VietNamNet Bridge – Vietnamese tycoons have spent extravagant sums on their mansions, in a country with per capita income of just over $1,100 a year.

Banker Nguyen Duc Kien is a typical example. The tycoon who was recently sentenced to 30 years in jail for tax evasion and swindling has hundreds of millions of US dollars. He has many supercars and a mansion on 500sq.m facing West Lake, prime real estate in Hanoi.

Kien's villa.

According to many real estate brokers, the price for one square meter of land there is VND250-300 million ($12,000-15,000). Therefore, Kien’s land alone is worth at least VND150 billion ($7 million).

Khai Silk’s luxurious white mansion: Mr. Khai Silk is known as the owner of many splendid buildings, Khai's Brothers, Au Manoir, Cham Charm and Agapestro restaurants. The buildings have sophisticated and unique designs.

The white castle of Khai Silk.

However, the most famous building owned by Khai, the chair of Khai Silk Group, is the super luxury white castle named Tamasago in Saigon. Khai once said: "I've built a lot of restaurants, hotels and resorts, but this is the first work I can be proud of. The castle is not only for myself but for everyone’s enjoyment".

The latest building of Khai Silk is in Indian style. Every detail in the white castle is different. Even the smell of the castle is very special.

The mansion of banker Tram Be: The Vice Chair of Sacombank – Mr. Tram Be – does not show himself to the public but his reputation is widespread. Recently, the pictures of his villa in Tra Vinh province which appeared in several newspapers surprised many people.

Tram Be's mansion.

Tram Be’s mansion looks like a castle with five towers on the roof. This castle is situated on 30 hectares of land. There are many beautiful and rare ornamental trees, which are worth millions of US dollars.

Furniture in the castle is imported and luxurious, including a chandelier of nearly 10m in diameter from Europe, worth hundreds of thousands of USD, in the main hall of the building.

A garden villa in Hai Duong: Although gold prices are rising, Mr. Nguyen Duc Luong, President and CEO of the Truong Linh Housing Investment Company, used 60 taels of gold to laminate his garden-village in Tan Dan commune, Chi Linh district, Hai Duong province.

The wooden house in Hai Duong.

The huge wooden house is made mostly from ancient ironwood. Inside the house are 49 big wooden columns and dozens of gold-plated parallel sentences.

The million-USD villa of businessman Cao Tien Doan in Thanh Hoa Province is located on five hectares of land.

The villa in Thanh Hoa.

The gold-inlaid mansion of Jonathan Hanh Nguyen, chairman of the IPP group, which distributes 30 percent of global luxury fashion brands in Vietnam, is located in Saigon on “gold” prime real estate. The mansion is worth millions of US dollars.

The gold-inlaid mansion of Jonathan Hanh Nguyen.

Kieu Nhu