Dat Xanh Group | APEA - Asia Pacific Enterprise Awards

MASTER ENTREPRENEUR CATEGORY

Luong Tri Thin
Chairman


Dat Xanh Group
www.datxanh.vn


Information about Entrepreneur
Luong Tri Thin founded Dat Xanh Real Estate and Service Ltd. Company in November 2003, a small company with only six personnel. After 17 years, that small company has grown to become Dat Xanh Group, a top tier Real Estate corporation with more than 40 subsidiaries and affiliates throughout Vietnam with nearly 4,500 employees and 30% market share.

Other Interesting Facts about Entrepreneur
For 17 years, as the leader of Dat Xanh Group, Chairman Thin has brought great impact to the Vietnamese real-estate market. In the early 2000s, Vietnam was transitioning from a subsidized economy to a market economy and nearly everyone was in the real estate business. The main products at the time were land plots and houses. Buildings and condominiums were completely out of the picture. Seeing that great opportunity and after studying the Singaporean, Thai and Malaysian market, Chairman Thin and Dat Xanh focussed on the condo market and upgraded it with modern internal amenities for residents. Soon after that, the new trend of housing was well accepted by Vietnamese.

Company Achievements and Role as Entrepreneur
After went its IPO in 2009, Dat Xanh Real Estate and Service Ltd became Dat Xanh Group and has been operating as a group since 2010. Following that, Dat Xanh Group moved from just distribution to complete the whole ecosystem with four sectors - Real Estate services, Projects Development, Construction and Industrial, and Urban Real Estate. By the end of 2019, the total assets of Dat Xanh Group was over 21,000 billion VND (913 million USD) and revenue was 5,813 billion VND (252 million USD). The parent company's net profit after tax was 1,217 billion VND (52 million USD) and successfully traded 30,083 products, accounting for 30% of the market share. From 2015 till now, the company has been constantly listed in the Top 50 best listed Companies of Forbes.
Vision, Mission & Future Plans
Being eco-friendly is the top priority of Chairman Thin and Dat Xanh when it comes to planning a new project. All of the projects invested and developed by Dat Xanh Group were maximized with green spaces. At the same time, they were built with unique designs to be the architectural icon of the area. Dat Xanh also upholds the goal of social development, creating jobs, fulfilling tax-duties, doing charity works and taking practical actions to join hands for a sustainable and compassionate community.

Under a five-year strategic plan (2020 to 2025), Dat Xanh Group aims to become the leading real estate developer in Southeast Asia with a capitalization of five billion USD. To achieve that, the strategy is to continue promoting M&A activities to accumulate projects at key locations, creating a stable land bank and maintaining strong financial capacity to prepare for medium and long-term growth.

From 2030, the Group’s goal is to develop an urban area model and complete the Dat Xanh ecosystem with a full range of services and products to serve the whole residential community. In particular, Dat Xanh Group will deploy key projects in the mid-end segment in Ho Chi Minh City, Hanoi and the North and owning a chain of hotels, resorts and office buildings for rent, and large industrial zones in the country.

The Group’s goal is also to collaborate with global organizations to become a multidisciplinary company based on modern technology, to be the leading real estate company in Vietnam and enter the Southeast Asia and global markets.

MASTER ENTREPRENEUR CATEGORY

Luong Tri Thin
Chairman

Information about Entrepreneur
Luong Tri Thin founded Dat Xanh Real Estate and Service Ltd. Company in November 2003, a small company with only six personnel. After 17 years, that small company has grown to become Dat Xanh Group, a top tier Real Estate corporation with more than 40 subsidiaries and affiliates throughout Vietnam with nearly 4,500 employees and 30% market share.

Other Interesting Facts about Entrepreneur
For 17 years, as the leader of Dat Xanh Group, Chairman Thin has brought great impact to the Vietnamese real-estate market. In the early 2000s, Vietnam was transitioning from a subsidized economy to a market economy and nearly everyone was in the real estate business. The main products at the time were land plots and houses. Buildings and condominiums were completely out of the picture. Seeing that great opportunity and after studying the Singaporean, Thai and Malaysian market, Chairman Thin and Dat Xanh focussed on the condo market and upgraded it with modern internal amenities for residents. Soon after that, the new trend of housing was well accepted by Vietnamese.

Company Achievements and Role as Entrepreneur
After went its IPO in 2009, Dat Xanh Real Estate and Service Ltd became Dat Xanh Group and has been operating as a group since 2010. Following that, Dat Xanh Group moved from just distribution to complete the whole ecosystem with four sectors - Real Estate services, Projects Development, Construction and Industrial, and Urban Real Estate. By the end of 2019, the total assets of Dat Xanh Group was over 21,000 billion VND (913 million USD) and revenue was 5,813 billion VND (252 million USD). The parent company's net profit after tax was 1,217 billion VND (52 million USD) and successfully traded 30,083 products, accounting for 30% of the market share. From 2015 till now, the company has been constantly listed in the Top 50 best listed Companies of Forbes.

Dat Xanh Group
www.datxanh.vn


Vision, Mission & Future Plans
Being eco-friendly is the top priority of Chairman Thin and Dat Xanh when it comes to planning a new project. All of the projects invested and developed by Dat Xanh Group were maximized with green spaces. At the same time, they were built with unique designs to be the architectural icon of the area. Dat Xanh also upholds the goal of social development, creating jobs, fulfilling tax-duties, doing charity works and taking practical actions to join hands for a sustainable and compassionate community.

Under a five-year strategic plan (2020 to 2025), Dat Xanh Group aims to become the leading real estate developer in Southeast Asia with a capitalization of five billion USD. To achieve that, the strategy is to continue promoting M&A activities to accumulate projects at key locations, creating a stable land bank and maintaining strong financial capacity to prepare for medium and long-term growth.

From 2030, the Group’s goal is to develop an urban area model and complete the Dat Xanh ecosystem with a full range of services and products to serve the whole residential community. In particular, Dat Xanh Group will deploy key projects in the mid-end segment in Ho Chi Minh City, Hanoi and the North and owning a chain of hotels, resorts and office buildings for rent, and large industrial zones in the country.

The Group’s goal is also to collaborate with global organizations to become a multidisciplinary company based on modern technology, to be the leading real estate company in Vietnam and enter the Southeast Asia and global markets.