New Chairman of VNG Vo Sy Nhan: Holding key roles in a series of investment funds and real estate companies, developing projects worth tens of thousands of billions

Mr. Vo Sy Nhan

On January 10, VNG Joint Stock Company (code: VNZ) announced the appointment of Mr. Vo Sy Nhan as Chairman of the Board of Directors for the 2022 - 2025 term from January 1, 2023. Previously, Mr. Le Hong Minh - co-founder of VNG was the person holding this position. Currently, Mr. Minh is still the General Director of VNG. Mr. Minh's departure from the position of Chairman of the Board of Directors of VNG may be to comply with the regulation "The Chairman of the Board of Directors may not concurrently hold the position of General Director (Director) of a public company", in Decree No. 155/2020/ND-CP dated December 31, 2020 of the Government detailing the implementation of a number of articles of the Securities Law. The new Chairman of VNG is one of four independent members of the Board of Directors for the 2022-2025 term who were recently elected by VNG in December 2022, along with Ms. Christina Gaw, Mr. Edphawin Jetjirawat, and Mr. Nguyen Le Quoc Anh. According to research, Mr. Vo Sy Nhan has in-depth knowledge in the public and private real estate industry. Before entering the private economic sector, he worked at the Department of Planning and Investment of Ho Chi Minh City. He is also a member of YPO (Young Global Leaders Community) and an alumnus of Harvard Business School. In May 2022, he was also appointed Chairman of the ULI Committee (Urban Land Institute - Interdisciplinary Research and Education Institute) Vietnam.

His mark in the private sector is demonstrated through the management of a series of enterprises. Currently, Mr. Nhan is the CEO of Empire City, co-founder and CEO of Gaw NP Capital - a joint venture between Gaw Capital Partners and NP Capital Partners, and Vice Chairman of Tien Phuoc Company - a unit operating in the fields of real estate, healthcare, infrastructure... According to Masothue , Mr. Nhan is the legal representative of more than a dozen companies and representative offices in Vietnam, most of which are investment funds and operate in the real estate industry.

Regarding the operations of the enterprises in which Mr. Nhan plays a key role, some outstanding real estate projects operated by Tien Phuoc and Empire City include the 5-star Le Meridien Hotel, Estella, Senturia South Saigon Residential Area with an area of ​​19.8 hectares, Palm City Urban Area with a scale of 14.6 hectares, Empire City with a scale of 14.6 hectares...

In particular, the Empire City observation tower complex in the core area of ​​Thu Thiem New Urban Area, District 2, Ho Chi Minh City with a number of large items such as an 88-storey building, a 5-star hotel, a commercial center... licensed by Ho Chi Minh City in 2015 is the most prominent project. " We have developed many high-rise projects, but there has never been a project like this before. When Empire City is completed, it will be the tallest tower in Vietnam with 88 floors. This is a big challenge for us but it is certainly a once-in-a-lifetime opportunity that we cannot miss ", Mr. Nhan once shared about Empire City. With a total registered investment capital of about 26,000 billion VND (equivalent to 1.2 billion USD), the Empire City project is contributed by Tien Phuoc Real Estate Joint Stock Company, Tran Thai Real Estate Company Limited and a foreign partner, Denver Power Ltd (UK) under Gaw Capital Partners. It shows that the businesses that Mr. Nhan runs are closely related to each other.

Empire City Thu Thiem Project, Ho Chi Minh City

In addition, in 2017, Mr. Vo Sy Nhan and Empire City joined hands with a startup in Shanghai, China, Naked Hub, when this startup planned to open a series of co-working spaces in Vietnam, including Hanoi and Ho Chi Minh City. Naked Hub is also a unit that received great support from the Gaw Capital fund. According to Mingtiandi - a news site specializing in the Asian real estate market, Naked Hub also cooperated with Mr. Le Hong Minh - Former Chairman of VNG. In 2019, Gaw NP Capital developed an additional investment fund with a logistics, warehousing and industrial services platform, Gaw NP Industrial (with an investment capital of 200 million USD). Mr. Nhan is also the co-founder and CEO of this unit. This is a strategic partner of many units in Vietnam including: Tiki Joint Stock Company, Giao Hang Nhanh Logistics Joint Stock Company, Francia Beauty Limited Company and Vietnam International Commercial Joint Stock Bank ( VIB ). Gaw NP Industrial's integrated factory & warehouse projects, ready-built factories for rent include GNP Nam Dinh Vu Industrial Center (Hai Phong), GNP Yen Binh Industrial Center (Thai Nguyen).

According to Market Pulse