{"id":32707,"date":"2016-11-02T15:34:24","date_gmt":"2016-11-02T08:34:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-real-estate-made-vietnams-second-billionaire\/"},"modified":"2016-11-02T19:33:20","modified_gmt":"2016-11-02T12:33:20","slug":"how-real-estate-made-vietnams-second-billionaire","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-real-estate-made-vietnams-second-billionaire\/","title":{"rendered":"How real estate made Vietnam\u2019s second billionaire"},"content":{"rendered":"<p>&#013;<br \/>\nFLC Group chair strikes gold on Vietnam Stock Exchange<br \/>\nHanoi and Dong Da Lake. Hanoi Photography\/Shutterstock<br \/>\nProperty tycoon Trinh Van Quyet has achieved dollar billionaire status, only the second person to do so in Vietnam.<br \/>\nIt was a stock rally that catapulted the FLC Group chairperson to the top of the Vietnamese heap. Quyet\u2019s total assets skyrocketed to VND22.674 trillion (USD1.02 billion) on Thursday, VnEconomy reported.<br \/>\nQuyet now holds 93 million shares in FLC, in addition to 280 million shares in ROS (Faros Construction JSC), a frequent contractor for property projects backed by FLC. He in effect joins Vingroup president Pham Nhat Vuong, whose net worth is estimated at USD2.3 billion according to Forbes, as the country\u2019s two richest men.<br \/>\nMore: On Vietnam real estate: \u201cThere are opportunities, and the opportunity is now\u201d<br \/>\nThe news comes on the heels of Quyet surpassing Tran Dinh Long, president of Hoa Phat Group, as Vietnam\u2019s second wealthiest stock millionaire, next only to Vuong.<br \/>\nQuyet\u2019s backstory would resonate with thousands in the ASEAN nation, riding an economic and property boom after decades of stagnation. Born to a poor family in Vinh Phuc province, Quyet repaired electronic products in Ho Chi Minh City after graduating from high school. He later attended Hanoi Law University.<br \/>\nRead next: Danang, Vietnam: why foreign investors should pay attention&#013;<br \/>\n&#013;<br \/>\nSource : property-report.com&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.property-report.com\/how-real-estate-made-vietnams-second-billionaire\/\" target=\"_blank\">How real estate made Vietnam\u2019s second billionaire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; FLC Group chair strikes gold on Vietnam Stock Exchange Hanoi and Dong Da Lake. Hanoi&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-32707","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8vx","jetpack-related-posts":[{"id":12400,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vietnam-property-awards-2016-final-shortlist-announced\/","url_meta":{"origin":32707,"position":0},"title":"Vietnam Property Awards 2016 final shortlist announced","date":"May 9, 2016","format":false,"excerpt":"\r Judging panel reveals the final shortlist for Vietnam\u2019s biggest awards programme and justifies the buzz around the country\u2019s real estate market It\u2019s time to raise a glass for this year\u2019s official shortlist of nominees for the Vietnam Property Awards 2016, the most exclusive and most respected industry awards programme\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vietnam-property-awards-2016-the-complete-winners-list\/","url_meta":{"origin":32707,"position":1},"title":"Vietnam Property Awards 2016: the complete winners list","date":"June 11, 2016","format":false,"excerpt":"\r Nam Long Investment Corporation wins Best Developer (Vietnam), while\u00a0The D\u00e0lat at 1200 Country Club and Private Estate sweeps with 5 awards An action-packed evening full of celebration and surprises, the second annual Vietnam Property Awards Gala Dinner saw Nam Long Investment Corporation crowned Best Developer 2016. The housing developer\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japanese-contractor-to-pour-usd1-billion-in-vietnam-property\/","url_meta":{"origin":32707,"position":2},"title":"Japanese contractor to pour USD1 billion in Vietnam property","date":"September 19, 2016","format":false,"excerpt":"\r Kajima is ready to take on a developer\u2019s mantle Danang, Vietnam\u2019s third largest city. Galina Savina\/Shutterstock Vietnam\u2019s property market continues to ensnare Japanese firms. The latest: Tokyo-based contractor Kajima, which will be establishing a joint venture with Hanoi-based developer Indochina Capital in October for real estate development opportunities in\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43043,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-vietnam-have-an-affordable-housing-crisis\/","url_meta":{"origin":32707,"position":3},"title":"Does Vietnam have an affordable housing crisis?","date":"February 6, 2017","format":false,"excerpt":"\r Demand is not being met Carp-Dragon Statue in Danang, Vietnam. TBone Lee\/Shutterstock Vietnam is getting an exceptionally short shrift on affordable housing, with the country now ranking as one of the least affordable markets in the world. The markets in Hanoi and Ho Chi Minh City have been inordinately\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44047,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-vietnam-real-estate-suffering-from-a-drop-in-overseas-remittances\/","url_meta":{"origin":32707,"position":4},"title":"Is Vietnam real estate suffering from a drop in overseas remittances?","date":"February 14, 2017","format":false,"excerpt":"\r The strengthening US dollar impacts inflows of much-needed kieu hoi Traffic in Saigon (Ho Chi Minh City), Vietnam. Matyas Rehak\/Shutterstock A buttress to Vietnam\u2019s economy, \u201ckieu hoi\u201d or remittances by overseas workers have decreased last year, VietnamNet Bridge reported, citing figures from the State Bank of Vietnam\u2019s Ho Chi\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3535,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-dragon-a-new-lease-of-life-for-hanoi-real-estate\/","url_meta":{"origin":32707,"position":5},"title":"Rising dragon: a new lease of life for Hanoi real estate","date":"February 3, 2016","format":false,"excerpt":"\r Key macro-economic factors are breathing new life into the property market into the Vietnamese capital\u2019s property market It may seem anomalous given its famously crazy traffic and cacophony of sights, smells and sounds, but things have a tendency to move a little slower in Hanoi than in Ho Chi\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Hanoi-the-rising-dragon.jpg?fit=760%2C470&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32707"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=32707"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32707\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=32707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=32707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=32707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}