In 2006 (At this time Gold 13 million / tael, USD 17,000 / 1USD)
– Vietnam joined the WTO, the official business law approved by the National Assembly, also the year the Securities Law (CK) was enacted, creating an atmosphere of excitement for the second largest investment wave after the integration. the second wave of land fever was established from 2000 (Ho Chi Minh City), 2005 (Hanoi) but until the 2005 Enterprise Law and the 2006 Securities Law created a new legal corridor for businesses to go on the floor strongly and mobilize. capital, stock issuance, internal bonds.
– GDP in turn of 66 years (2006), 77 (2007), USD 99 billion (2008).
-VNIndex 300 (2006), the CK bubble peaked ~ 1200 (March 2007), and came back ~ 300 (2008), many people became overnight millionaires and lost their money. The stock market capitalization in 2006 was estimated at USD 15 billion, accounting for 23% of GDP.
A large amount of people’s investment in the stock market, and a large number of successful people from the fledgling, primitive stock market, many holes, the opportunity of 1 year has created a successful cash flow from securities investment in real estate created a fever 2007-2009 in Ho Chi Minh City and Hanoi. A little slower is in Binh Duong, Dong Nai with the big project of Binh Duong new city and Long Thanh Sb, Nhon Trach metropolis.
The richest person on the stock market first was entrepreneur Truong Gia Binh FPT, then businessmen Dang Thanh Tam and Dang Hoang Yen took over, then Bau Duc took over in 2008 (Hoang Anh GL Enterprise with Quoc Cuong GL wood export, emerging after opening, investing in rubber, hydroelectricity, real estate).
After 10 years of effort in building and investing in infrastructure and business, PMH has created a new center and model city of Ho Chi Minh City in the South. In 2007, PMH issued a 20-30 year installment policy supported by 9 banks which triggered the second land fever in Ho Chi Minh City in 2007-2008 and then spread to Hanoi in 2009-2010.
At this time, the name Him Lam (a construction company based in Bac Ninh province specializing in leveling and constructing for PMH since 1999) also had its own project, being the investor of KDC Him Lam. Te canal, fever peak 80-110tr / m2 of land here and to the bottom of 40-50tr / m2 only 1 year later. In 2007, HN people started going to the South to buy land, contributing to the fever. Him Lam – businessman Duong Cong Minh is also the chairman of Lien Viet Posbank, and later transferred to CT Sacombank.
In 2008, the name Nova Land (a branch of Nova Veterinary Drug Company) officially entered the field of real estate, going up when the frozen market started with the great project Sunrise City Q7.
2007 Sungroup Group of businessman Le Viet Lam (also from Ukraine) in Central Vietnam started investing in Ba Na Hill in Da Nang, there are many land-exchange projects for infrastructure in Da Nang creating a premise for Danang’s land fever in next cycle 10 years later.
In 2007, Ms. Truong My Lan – Van Thinh Phat & SCB owned a long-standing Chinese business center – An Dong Plaza, on An Duong Vuong Street and opened a series of high-profile real estate projects that were not completed later. .
2007 is also the year businessman Nguyen Thi Phuong Thao owned Furama Danang – a prerequisite for Sovico, HD Bank, Vietjet Air (2011) and subsequent real estate projects in Phu Quoc. Entrepreneur Nguyen Thi Nga – Intimex, BRG & Seabank Group shows the ownership mark with 3 golf courses, resort real estate, Hilton hotel, smart city in Hanoi later. Thai Huong Entrepreneur – Bac A Bank, TH Group joins agriculture and education real estate.
2008 The financial crisis started from the US, the fourth largest bank of the United States Lehman Brothers declared bankruptcy, but in 2011 Vietnam was seriously affected, after providing financial relief packages totaling nearly 150K billions to many unsuitable subjects are state-owned corporations, and some private corporations use it for the wrong purposes.
2010-2012 lending rates up to 17-20% / year has frozen the real estate market. Since opening Vietnam regularly, trade deficit of goods and machines has always been in shortage of USD in paying debts to foreign countries. High interest rates plus high exchange rates and difficult to arrange USD for businesses to pay foreign partners made the situation worse.
During this period, oil and rubber prices both fell, and businessmen Dang Thanh Tam and Doan Nguyen Duc took turns to be the richest stocks on the stock market. At the peak, entrepreneur Dang Thanh Tam owned two banks, Navibank and WesternBank, but had to divest all in the crisis of 2013 due to ineffective investment in the industry and loss of liquidity. And besides there are a series of bankrupt or paralyzed real estate companies such as HUD, SUDICO, SacomReal (TTC) Quoc Cuong GL, Petroleum Real Estate, etc.
In 2010 VIN Group opened Vinhomes Royal in Hanoi and Vincom Ly Tu Trong (Ho Chi Minh City), the same year Pham Nhat Vuong, the richest businessman on the stock market, overtook Doan Nguyen Duc earlier.
