According to a report submitted to the Hanoi Stock Exchange (HNX), Capitaland Tower JSC reported a post-tax loss of over VND 38 billion in the first half of this year. As a result, the company’s equity fell to nearly VND 800 billion. In 2023 and 2022, the company incurred post-tax losses of VND 2,683 billion and VND 756 billion, respectively.
As of the end of June, Capitaland Tower’s liabilities stood at VND 17,676 billion, an increase of VND 5,175 billion from the previous year. The company’s total assets amounted to VND 18,475 billion.
Capitaland Tower currently has four bond issues, with codes ranging from CPLCB2328001 to 004, all issued on July 25, 2023, with a term of 60 months and a maturity date of July 25, 2028. The interest rate is set at a low 1% per annum, and the total face value is nearly VND 12,240 billion. These bonds are secured by the company’s entire charter capital of VND 2,070 billion, as well as future land use rights and assets related to the upcoming The Sun project. Additionally, supplementary assets owned by Capitaland Tower and/or third parties may be used as collateral if necessary.
The Sun project boasts a prime location with direct access to the Ba Son underground station, and experts predict that The Sun Tower could be the first and only office building in Vietnam to adopt the TOD (Transit-Oriented Development) model. Spanning an area of 6,000m2, the project offers a total floor area of 134,564m2. Construction of the Capitaland The Sun Tower apartments commenced on October 4, 2020.
Soaring to a height of 240 meters, Marina Central Tower comprises 55 floors above ground and 5 basement levels, making it the third tallest building in Ho Chi Minh City, after the Landmark 81 and Bitexco Tower.
 55-story Marina Central Tower at the foot of Ba Son Bridge
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Established in 2016, Capitaland Tower had a charter capital of VND 2,070 billion as of November 2023, with two shareholders: Mr. Luong Phan Son holding 95% and CLV Investment 6 Limited (Cayman Islands) owning the remaining 5%. On March 27, 2024, the company’s shareholder structure changed as CLV Investment 6 Limited withdrew, making way for Mr. Nguyen Manh Kien and Mr. Nguyen Tan Hung, who each held 2.5%, while Mr. Son retained his 95% stake. Mr. Son serves as the Chairman of the Board of Members, and Mr. Ngo Nhu Vuong is the General Director.
Mr. Son has also recently become a shareholder of Thien Phuc Trading and Development Investment Company, which acquired a 16% stake in SDI Trading and Development Investment Company – a business that owns over 41% of Vincom Retail Joint Stock Company (HOSE: VRE).
The Quiet Achiever: Obscure Real Estate Developer with Prime Ba Son Location (Ho Chi Minh City) Reports Half-Yearly Losses in 2024, with Debt Surpassing VND 12,000 Billion in Bonds.
The esteemed enterprise, owners of the prestigious Ba Son project in Ho Chi Minh City, boasts an impressive estimated total asset value of nearly VND 17,000 billion.
The Big 3: Banks Offering Competitive Savings Rates of 8% and Above
To earn a savings interest rate of 8% per annum and above, a minimum deposit of 500 billion VND is required.
