Nguyen Trong Minh (L), the new CEO of Ha Do Group, and Le Xuan Long, the new chairman of Ha Do Group. Photo courtesy of the company
Property developer Ha Do Group has named Le Xuan Long as its chairman and Nguyen Trong Minh as its CEO.
Long, 54, was appointed at an extraordinary shareholder meeting last week to replace the company’s founder and former chairman, Nguyen Trong Thong, who resigned at the end of July due to health issues after being at the helm since the 1990s.
He has a master’s degree in engineering from the University of Transport and an MBA from the Griggs University in the U.S. He has worked at Ha Do for over 20 years and is on its board of directors.
Minh, the new CEO, is Thong’s son and was previously vice chairman and deputy CEO.
Ha Do was founded in 1990 as a construction enterprise under the Ministry of Defence’s Military Technical Institute. It became a joint-stock company and listed on the stock market in 2010.
It has developed numerous residential properties and urban areas, such as the 30-hectare Hado Charm Villas in Hanoi’s Hoai Duc District and the nearly seven-hectare Centrosa Garden apartment complex in HCMC’s District 10. It also has interests in energy and financial investment.
It reported revenues of VND3 trillion (US$120.7 million) and post-tax profits of over VND970 billion last year.
This year it aims to acquire urban area projects and expand investment in industrial zones in the northern provinces of Hung Yen, Thai Binh and Nam Dinh.
