The Hanoi Stock Exchange (HNX) published a document from Trúc My Hoàng Private Enterprise (Trúc My Hoàng) disclosing the company’s key financial indicators for the first half of 2025.
As of June 30, 2025, the company’s equity stood at nearly VND 313 billion, a decrease of VND 42 billion compared to the same period last year; of which, owners’ investment capital was VND 400 billion.
In the first half of 2025, Trúc My Hoàng reported a loss of over VND 21.5 billion, compared to a loss of over VND 13 billion in the same period last year. This loss resulted in a cumulative loss of VND 87 billion as of the end of the second quarter of 2025.
Total liabilities as of June 30, 2025, were nearly VND 1,492 billion, a significant increase from the VND 593 billion in liabilities in the previous year, and 4.77 times the equity. The increase in debt was mainly due to an increase in Trúc My Hoàng’s bond debt from VND 200 billion to VND 1,080 billion. In addition, the company also recorded a debt of nearly VND 412 billion as of the end of the second quarter of 2025.
Regarding Trúc My Hoàng’s bonds, the company currently has two bond lots in circulation: HCMCH2429001 and HCMCH2429002.
According to information from HNX, the HCMCH2429001 lot was issued on May 21, 2024, with a face value of VND 200 billion. The term of issuance is 5 years, with a maturity date of May 21, 2029, and an interest rate of 12% per annum.
Information about bondholders, issuance purposes, collateral, etc., was not disclosed.
On November 21, 2024, Trúc My Hoàng continued to issue 8,800 bonds with the code HCMCH2429002, with a par value of VND 100 million per bond, corresponding to an issuance value of VND 880 billion.
With a term of 5 years, this bond lot is scheduled to mature on November 21, 2029. Information about bondholders, collateral, issuance purposes, etc., was not disclosed.
In the first half of 2025, the company paid more than VND 64 billion in interest for the above two bond lots.
According to PV’s data, before the issuance of the HCMCH2429001 bond lot of Trúc My Hoàng, the company mortgaged all the balances of the specialized collection account for managing revenues from buyers, capital contributors, and other mobilizations; annual trees, temporary works; all assets and existing and future interests from investing, developing, and exploiting products at the Project of 22 December Housing Area in Thuân An City, Bình Dương (now Ho Chi Minh City)
Trúc My Complex Project illustration. Image: Trúc My Hoàng Company
Trúc My Hoàng was established in December 2016, with its main business lines being the operation of polyclinics, specialized clinics, and dental clinics.
The initial chartered capital was VND 35 billion, and the Chairman and legal representative was Ms. Trịnh Hoàng Trúc My (born in 1997). Thus, at the time of establishing the company, Ms. Trúc My was only 19 years old.
In 2017, Trúc My Hoàng was approved by the People’s Committee of Thuân An City, Bình Dương Province (now Ho Chi Minh City) as the investor of the 22 December Housing Area Project (commercial name: Trúc My Complex Housing Area) in Thuận Giao Ward. The project had previously been approved by the City People’s Committee for planning and partial adjustment of the 1/500 master plan.
In August 2020, the project continued to adjust its investment policy. The total investment was over VND 2,000 billion, with a scale of 33,847m2, expected to supply the market with 177 terraced houses and 999 apartments, including 38 floors and 3 basements. The implementation time is from 2024 to 2028.
About a month before the adjustment of the investment policy of the 22 December Housing Area Project (in July 2020), Trúc My Hoàng increased its capital from VND 35 billion to VND 450 billion and then reduced it to VND 400 billion in March 2021. Also in March 2021, Mr. Đỗ Văn Bình (born in 1955) replaced Ms. Trúc My as the legal representative of the company.
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