Female Tycoon Takes Over Tyson An Phu from Foreign Shareholders
On August 22, Tyson An Phu Company Limited held a groundbreaking ceremony for the AVA Center residential project (commercial name: AVA Center or An Phu Center) in Thuan Giao Ward, in the former Binh Duong province, now Ho Chi Minh City.
According to the introduction, the project is located at the Hoa Lan intersection, where Thu Khoa Huan Street meets National Highway 13. On an area of 7,342.9 square meters and with a construction density of 34.5%, the project consists of two blocks: Block A with 40 floors and two basements for mixed-use apartments, and Block B with six floors for commercial, service, and community activities.
On November 29, 2024, the Binh Duong Provincial People’s Committee issued Decision No. 3354/QD-UBND, approving the investment policy and recognizing Tyson An Phu Company Limited as the investor for the AVA Center residential project.
On June 30, 2025, the Binh Duong Provincial Department of Construction granted Construction Permit No. 3900/GPXD to the investor.
AVA Center Project Perspective
According to PV data, in July 2025, Tyson An Phu used all its assets, rights, and legal interests obtained from the AVA Center project as collateral at VPBank, Transaction Center 2 Branch.
Tyson An Phu Company Limited, formerly known as Khang Ky Joint Venture Company Limited, was established in 2008 and was once foreign-owned.
Initially, the company was directed by Mr. Kou Yu-Ting (a Taiwanese national) as General Director. With a charter capital of over VND 36 billion, Power Win International Corp (headquartered in the Cayman Islands) held 77.034%, while Khang Ky Development Joint Stock Company owned the remaining 23%.
In mid-November 2021, the company raised its capital to over VND 91 billion; Khang Ky Development Joint Stock Company held 7.13%, Power Win International Corp held 30.58%, Mr. Nguyen Son Hai Long held 51.82%, Mrs. Nguyen Thi Anh Dao held 5.48%, and Mrs. Nguyen Thuy Thoai Phuong held 4.99%.
Following the shareholder change, Mrs. Nguyen Thuy Thoai Phuong replaced Mr. Kou, and the company was renamed Tyson An Phu as it is known today.
Subsequently, the company made several adjustments to its charter capital. By January 2024, Tyson An Phu had a charter capital of VND 505 billion. The shareholder structure at this time comprised Khang Ky Development Joint Stock Company with 1.29%, Power Win International Corp with 5.52%, Mrs. Nguyen Thi Anh Dao with 0.99%, and General Director Nguyen Thuy Thoai Phuong with 92.2%.
According to a PV source, in July 2025, Mrs. Phuong pledged 92.2% of Tyson An Phu’s shares, equivalent to a capital contribution of VND 465.6 billion and related assets, as collateral at VPBank, Transaction Center 2 Branch.
The Strength of the Nguyen Thuy Thoai Phuong – Nguyen Son Hai Long Shareholder Group
It is known that Mrs. Nguyen Thuy Thoai Phuong (born in 1971) is also the Director and dominant shareholder of An Phu Real Estate Investment Company Limited (An Phu Real Estate).
This enterprise was established in 2021 with an initial charter capital of VND 450 billion. The founding shareholders were two individuals: Mr. Nguyen Son Hai Long, contributing 99%, and Mrs. Nguyen Thi Thoai Phuong, contributing 1%.
Just two months after its establishment, the company increased its capital to VND 526 billion, with Mr. Long holding 99.049% and Mrs. Phuong holding 0.951%.
In October 2023, Mr. Long withdrew his capital, and Mrs. Phuong increased her ownership to 60%, with a new shareholder, Mrs. Nguyen Thuy Diem Hang, holding 40%.
As of March 2025, the company’s charter capital was VND 816 billion, with Mrs. Phuong maintaining her 60% ownership, Mrs. Nguyen Thuy Diem Hang reducing her stake to 28.97%, and a new shareholder, Thanh Minh Construction and Technical Company Limited, holding 11.03%.
PV data revealed that, in March 2025, Mrs. Phuong also pledged her 60% stake in An Phu Real Estate, equivalent to a capital contribution of VND 489.6 billion and related assets, as collateral at HDBank.
An Phu Real Estate is the investor of the Ava Plaza residential project in An Phu Ward, Thuan An City, with a total investment of VND 2,800 billion.
Furthermore, Mrs. Nguyen Thuy Thoai Phuong is also the Director and legal representative of Thuan Thanh Real Estate Trading and Production Joint Stock Company, established in 2001. The company is registered for the production of iron, steel, and cast iron and operates as a limited liability company.
Before August 2022, the founding shareholders were Mrs. Nguyen Thi Bich Van, Mr. Nguyen Tri Nhan, and Mr. Nguyen Vinh Tam. These shareholders also founded Nha Mo Joint Stock Company, the investor of residential projects under the Dream Home brand.
Mr. Nguyen Son Hai Long speaking at the AVA Center project groundbreaking ceremony
From August 2022, Mrs. Nguyen Thuy Thoai Phuong and Mr. Nguyen Son Hai Long took over Thuan Thanh Real Estate with ownership ratios of 40% and 60%, respectively.
In July 2023, the company transformed into a joint-stock company as it is today and added real estate business to its operations. At this time, the company had a charter capital of VND 170 billion, with Mrs. Phuong holding 30%, Mr. Long holding 60%, and Mrs. Nguyen Thuy Diem Phuong holding 10%.
In September 2023, media reports announced that SkyWorld, a Malaysian real estate developer, had acquired 100% of Thuan Thanh Real Estate for a total value of VND 350 billion.
However, PV data showed that, in May 2025, Mrs. Phuong, Mr. Long, and Mrs. Nguyen Thuy Diem Phuong pledged 90% of Thuan Thanh Real Estate’s shares to SkyWorld Development Company Limited (Vietnam).
Following the acquisition, SkyWorld Development announced the development of a project on a 2,060-square-meter land plot in Ward 6, District 8 (formerly of Ho Chi Minh City), which was previously owned by Thuan Thanh Real Estate.
Regarding Mr. Nguyen Son Hai Long, this tycoon was born in 1974 in the former Long An province. It is known that Mr. Long is also the Director of One Truss Joint Stock Company and has had numerous economic transactions with Ms. Truong My Lan and the Van Thinh Phat Group.
In a verdict announced in May 2024, the Trial Council ruled that the real estate assets involved in Mr. Long’s transactions with Van Thinh Phat Group were not related to the case and lifted the restriction on the transfer of these assets.
“AVA Center Inks Deals with Five Major Partners, Embracing New Opportunities”
“Tyson An Phu’s leading developers have partnered with top brands, solidifying AVA Center’s position as the premier All-round City in Northeast Ho Chi Minh City. This modern, integrated urban development promises a new standard of quality and convenience for the region.”
