The special relationship of Eastern European billionaires at EuroWindow, VPBank

Not only business relationships, there are also special family relationships between the “Eastern European tycoons”. Among them are the families of Mr. Nguyen Canh Son - Chairman of EuroWindow and Mr. Ngo Chi Dung - Chairman of VPBank.

According to statistics, the group of businessmen from Eastern Europe accounts for 4/6 USD billionaires in Vietnam. At the same time, this group also owns key enterprises in many areas of the economy such as real estate (Vingroup, Masterise, SunGroup, EuroWindow, MIK Group, TNR Holdings, Phu Long...), Banking (VPBank, OCB, VIB, MSB, Techcombank), consumer goods ( Masan Consumer) or aviation (Vietjet). Not only business relationships, there are also special family relationships between the "Eastern European tycoons". Among them are the families of Mr. Nguyen Canh Son, Chairman of EuroWindow and Mr. Ngo Chi Dung, Chairman of VPBank. Mr. Nguyen Canh Son and the Eurowindow Holding empire Eurowindow Holding was established in 2007, operating under the holding model, managing direct and indirect investment capital in subsidiaries in many fields: construction materials, interiors, real estate, construction, finance and banking... In recent years, Eurowindow Holding has promoted development in the real estate sector through businesses in the ecosystem, with a huge land fund stretching from North to South in both the commercial real estate segment and the resort real estate segment. A series of famous projects such as Eurowindow River Park, Eurowindow Garden City, Eurowindow Twin Parks, Nghia Do urban area... or Movenpick Resort Cam Ranh, Radisson Blu Resort Cam Ranh... have partly shown the internal strength and great ambition of founder Nguyen Canh Son.

Mr. Nguyen Canh Son - Chairman of EuroWindow

The secretive character in the Eurowindow - Techcombank - VPBank relationship Eurowindow Holding is associated with the name of its founder Nguyen Canh Son, a secretive businessman, born in 1967, from Thanh Chuong, Nghe An. Currently, Mr. Son also holds the position of Vice Chairman of Vietnam Technological and Commercial Joint Stock Bank - Techcombank. Among the individuals related to Mr. Nguyen Canh Son announced in Teckcombank's Management Report, as "related persons", there are Ms. Nguyen Thi Phuong Hoa, his wife, and his only son, Nguyen Canh Son Tung. Mr. Nguyen Canh Son Tung is a related character and holds extremely "huge" positions in many companies. Specifically, Mr. Tung is a member of the Board of Directors and Chief Financial Officer at Eurowindow Holding JSC; a member of the Board of Directors at Hanoi Investment and Construction Joint Stock Company No. 1 (HICC1); Chairman of the Board of Directors of EuroFinance JSC; a member of the Board of Directors at Vinh Commercial Center Investment Joint Stock Company (Vincentra); Chairman of the Board of Directors of Eurowindow Quang Binh Five Star JSC; member of the Board of Directors of Moscow - Hanoi Housing Investment JSC. Mr. Tung also owns over 10% of the charter capital of Hanoi - Moscow Trade Center Investment Company (Incentra). Mr. Son Tung currently owns 21 million TCB shares, equivalent to about 713 billion VND as of September 25.

Chairman of Vietnam Prosperity Joint Stock Commercial Bank VPBank Ngo Chi Dung (Photo: Viet Q)

However, few people know that Mr. Nguyen Canh Son Tung is also the son-in-law of Chairman of Vietnam Prosperity Joint Stock Commercial Bank VPBank Ngo Chi Dung. Chairman of VPBank Ngo Chi Dung is a former employee of Techcombank. He once held the position of Vice Chairman of Techcombank from 2006-2010. Techcombank's Board of Directors also records other familiar names who are famous Eastern European businessmen sitting in the Vice Chairman position, such as Mr. Nguyen Dang Quang, Chairman of Masan Group Corporation; Mr. Nguyen Canh Son, Chairman of the Board of Directors of Eurowindow Holding Corporation. Mr. Ngo Chi Dung's family currently owns about 1.044 billion VPBank shares, of which the 3 people holding the most are Mr. Ngo Chi Dung (328.6 million shares), Ms. Hoang Anh Minh (Mr. Ngo Chi Dung's wife - 326.8 million shares) and Ms. Vu Thi Quyen (Mr. Ngo Chi Dung's biological mother - 325.9 million shares).