Enterprise Do Anh Dung - Chairman of Tan Hoang Minh, who has just spent 2.4 billion to buy 1m2 of Thu Thiem golden land?

Chairman of Tan Hoang Minh Group, Mr. Do Anh Dung is a familiar name in the real estate market with trillion-dollar projects.

In recent days, the name Tan Hoang Minh is appearing densely in many newspapers, "warming up" many real estate online forums after winning the auction of a land plot of more than 10,000 square meters in Thu Thiem Urban Area (Ho Chi Minh City). Thu Duc) at the price of 24,500 billion VND. Calculating, each square meter of land this group has to spend more than 2.4 billion. A record price. The identity of the owner of this corporation makes many people curious.

It is known that businessman Do Anh Dung was born on July 30, 1961. He currently holds the position of Chairman of the Board of Directors and General Director of Tan Hoang Minh Group, the co-founder and contributed 97.2% of the capital.

Besides, he is also the chairman of Minh Viet Securities Investment Fund Management Joint Stock Company. These are all enterprises operating in such fields as: import and export, production of high-quality bamboo and rattan furniture, hotels, finance, real estate, etc.

First steps to start a business

The career path in the early years of businessman Do Anh Dung's life had a few certain achievements. Among them, in the period 1984 - 1986, he worked at the Hanoi State Science and Technology Committee. After that, he moved to Ho Chi Minh City for 3 years.

Period 1989 - 1993: Mr. Dung worked at ELOPI Optical Electronics Export Union as deputy general director.

June 14, 1993: He established Tan Hoang Minh Hotel Service Trading Co., Ltd. This is the forerunner of Tan Hoang Minh group. During the start-up period, Tan Hoang Minh group operated in many different fields such as: production of black bamboo and rattan furniture, public passenger transport,...

1995: His V20 taxi public transport brand goes live and has become very popular in the early 2000s.

1993: The rattan and bamboo factory with the brand RATEX was established by him. These products have been exported to fastidious European markets such as Turkey, Italy, etc. Every year, bamboo and rattan furniture products bring Tan Hoang Minh up to 35 million USD in profit.

A reckless move to real estate

In 2006, realizing the great potential of Vietnam's real estate market, Mr. Do Anh Dung decided to change Tan Hoang Minh's direction to major business in real estate. In particular, much attention is paid to the high-end real estate market. It can be said that the change of orientation to real estate business has brought great achievements to Tan Hoang Minh Group itself. Since Tan Hoang Minh switched to real estate, he has been associated with the nickname: King of lakeside real estate.

Business philosophy

To be able to achieve the current success, Mr. Dung and his business also had to go through very difficult days. However, to be able to share more about his own philosophy of success, the captain of Tan Hoang Minh group shared that: "First, you must love what you do, if you want to be successful, you must have passion. All successful people have one thing in common: they love their work. If you work with apathy, you only need to face difficulties and give up."

Shocking golden land acquisitions

Viet Star Real Estate Investment Co., Ltd - a member of Tan Hoang Minh Hotel Trading Service Company Limited (Tan Hoang Minh Group) has just won the auction of land lot 3-12 (10,060 m2) in the functional area. 3 and 4 Thu Thiem New Urban Area.

The starting price of this land lot is 2,942 billion VND. Member of Tan Hoang Minh Group won the auction with the price of 24,500 billion VND, 8.3 times higher than the original price after 70 rounds.

In fact, this is not the first time that Tan Hoang Minh has participated in bidding many times higher than the starting price offered.

Previously, Tan Hoang Minh made the real estate world stunned when he auctioned the land at 23 Le Duan, District 1, Ho Chi Minh City. HCM. After 16 intense auctions, Tan Hoang Minh Group won with the price of 1,430 billion VND - 2.6 times higher than the starting price.

On August 7, 2015, the City People's Committee. Ho Chi Minh City has issued a decision approving the winning result at the auction of land use rights at 23 Le Duan. The auction "deposit" of more than 83 billion VND of Tan Hoang Minh has also been transferred to the State Treasury.

However, right after the People's Committee of Ho Chi Minh City approved the auction results, Tan Hoang Minh sent a written request to cancel the results. Tan Hoang Minh Group said that the auction organizer had made a mistake on the price step and also did not pay the winning amount at the auction. Therefore, the city proposed the relevant units to advise to resolve, specifically consider canceling the results to re-organize the auction.

During this time, Trung Nam Construction - Investment Joint Stock Company proposed the city to add this land to the list of land plots to be exchanged for BT contracts of an anti-flood project.

Unexpectedly, in June 2016, Tan Hoang Minh sent a document to the City People's Committee. Ho Chi Minh City, proposed to continue to buy land at 23 Le Duan. According to regulations, after 180 days from the date of winning the auction, if the auction winning unit fails to pay enough money to buy the property, it must pay a fine or may have the result canceled and the deposit lost.

With the desire to continue to buy 23 Le Duan gold land, in addition to the winning amount at the auction, Tan Hoang Minh had to pay more than 260 billion VND in late fines. On May 23, 2017, the Property Auction Center in Ho Chi Minh City. Ho Chi Minh City handed over the land to Tan Hoang Minh.

Previously, Tan Hoang Minh Group also invested about 1,000 billion VND to acquire the "diamond land" lot at the intersection of Hang Bai - Hai Ba Trung (Hoan Kiem district, Hanoi), the purpose of building a commercial center. and resettlement. However, in the end, Tan Hoang Minh transferred to Masterise Homes to implement the "brand name" real estate project.

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