Expert in teaching how to get rich, selling real estate investment courses

On his personal website and social media channels, Mr. Nguyen Thanh Tien is introduced as a speaker teaching how to get rich, the highest paid real estate training expert in Vietnam, selling real estate investment courses.

With a high frequency of advertising, Mr. Nguyen Thanh Tien's face is very famous on social networking platforms.

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Mr. Nguyen Thanh Tien was introduced as the highest paid real estate expert in Vietnam. Photo: NTT.net

Nguyen Thanh Tien introduces himself as a teacher and owner of a Youtube channel with nearly 180 thousand followers, with many investment strategy courses, "tricks" of sales and negotiations in real estate...

Mr. Tien advertises training courses on business building strategies, investing to create million-dollar profits, instructions on owning private islands...

Accordingly, this "expert" will talk about the mindset of finding opportunities in a crisis, effective capital mobilization ideas, and where to invest if you have 1-500 billion VND. How should overseas Vietnamese invest in Vietnam? If you have been doing business for 5-10 years without making a breakthrough, what should you do?

Business has been poor for the past 10 years.

Despite possessing many "tricks" to sell real estate and the secret to making millions of dollars, the business that Mr. Tien owns has been doing poorly for over the past decade, with revenue only around a few billion VND/year and profits only a few tens of millions, mostly around 1 billion VND, the highest being 5.7 billion VND in 2021 when the Covid pandemic broke out.

According to the recently released financial report, Van Lang Technology Investment and Development Joint Stock Company (VLA), chaired by Mr. Nguyen Thanh Tien, recorded poor business results in the first quarter of 2024, contrary to what the company's leaders advertised on social networks.

In the first quarter of the year, Van Lang Technology Investment and Development continued to lose more than 1.55 billion VND and had revenue of less than 1 billion VND.

In the fourth quarter of 2023, VLA lost nearly 115 million VND, with revenue of over 1 billion VND.

In many previous quarters, VLA only had a profit of a few tens of millions of dong and a revenue of a few billion dong.

In 2023, Van Lang only made a profit of nearly 132 million VND, and in 2022 it was more than 3.6 billion VND.

Van Lang Technology Investment and Development Joint Stock Company (VLA) has been listed on the stock exchange since 2010, but its scale is still very small. Currently, VLA has a charter capital of nearly 40 billion VND, and its capitalization as of July 1 reached more than 59 billion VND.

Van Lang was formerly a member company of VietnamEducation Publishing House, established in 2007. Initially, this enterprise operated in the traditional fields of book publishing, printing, distribution, and trading of computers and educational equipment...

Starting from 2020 when Mr. Nguyen Thanh Tien became Chairman of the Board of Directors, Van Lang gradually shifted to training activities on thinking skills, sales, financial management, time management; and training on public speaking skills.

Recently, most of Van Lang Technology Investment and Development's revenue comes from training.

By the end of 2023, Mr. Tien owns 9.08% of Van Lang shares.

Real estate experts face difficulties because of real estate

In 2022, Van Lang will increase its real estate investment by purchasing a hotel in Quang Ninh worth 18 billion VND. However, due to difficulties in transferring property ownership and the hotel tourism activities being greatly affected, Van Lang's Board of Directors proposed a meeting of the Board of Directors to pass a resolution to liquidate the hotel purchase contract, recover capital and resolve compensation procedures according to regulations.

Recently, Van Lang recorded a decrease in revenue and profit. The reason given was a significant decrease in the number of students participating in the courses.

According to the plan, in 2024, Van Lang will maintain training activities and continue to expand courses such as investment and real estate strategy, business intelligence, capital mobilization courses, etc.

In addition, VLA also focuses on investing in real estate, the stock market and other services to increase revenue. Mr. Tien's company continues to set a revenue target of VND20 billion and VND3 billion in after-tax profit, with a dividend of 4% of charter capital.

In the issuance that attracted nearly 20 billion VND from shareholders at the end of 2023, Van Lang spent 60% of the proceeds (equivalent to 12 billion VND) on advertising and marketing. The remaining 8 billion was used to pay employee salaries, training costs, costs of organizing classes, conferences, printing documents, entertaining guests, paying taxes, etc.

Behind the super-classes of getting rich: The weird classes In recent years, online and offline get-rich-quick classes have been held very vigorously from the South to the North, from urban to rural areas. Many students dream of becoming millionaires, billionaires after the course...