The banking-real estate relationship is always closely linked, when one side needs capital and the other is willing to lend. Many billionaire families have long valued this relationship to help promote business activities. Therefore, it is no longer uncommon for the father to hold a senior leadership position in a bank while other relatives take on important roles in real estate businesses.

The big family holds the largest ecosystem

Vietnam Technological and Commercial Joint Stock Bank - Techcombank (TCB), chaired by Mr. Ho Hung Anh, has determined March 24 as the last day to register to attend the 2025 annual general meeting of shareholders.

This is considered a new turning point for Techcombank when this private banking giant has just recorded a billion-dollar profit in 2024 and the second generation of Mr. Ho Hung Anh has begun to hold important positions in the USD billionaire's ecosystem.

The son of Techcombank's chairman, Ho Anh Minh (born in 1995), was appointed general director and legal representative of the luxury real estate corporation Masterise Group in mid-January.

Previously, at the end of June 2024, according to the management report, Masterise Group officially became an organization related to Techcombank.

With a very fast growth rate, Techcombank is the first private bank in Vietnam to reach the milestone of 10,000 billion VND in pre-tax profit. Thereby, helping Mr. Ho Hung Anh to be on the Forbes list of world billionaires since 2019 and has maintained it continuously since then.

In 2024, Techcombank will be in the top 6 banks with the largest profits, after Vietcombank, Vietinbank, BIDV, MBBank and Agribank.

Ho-hung-anh
Mr. Ho Hung Anh. Photo: TCB

Mr. Ho Hung Anh (born in 1970) is also the co-founder of Masan Group, a multi-industry private corporation operating in the fields of consumer goods - retail - agriculture - mining. In April 2019, Mr. Ho Hung Anh was elected Chairman of the Board of Directors of Techcombank for the third consecutive term (2019-2024).

He is one of the entrepreneurs who started a business from Eastern Europe and became very successful when he returned to Vietnam.

By mid-2024, Mr. Ho Hung Anh's family still held a large amount of TCB shares. Mr. Ho Hung Anh himself held more than 39.3 million TCB shares, equivalent to nearly 1.12%.

Mr. Hung Anh's wife - Ms. Nguyen Thi Thanh Thuy owns more than 174 million TCB shares, equivalent to more than 4.94%. Her son Ho Anh Minh owns more than 172 million TCB shares (nearly 4.9%). Her daughter Ho Thuy Anh owns more than 172 million TCB shares (nearly 4.9%). Her daughter Ho Minh Anh owns more than 72 million TCB shares (more than 2%).

Mr. Hung Anh's sister-in-law (Nguyen Huong Lien) also owns more than 69.6 million TCB shares (nearly 1.98%).

Before Techcombank went public in 2018, Mr. Ho Hung Anh withdrew from Masan after 10 years as vice chairman of the group to become chairman of Techcombank according to the law. This was also the foundation for Mr. Ho Hung Anh to have a billion-dollar fortune even though Mr. Hung Anh nominally did not directly own any shares of Masan.

Close relationship with Masterise

Mr. Hung Anh's younger brother - Mr. Ho Anh Ngoc (born in 1982) has been Vice Chairman of Techcombank since 2021 after many years of working, holding many leadership positions at Techcombank in the Southern region.

Mr. Ho Anh Ngoc is a very private person with the media, although he is behind and leads the luxury real estate brand Masterise Group. Mr. Ngoc is also behind One Mount Group and was a member of the Board of Directors of Ninh Van Bay Tourism Real Estate JSC.

In addition, Ms. Nguyen Huong Lien - Mr. Hung Anh's sister-in-law - also participates in the management of Masterise Group. Mr. Hung Anh's son, Ho Anh Minh, participates in the business, in charge of sales distribution in the Northern region for Masterise.

Masterise Homes is introduced as the largest branded residences developer in Vietnam. The Masterise Homes® brand belongs to the Masterise Group.

Masterise Homes also claims to own the largest branded real estate portfolio in Southeast Asia. Recently, Masterise Homes has partnered with Marriott International - the world's largest hotel group.

In 2013, Masterise launched the Masterise Thao Dien project, followed by high-end apartment projects Masteri Millennium; M-One Saigon; M-One Gia Dinh. 2020 marked a turning point for Masterise when it developed luxury products such as Grand Marina Saigon, Global City with selling prices up to 500 million VND/m2.

After officially launching with a new brand identity, Masterise Group with the real estate brand Masterise Homes plans to develop a series of luxury apartment projects in Ba Son area, District 2, An Phu project, District 2, Masteri Centerl Point project at Vinhomes Grand Park, District 9... and Masteri Waterfront project at Vinhomes Ocean Park, Hanoi.

In Hanoi, Masterise Homes also caused a surprise when its brand name appeared on the project information board at the diamond land of more than 6,000 square meters, two frontages at 22-24 Hang Bai and 25-27 Hai Ba Trung, Hoan Kiem district.

Many projects invested by Masterise Group and its subsidiaries bear the mark of Techcombank with financial solution packages for customers such as the Grand Marina Saigon project. This is also one of the banks with the largest outstanding loan ratio for real estate in the industry.

Techcombank’s chairman once admitted this, but said that the loans were mainly for individuals who wanted to buy houses. Regarding lending to investors, the bank chose good customers and projects with full legal documents, so during difficult market periods, these projects were still implemented.

According to the financial report, by the end of 2024, Techcombank's total customer loans will be nearly 632 trillion VND, of which loans to economic organizations will be 359.4 trillion VND.

Of which, loans to real estate business organizations were over VND187.1 trillion, up 30.9% compared to VND176.8 trillion at the end of last year. Personal loans reached over VND246.4 trillion, up 40.7% compared to the end of last year. TCB did not specify personal loans for home purchases.

Techcombank also provides credit for home buyers at many projects of billionaire Pham Nhat Vuong's businesses.

Techcombank's data shows that in 2024, Techcombank recorded pre-tax profit of more than VND 27.5 trillion (USD 1.08 billion), an increase of about 20% compared to the previous year, significantly exceeding the plan assigned by the General Meeting of Shareholders (VND 27,100 billion). After-tax profit reached nearly VND 21.8 trillion, compared to VND 18.2 trillion in 2023.

In terms of income structure, net interest income for the whole year of 2024 will reach more than 35.5 trillion VND, an increase of 28% over the previous year.

By the end of 2024, Techcombank's total assets reached nearly VND978.8 trillion, up about 15% compared to the beginning of the year. Credit growth reached about 23% to nearly VND632 trillion. Customer deposits reached VND533 trillion, up 17% compared to the beginning of the year.

Billionaire Ho Hung Anh's daughter has completed a trillion-dollar deal to buy Techcombank shares . Ms. Ho Thuy Anh, daughter of Techcombank Chairman Ho Hung Anh, has completed the purchase of nearly 82.2 million shares of this bank as previously registered.