And a symbol of Saigon also inaugurated in 2010 is the Bitexco lotus tower of businessman Vu Quang Hoi. Vital Mineral Water Enterprise has been supplying drinking water to agencies since 1997, expanding into real estate and hydroelectricity, also owner of Manor I and II projects in SG, Marriot Hanoi Hotel (US presidents) enjoyed staying), and many other projects.
When real estate froze, some previous units, such as Hoa Lam Group & Vietbank, owned by businessman Tran Thi Lam (selling second hand motorcycles 1999, producing Kimco cars 2004-2009) had money to collect real estate in the period. This project set up a medical and commercial real estate project to be deployed at a later time. Or as the Muong Thanh Group of businessman Le Thanh Than comes from the construction unit from Lai Chau, who is bidding to build a road adjacent to the Vietnam-Laos border, as a hotel in the 1990s, it invaded to become a cheap apartment when the market froze in Hanoi was successful in 2011 and then started to build hotels (combined with resort apartments) in almost the whole country. Some names at this stage are mostly real estate distribution floors such as Dat Xanh, Hung Thinh, Khang Dien, etc.The next phase continues to develop into a real estate project developer.
At the end of 2014, a new FLC name of businessman Trinh Van Quyet (formerly a law firm) started from FLC Sam Son – Thanh Hoa Golf and Resort Urban Area project when the market was about to collapse. ice. And Sun Group has also left the mark of the first major urban area of Nam Nguyen Tri Phuong – Hoa Xuan, Da Nang. FPT joins properties in FPT city in Southeast Asia and will do the same in Long Thanh later.
-The major projects announced this period according to the real estate market peaked in 2009: Long Thanh Airport, Nhon Trach City (2009), Binh Duong New City, Phu Quoc special zone concept 2011. Merger Ha Tay province entered Hanoi in 2008, Thu Thiem tunnel is an important infrastructure project which is about to be completed in 2011, and planning the new administrative – financial center of Ho Chi Minh City in District 2. Developing phase 2 of PMH.
NàyThis phase of Real Estate fever 2007-2009, freezing from 2010-2015.
SốtThe fever characteristic of this period is mainly concentrated in Saigon and Hanoi but in Hanoi after the house price fever is very high, housing prices in Hanoi are half or twice higher than Ho Chi Minh City in the same position. Other provinces had fever but not much fluctuations except for Binh Duong, Dong Nai, Hung Yen, Hai Duong and Hai Phong. There has been no movement of land investment in most of the provinces, no projects of subdivision or construction of new administrative and population centers in localities that can be shown in the later cycle. At this fever began to clearly show the imprint of the aggressive investors from Hanoi, many people even just buy on the project map, and buy in blocks.
ẠiIn Ho Chi Minh City, there is a fever of land all over the city, but focus on talking a lot and raising prices many times higher than the peak of fever is in District 2, South Area District 7, and a part of Binh Chanh borders Q7, the new development symbol of the City.
Ài Lessons learned at this stage: IPO, issuance of stocks to raise capital from the stock market.
When it comes to making money from the stock market, you probably only hear about the ways to invest in buying and selling stocks to make a profit. Actually it’s just a small way to make money, the essence of it is that after you have had an accumulation in lesson 1, next is to build and develop a company that has a good idea to IPO it, issuing stocks, raising capital on the stock market. A small example is as follows:
A company of electrical equipment retail has been reputed to retail in the market for 10 years, having a system of 10 stores in Hanoi and Ho Chi Minh City. It only has a working capital of VND 50 billion, the remaining premises is rented, goods are owed to suppliers. If they are going to sell the whole company including the branding department store, shop etc. For foreign companies, the independent auditing company valued VND 200 billion.
But they, the owners do not sell the company, they IPO issued shares on the stock market, market capitalization of 1000 billion. So they had 1000 billion of capital, the current owner is the old director holding the dominant shares still operating the company. They have large capital and continually expand market share, gain market share from rivals, increase profits and set the rules of the leader.
Why can it be from 200 billion to 1000 billion !? This means that the action of blowing up stock prices is very easy to do when the stock market in the early period, such as the 100-year opportunity, is mentioned above, but now it is not without that, it happens under strict conditions and much more sophisticated. And most importantly, the necessary and sufficient condition for a successful IPO is that the company wants to IPO at the right time when the stock market gets excited, the company manages well, the business idea is great (Vietnamese people often copy each other, no. focus on finding new ideas, lack of creativity, so this is a bit weak). And the rest will have consulting units IPO services for you.
At this point, you have approached the lessons from small businesses and small businesses successfully, through the stock market, you have the good fortune to become a big man. Most of the first generation of giants – 5x, 6x elites successfully IPO their medium-sized enterprises into corporations with huge capital in the early stages of the stock market of this period and the owners of banks. goods and corporations play a key role in the country’s economy. And in order to continue their longevity, they must be responsible to their homeland when running that enormous resource.
To be continued (Part 3) – Landmark 2016
Source: MR. ĐÔNG DC