As of the end of June 2025, the Enterprise’s total debt decreased by VND 757 billion compared to the beginning of the year, to approximately VND 2,000 billion. Of this, bank loan balances amounted to about VND 1,240 billion, an increase of over VND 240 billion. Other debts decreased from VND 840 billion to VND 741 billion.
Despite reporting losses, the debt-to-equity ratio improved significantly, from 3.47 times to 2.51 times, while the current ratio increased from 1.37 to 3.22. The 2025 semi-annual reviewed report of Trung Thuy – Da Nang was fully approved by the International Audit and Valuation Company Limited.
The debt of over VND 890 billion in bonds no longer appears on the balance sheet of Nam O Heritage investor after Trung Thuy – Da Nang repurchased the TDNCH2225001 bond before maturity on January 13, 2025, with a principal amount of nearly VND 897 billion. This bond was issued in January 2022, with an initial value of VND 1,300 billion and an interest rate of 10%/year. The early repayment took place against a backdrop of rising bank debt, while the enterprise had previously delayed principal and interest payments due to cash flow difficulties.
A corner of the Nam O Heritage project – Photo: Nam O Heritage
|
Nam O Heritage spans approximately 35 hectares, of which 25 hectares are allocated for construction, with a total investment of about VND 4,800 billion. The project is located on Nguyen Tat Thanh Street, in the former Lien Chieu district of Da Nang city, just 6 kilometers from the airport. The developer shared that the project draws inspiration from the heritage journey of Hoi An – Da Nang – Hue and aims to develop a chain of commercial shophouses, luxury villas, tourist apartments, hotels, and healthcare and entertainment facilities, transforming the ancient Nam O fishing village into a resort destination.
According to the project’s progress update from the investor, as of the end of July 2025, four model houses had their interior furniture, wall paint, floor tiles, wall plaster, and MEP systems completed. The construction unit is expected to finish the construction of walls, room partitions, MEP, and air conditioning installations in August, while simultaneously working on the interior.
In the commercial townhouse area of phases 2A-2B, over 60% of the houses in zone 2A have completed concrete casting for the 4th floor; nearly 80% of the houses in zone 2B have finished their foundations and underground MEP pipe installation. The plan for August is to complete the 4th-floor slab of zone 2A and finish the waterproofing and basement structure for 80% of the houses in zone 2B.
Technical infrastructure, including electricity, water, fire protection, lighting, and main roads, was deployed in July. The reception house in the villa area has completed exterior painting, wall-mounted MEP, and floor leveling; the pedestrian walkway and park are under construction and are expected to be operational in August.
Nam O Heritage investor records a profit of over VND 5 billion in 2024
– 11:35 08/09/2025
“Debt Surpasses VND 10.1 Trillion: Tien Phuoc Group Reports Profit of Nearly VND 452 Billion in First Half of Year.”
This is Tien Phuoc Group’s record profit since 2021. A remarkable achievement, this financial success story is a testament to the group’s unwavering dedication, innovative strategies, and exceptional performance. With a sharp eye for market trends and a commitment to excellence, Tien Phuoc Group has navigated the economic landscape with prowess, solidifying its position as an industry leader. This milestone underscores the group’s resilience and fortitude, setting a new benchmark for prosperity and growth.
“Sunbay Ninh Thuận: Questions Arise Over Resort’s Ability to Continue Operations”
Sunbay Ninh Thuan’s woes go beyond consecutive losses; its short-term debt surpasses the total assets of its parent company. This has raised significant concerns about the company’s ability to continue operating, as highlighted by the auditors.
“Danang’s Residents Rejoice: A City Transformed”
Post-merger, Da Nang city identified transportation infrastructure as a key “launchpad”. This is seen as the foundation for a transformative shift in urban, industrial, tourism, and service landscapes.
“Shares Soar as Chairman Announces Company Stake Sale”
Today, September 3rd, the stock market resumed trading after the holiday break, with the VN-Index fluctuating in the red. Meanwhile, the real estate sector grabbed attention as a slew of stocks soared to the ceiling.
Danang Attracts 25 Semiconductor Companies
On August 30, Danang hosted the Danang Semiconductor Day 2025. This event was chaired by the People’s Committee of Danang City and the Central Policy and Strategy Committee, showcasing the city’s strategic vision for the development of high-tech industries.
