Kim Oanh - The one who used to bow and beg "daughter" Tan Hiep Phat: Going up from selling baskets and selling bags

Born in the ancient capital of Hue, businessman Dang Thi Kim Oanh chose Binh Duong as a place to build her business.

She is the founder of Kim Oanh Real Estate Group, currently holding the position of CEO at Kim Oanh Real. To become a real estate tycoon in the South, Kim Oanh spent her early days struggling to make a living.

Hue girls struggle to make a living: working as hired laborers, opening agricultural facilities, roadside pubs...

Ms. Dang Thi Kim Oanh was born in 1970, the youngest daughter in a family of 10 siblings in Hue. At the age of 13, she had to work as a hired worker to support her family, struggling with many jobs to make a living.

At the age of 20, she got married, then opened a business selling construction materials and agricultural supplies. After that, Ms. Oanh continued to open more rice dealers in her hometown.

"I am the youngest daughter in a family of 10 brothers and sisters. My family is poor, sometimes I have to eat tapioca instead of rice. My father is sick, so my brothers and sisters have to fend for themselves and help my mother. One day I fainted at the hospital. school just for the sake of hunger.

At the age of 13, I dropped out of school to work as a hired hand to help support my family. When I was 15 years old, I carried rice 10 kilometers a day to the market to sell. When I was 20 years old, I got married. Three years later, thanks to the money we had saved, my husband and I opened a business selling construction materials and agricultural supplies, "Mrs. Oanh once said.

In early 2004, before moving to Binh Duong province to set up a business, Ms. Oanh opened a grocery store in Thu Duc district, Ho Chi Minh City. When she returned to Binh Duong, she decided to open a restaurant in My Phuoc 1, Ben Cat district.

That day, Binh Duong was very deserted, only investors came to see and stopped at her restaurant to discuss more about real estate investment.

Hearing about "familiar" real estate, Ms. Oanh began to learn and entered the real estate field.

From a real estate brokerage office to a CT with a charter capital of hundreds of billions of dong

Land fever in Binh Duong took place in the years before 2008. Seizing the opportunity, Ms. Oanh opened a real estate consulting office to make a profit.

"Perhaps I am lucky and have a predestined relationship with the land. At that time, when I successfully introduced to customers, I got from 1 to 2 million dong. Until I bought a land plot of 300m2, the landowner promised to pay in 4 months, but Then the market went into a fever, so I made a profit of 50 million dong, the couple counted the money but their limbs trembled as if they had just found their lost property.

At that time, Binh Duong's real estate market was vibrant and there were many new projects. So I opened a small real estate transaction office. I advise customers enthusiastically," Ms. Oanh said.

In April 2009, Ms. Oanh established Kim Oanh Commercial Services and Real Estate Construction Joint Stock Company with initial charter capital of 48 billion VND, including 30 employees. At that time, Kim Oanh real estate focused on land plots and cheap housing. CT developed well, a year later (ie 2010), Ms. Oanh opened more branches in Dong Nai and Ho Chi Minh City.

In 2015, Ms. Oanh founded Kim Oanh Group, marking the strong development of CT. Following the great success, in addition to the land plot project, Kim Oanh Group expanded to many housing projects, townhouses and distributed to a number of other units.

In 2017, Kim Oanh real estate increased its clean land fund from 250 hectares to 500 hectares, and at the same time increased its charter capital to 100 billion VND.

From a small CT, Kim Oanh real estate is now a corporation with nearly 1,000 employees and 9 branches operating in provinces including Binh Duong, Ho Chi Minh City, Dong Nai and Thua Thien - Hue.

In addition, Kim Oanh Group also has 3 member units, namely Kim Oanh Real Estate Joint Stock Company (Kim Oanh Real), Kim Oanh Investment Joint Stock Company (Kim Oanh Investment) and Kim Oanh Construction Joint Stock Company (Kim Oanh Real). Construction).

At the beginning of October 2022, on social networks appeared a clip of more than 20 minutes recording the scene of Ms. Dang Thi Kim Oanh - Chairman of the Board of Directors of Kim Oanh Real Estate Group, kneeling and crying and begging at the feet of Ms. Tran Uyen Phuong - " daughter" of the owner of Tan Hiep Phat Group to sell shares of CT Minh Thanh to him. This incident has shaken the internet as well as the business and real estate world for a long time.

It is known that Ms. Dang Thi Kim Oanh is known as the real estate tycoon of Binh Duong and Dong Nai with a clean land fund of up to hundreds of hectares worth tens of trillions of billions of dollars, tens of members and thousands of employees. However, Ms. Oanh still accepted to put her ego and self-esteem aside to bow to a person younger than herself in the form of messy hair, crying.

The development of the incident led to Mrs. Oanh having to bow to the "daughter" of Tan Hiep Phat's house as follows:

Ms. Oanh used to borrow 350 billion from Mr. Tran Qui Thanh, but Mr. Thanh forced Ms. Oanh to make a "fake" contract for someone else in the name of 50% of the shares of the trillion Minh Thanh project. After that, Tan Hiep Phap continued to force Ms. Oanh to "fake it" to sell 100% of Minh Thanh's shares to Tan Hiep Phat. By the time of repayment of the debt to redeem the property, although Ms. Oanh had enough money to pay, but because of the contract signed "fake" before, Tan Hiep Phat had an excuse to decide not to return the property to Kim Oanh.

Ms. Oanh bet the project trillion to borrow 350 billion, minus the beginning and the end, paying interest, was fined by Tan Hiep Phat, the stork money...in the end, only 80 billion remained in hand, and then lost the project.

Ms. Oanh once shared with the press: "Thousand billions of assets can only be exchanged for more than 80 billion, what's more frustrating? So I desperately knelt down crying and begging. I begged, I bowed because I didn't want to be treated. head".

Ms. Oanh said that the act of bowing was spontaneous, she did not think at that time she would do so. Perhaps it was because for a long time she had to live in frustration, torment, and self-pity...

A "fake" contract refers to cases when the parties to the contract create another civil transaction, this is intended to conceal the nature of the main transaction. In a fake contract, the parties will create another transaction, not the main one, in order to hide the real nature of that transaction. A "fake" contract is considered a variation of a contract for the sale of assets, because it may contain the transfer of ownership of the property and payment to the seller as in a property sale and purchase contract.

Vietnamese law currently does not have strict regulations related to transactions in "fake" contracts and the term "fake" contract is becoming popular and controversial among the contracting parties.

Tan Hiep Phat and the mystery of the "fly case", Kim Oanh's thousand billion bows to handcuffs number 8 Nắng14:08:56 13/04/2023Why is the property "eaten for three generations" but yesterday, Dr Thanh and his daughter still put their hands in handcuffs because of a series of acts of "fraud", "abuse of trust"... related to land. land, property, money? In 2020, there was an incident that stunned public...