Billionaire Ho Hung Anh and his family are at the helm of Vietnam’s leading banking and real estate empires, wielding significant influence over the national economy.

A powerful business ecosystem

Techcombank (Vietnam Technological and Commercial Joint Stock Bank), chaired by Ho Hung Anh, has set March 24, 2025, as the final date for shareholder registration for its annual general meeting.

This marks a new milestone for the private banking giant, which surpassed $1 billion in profits in 2024, while the second generation of the Ho Hung Anh family begins taking on key roles in their business empire.

His son, Ho Anh Minh (born in 1995), was appointed CEO and legal representative of Masterise Group, a leading luxury real estate developer, in January 2025.

In June 2024, Masterise officially became an affiliated entity of Techcombank, strengthening the ties between the two companies.

Techcombank has rapidly expanded, becoming the first private bank in Vietnam to exceed $400 million (10 trillion VND) in pre-tax profits. This success helped Ho Hung Anh enter Forbes’ billionaire rankings in 2019, where he has remained ever since.

In 2024, Techcombank ranked among Vietnam’s top six most profitable banks, following Vietcombank, Vietinbank, BIDV, MBBank, and Agribank.

Born in 1970, Ho Hung Anh co-founded Masan Group, a major private conglomerate in consumer goods, retail, agriculture, and mining. He stepped down as Masan’s vice chairman in 2018 to comply with legal requirements before Techcombank’s public listing, focusing entirely on banking.

By mid-2024, the Ho Hung Anh family remained a dominant shareholder in Techcombank:

Ho Hung Anh: 39.3 million TCB shares (1.12%)

Nguyen Thi Thanh Thuy (wife): 174 million TCB shares (4.94%)

Ho Anh Minh (son): 172 million TCB shares (4.9%)

Ho Thuy Anh (daughter): 172 million TCB shares (4.9%)

Ho Minh Anh (daughter): 72 million TCB shares (2%)

Nguyen Huong Lien (sister-in-law): 69.6 million TCB shares (1.98%)

Despite formally divesting from Masan, Ho Hung Anh has retained significant wealth and influence without directly holding Masan shares.

Strategic ties with Masterise Group

Ho Anh Ngoc, Ho Hung Anh’s younger brother, has been Techcombank’s vice chairman since 2021. Although he maintains a low media profile, he is a key figure behind Masterise Group, One Mount Group, and previously Ninh Van Bay Real Estate.

His sister-in-law, Nguyen Huong Lien, also holds a leadership role at Masterise, while Ho Anh Minh oversees northern sales operations for the group.

Masterise Homes, a subsidiary of Masterise Group, is Vietnam’s largest branded real estate developer and claims to own Southeast Asia’s largest branded property portfolio. The company has partnered with Marriott International, the world’s largest hotel group, to develop high-end projects.

Since launching Masterise Thao Dien in 2013, the company has expanded its premium Masteri Millennium, M-One Saigon, and M-One Gia Dinh projects. In 2020, it entered the ultra-luxury market with developments such as Grand Marina Saigon and Global City, where prices have reached $20,000 per square meter (500 million VND/m²).

Masterise Group is also planning large-scale projects, including:

Ba Son District 2

An Phu District 2

Masteri Centre Point at Vinhomes Grand Park

Masteri Waterfront at Vinhomes Ocean Park Hanoi

The company unexpectedly entered Hanoi’s luxury real estate market, acquiring a 6,000m² prime land plot at 22-24 Hang Bai and 25-27 Hai Ba Trung, Hoan Kiem District.

Techcombank’s growing real estate financing

Many Masterise projects feature Techcombank-backed financing solutions for homebuyers, and Techcombank is one of the largest real estate lenders in Vietnam.

Ho Hung Anh acknowledged this but emphasized that most loans were for individual homebuyers, while corporate real estate loans were issued only to high-quality developers with strong legal credentials.

By the end of 2024, Techcombank’s total outstanding loans reached nearly $25 billion (632 trillion VND), with:

Corporate loans: $14.2 billion (359.4 trillion VND)

Real estate sector loans: $7.4 billion (187.1 trillion VND), up 30.9% from 2023

Personal loans: $9.8 billion (246.4 trillion VND), up 40.7%

Techcombank also provides financing for buyers of Pham Nhat Vuong’s real estate projects, further expanding its market presence.

In 2024, Techcombank reported:

Pre-tax profit: $1.08 billion (27.5 trillion VND), up 20% year-over-year

Net profit: $854 million (21.8 trillion VND), up from $713 million (18.2 trillion VND) in 2023

Net interest income: $1.4 billion (35.5 trillion VND), up 28%

Total assets: $38.2 billion (978.8 trillion VND), up 15%

Customer deposits: $20.8 billion (533 trillion VND), up 17%

With continued growth, Techcombank and Masterise Group remain key players in Vietnam’s financial and real estate sectors, reinforcing the strong ties between banking and property development.

Manh Ha