Who is Mr. Nguyen Hoang Linh?
Mr. Nguyen Hoang Linh was born in 1979 and is known to be the younger brother of the Apec Group’s owner, Nguyen Do Lang. Mr. Nguyen Hoang Linh’s career is identified with Onsen Fuji Group Joint Stock Company, an emerging player in the resort real estate industry.
Mr. Nguyen Hoang Linh holds a bachelor’s degree in Banking from the National Economics University, a bachelor’s degree in Economics from the University of Trento (Italy), and an MBA from the Hanoi University of Science and Technology.
Before founding Onsen Fuji, Mr. Linh held various important positions in companies within the Apec Group, such as: Member of the Board of Directors of IDJ Vietnam Investment JSC (code: IDJ) on the HNX, where Nguyen Do Lang also serves as a Member of the Board of Directors.
Information about Mr. Nguyen Hoang Linh on the Thanh Thuy Hot Spring website
Mr. Linh was also a member of the Board of Directors and Deputy General Director of Asia-Pacific Investment JSC (code: API) on the HNX, while Mr. Do Lang served as Chairman of the Board of Directors.
In October 2018, Mr. Nguyen Hoang Linh was a founding shareholder and took control of Onsen Fuji. At the same time, Mr. Linh continued to hold key leadership positions in several companies.
In 2020, Onsen Fuji completed the acquisition of 100% of the capital of Son Hai Construction and Services JSC and changed its name to Thanh Thuy Hot Spring JSC. Since December 2021, Mr. Nguyen Minh Tuan has served as Chairman of the Board of Directors, and Mr. Nguyen Hoang Linh as a Member of the Board of Directors.
In the same year, 2021, Mr. Nguyen Hoang Linh was Chairman of the Board of Directors of Duyên Hà Import-Export Joint Stock Company.
To date, Mr. Nguyen Hoang Linh is the legal representative of several companies, including: Onsen Fuji Ha Tinh Co., Ltd., Onsen Fuji Ba Be Joint Stock Company, Fuji Capital Joint Stock Company, Lynn Capital Co., Ltd., and Viet Trade and Investment Services Joint Stock Company.
Mr. Linh’s ecosystem operates in many provinces and cities, but several companies have been forced to close. These include: Onsen Ha Nam Joint Stock Company, Kim Cuong Bac Kan Island Joint Stock Company, Onsen Fuji Thanh Binh Joint Stock Company, Onsen Fuji Bac Kan Hotel Joint Stock Company, Apec Ha Nam Investment Joint Stock Company, Vịnh Vĩnh Hy Việt Nam Joint Stock Company, and Vina Hai Duong Investment Joint Stock Company.
What projects does Onsen Fuji own?
Onsen Fuji is considered an emerging player in the resort real estate industry, owning several notable projects.
The “first-born” of Onsen Fuji is the Wyndham Lynn Times Thanh Thuy hot spring resort in Bao Yen commune, Thanh Thuy district, Phu Tho province, covering an area of 4.4 hectares, with two 35-story hotel towers, developed by Onsen Fuji, which was completed and put into operation in the first quarter of 2022.
Wyndham Lynn Times Thanh Thuy project
Onsen Fuji had received an administrative penalty decision from the Thanh Thuy District People’s Committee in June 2020 for an amount of 40 million VND due to the construction of the Wyndham Lynn Times Thanh Thuy project without a construction permit.
In addition, the investor was accused of misleading advertising when stating that the project was built on the core area of the Thanh Thuy hot spring mine, which extends for 1 km, a mineral resource considered the best in Vietnam.
In early 2021, the Ministry of Natural Resources and Environment requested the Department of Natural Resources and Environment of Phu Tho province to report to the Provincial People’s Committee to direct competent agencies to investigate and handle, in accordance with their authority and the provisions of the law, the fact that Onsen Fuji does not have a permit for mineral exploration and extraction, but is advertising extensively, causing confusion among customers and the public…
Onsen Fuji is also developing another hot spring resort project in Bao Yen, Thanh Thuy, Phu Tho, called Heian Villas. The project covers an area of 9.6 hectares and consists of 238 villas and shoptels built directly above the hot spring mine. It is expected to be operational in 2024.
Another billion-dollar project by Onsen Fuji is the Dolce Penisola Quang Binh Resort Apartment Complex. The project is described as a six-star hotel apartment complex on the Nhật Lệ River in the center of Dong Hoi City, Quang Binh Province. It covers an area of 8,236 m2 with two 27-story towers comprising 1,600 hotel rooms, 71 shophouses, 21 offices, and other amenities.
It is known that this project was made possible by the partial transfer of the Sunrise Bao Ninh tourism and service project from Truong Thinh Group Joint Stock Company to Onsen Fuji by the Quang Binh Provincial People’s Committee in August 2020.
In March 2022, Onsen Fuji mortgaged the Dolce Penisola Quang Binh resort apartment complex to the Phương Dong Commercial Joint Stock Bank (OCB) – Ha Noi Branch.
Along the central coast of Vietnam, Onsen Fuji is preparing to launch another project called Lynn Times Riverside Phu Yen on the bank of the Da Rang River, Phu Dong ward, Tuy Hoa City. This is a resort township comprising five-story shophouses, 10 hotel apartment buildings with 336 apartments, and 158 City Hotel units.
In addition to the projects currently on sale, Onsen Fuji is continuing to seek land and develop tourist and hot spring resort projects in many provinces and cities.
In 2020, the group participated in the survey and proposed investment in the Wyndham Costa Ha Tinh high-end coastal tourist area with a total investment of nearly 952.4 billion VND. The project is located in Thach Van and Thach Tri communes, Thach Ha district, Ha Tinh province, with a total area of approximately 66.15 hectares, offering services such as resort services, accommodation services, and high-end commercial services…
After many years of preparation, Onsen Fuji was granted the investment policy decision and approval as the investor of the Wyndham Costa Ha Tinh project in May 2023. It is expected that within three years, the investor will build more than 300 high-end tourist villas, 1,300 shoptels, and more than 1,000 hotel rooms, combining services with accommodation, and resort tourism.
Mr. Nguyen Hoang Linh (center) representing Onsen Fuji receives the investment policy decision and investment certificate for the Wyndham Costa Ha Tinh project
In October 2023, the Ha Tinh Provincial People’s Committee approved the detailed planning, at a scale of 1/500, for the construction of the Wyndham Costa Ha Tinh High-End Coastal Tourist Area with a total investment of over 950 billion
