policy lobbyists who played an important role in market development.


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Truong My Lan, chair of Van Thinh Phat



Pham Nhat Vuong, chair of Vingroup

This is the leading real estate developer in Vietnam with total asset reaching VND268.23 trillion by September 2018 and stockholder equity of VND98.11 trillion, or 25.5 percent and 86.7 percent, respectively, higher than the end of 2017.

Vingroup’s revenue from real estate transfer in the first nine months of 2018 was VND57.021 trillion, up by 49.8 percent compared with the same period of 2017, which mostly came from huge projects, namely Vinhomes Golden River, Vinhomes The Harmony, Vinhomes Central Park and Vinhomes Green Bay.

Bui Thanh Nhon, chair of Novaland 

Nhon is well known as the businessman who made a series of huge M&A deals in the context of the fluctuating real estate market in 2018.

Novaland contributed VND6.421 trillion worth of capital to other businesses in the first half of 2018, a sharp increase of 70 percent over the same period last year.

2018 was a significant year for Novaland as it joined the resort real estate market segment. It expects revenue of VND21.78 trillion and post-tax profit of VND3.2 trillion.

Luong Tri Thin, chair of Dat Xanh Group

Dat Xanh owns many projects throughout the country. The group estimates revenue of VND5 trillion in 2018, equal to 153 percent of 2017.

In 2018 alone, 28,000 products were sold, bringing VND3 trillion in revenue. With good distribution network, the company hopes to have 30,000 successful transactions in 2019.

Trinh Van Quyet, chair of FLC Group

Trinh Van Quyet appeared many times in local newspapers as FLC took over many huge projects in the resort real estate market.

FLC’s most outstanding projects include Vinh Thinh Resort in Vinh Phuc, FLC Samsong Golf Links in Thanh Hoa with total investment capital of VND5.5 trillion.

The enterprise of the Vietnamese dollar billionaire also invested in FLC Quy Nhon, a 1,300 hectare complex of golf course, resort, villas and entertainment center.

Truong My Lan, chair of Van Thinh Phat

Lan is an influential woman in the market though she doesn’t appear in media regularly.

Most the projects developed by Van Thinh Phat are large and are located in ‘prime golden land areas’ in HCMC, including Times Square, Union Square and Saigon Peninsula.

Le Hoang Chau, chair of HOREA

Chau, chair  of the HCMC Real Estate Association made "daring" proposals and suggestions to the government to remove obstacles in the real estate market to ensure smooth and transparent development of the market.


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Thanh Lich

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