The Tech-Savvy Scion: Unveiling the Presence of Ho Hung Anh’s Son in a Tech-Related Venture

Known as the son of Ho Hung Anh, Chairman of the Board of Directors of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Ho Anh Minh owns nearly 344.7 million TCB shares (as of December 31, 2024, according to the 2024 Management Report); equivalent to nearly 4.9% of charter capital.

Tentatively calculated at VND 30,050 per share (closing price on June 10), Mr. Minh’s assets are worth up to nearly VND 10,360 billion.

Holding a large number of TCB shares, Mr. Ho Anh Minh is not involved in the management of Techcombank. However, the young master of Chairman Ho Hung Anh recently “appeared” at a technology-related enterprise.

Specifically, Mr. Ho Anh Minh is a founding shareholder of 1Matrix Joint Stock Company (1Matrix). This enterprise was established on March 31, 2025, with the main business line of computer programming.

At the time of its establishment, 1Matrix’s charter capital was VND 200 billion, with the following shareholder structure: One Mount Group Joint Stock Company (60%); Decom Holdings Joint Stock Company (30%) and Mr. Ho Anh Minh (10%).

Regarding One Mount Group, this is a well-known technology enterprise with an “ecosystem” including platforms such as VinID, VinID Pay, OneHousing, and VinShop.

On its website, One Mount Group describes itself as being established with the ambition to create the largest technology ecosystem in Vietnam, providing solutions and services throughout the value chain, from financial services, distribution, real estate to retail.

One Mount Group was established in September 2019 with an initial charter capital of nearly VND 3,047 billion. Vingroup Corporation – Joint Stock Company owns 51.22% of the capital at One Mount Group; the other two shareholders are Ngoc Van Luong (0.06%) and Nguyen Minh Hong (0.98%). The structure of shareholders holding the remaining capital is not disclosed.

At that time, Ms. Nguyen Mai Hoa (born in 1969) was the Chairwoman of the Board of Directors and legal representative of the enterprise.

Just two months later, in November 2019, Mr. Ho Anh Ngoc (born in 1982) replaced Ms. Mai Hoa as Chairman of the Board of Directors of One Mount Group.

After several adjustments, by April 2025, the company’s charter capital was VND 6,875 billion, all of which was private capital. The structure of shareholders holding the remaining capital is not disclosed.

Ms. Nguyen Thi Thanh Thuy (born in 1970) is the Chairwoman of the Board of Directors and legal representative of One Mount Group. Ms. Nguyen Thi Thanh Thuy is known as the wife of Chairman Ho Hung Anh and the mother of Mr. Ho Anh Minh. In addition to One Mount Group, Ms. Thuy also holds a position at Viet Thanh – Sai Dong Limited Company (13 Hai Ba Trung Street, Trang Tien Ward, Hoan Kiem District, Hanoi).

According to the registration change in January 2024, the company’s charter capital was VND 355 billion, of which Ms. Thuy held 95.8%, and the remaining 4.2% belonged to Mr. Ho Anh Minh.

Currently, Ms. Nguyen Thi Dieu – General Director of One Mount Group, is a member of the Board of Directors of 1Matrix. Mr. Phan Duc Trung (born in 1971) is Chairman of the Board of Directors and legal representative of 1Matrix.

Mr. Phan Duc Trung is the Chairman of the Vietnam Blockchain Association. In addition, Mr. Trung is also known as the brother-in-law of Mr. Nguyen Dang Quang – Chairman of Masan Group, First Vice Chairman of the Board of Directors of Techcombank.

Notably, Mr. Phan Duc Trung also has a close relationship with Decom Holdings Joint Stock Company, a shareholder holding 30% of 1Matrix’s capital.

According to the information, this enterprise was formerly known as Thai Thinh Applied Technology Company Limited, established in 2010 with a charter capital of VND 1.9 billion.

In 2021, the company increased its capital to VND 130 billion; the shareholders included: Mr. Nguyen Quang Giang (15%); Mr. Phan Duc Trung (51%) and Mr. Nguyen Hoa Binh (34%).

In November 2021, Decom Holdings reduced its charter capital to VND 50 billion. According to the registration change in February 2022, Mr. Phan Duc Trung was the Director and legal representative of the enterprise, and one year later, this position was held by Ms. Nguyen Cam Binh.

Turning back to Mr. Ho Anh Minh, in addition to being a shareholder of 1Matrix, the young master born in 1995 also holds the position of General Director and legal representative of Masterise Group Joint Stock Company.

Masterise Group was established in 2007, formerly known as Thao Dien Investment Joint Stock Company (TDI). In 2019, TDI changed its name to Masterise Group Joint Stock Company. As of October 2020, the company’s charter capital was VND 2,423 billion.

The Masterise ecosystem includes important entities such as Masterise Homes Real Estate Development Limited Company, Masterise Retail Distribution Joint Stock Company, Masterise Services Real Estate Services and Management Company Limited, Masterise Hotels Hotel Services Company Limited, Masterise World Resort Services Company Limited, Masterise Property Real Estate Management Company, etc.