Saigon Garment – Matches Joint Stock Company has recently announced the results of its private bond issuance, MSG32504, to the Hanoi Stock Exchange (HNX).
The MSG32504 bond comprises 5,000 bonds with a face value of 100 million VND each, totaling 500 billion VND in issuance value.
Issued on September 12, 2025, these bonds have an 84-month term, maturing on September 12, 2032. They offer a fixed interest rate of 9.2% per annum, with a one-time interest payment upon maturity.
According to HNX, within a month (from August 12 to September 12, 2025), Saigon Garment – Matches issued four bond lots, raising a total of 2,968 billion VND.
In addition to MSG32504, on August 28, the company issued MSG32503, valued at 1,468 billion VND.
Previously, on August 12, they issued MSG32501, worth 490 billion VND, followed by MSG32502 on August 25, valued at 500 billion VND.
All four bond lots share the same 84-month term, a fixed interest rate of 9.2% per annum, and a one-time interest payment at maturity.
Saigon Garment – Matches Joint Stock Company, originally established as the Ben Thuy Matches Factory in Vinh in the early 20th century, was nationalized in 1948 and renamed Hoa Binh Matches Factory under the Paper – Wood – Matches Corporation.
In July 2004, the company completed its equitization, becoming Saigon Garment – Matches Joint Stock Company (SMG), operating in the real estate sector.
The Goldview project at 346 Ben Van Don, Vinh Hoi Ward, Ho Chi Minh City, developed by Saigon Garment – Matches
After several changes, as of August 2023, the company increased its charter capital from 4,380 billion VND to 5,059 billion VND. Ms. Nguyen Chi Mai (born in 1991) currently serves as the Chairwoman of the Board of Directors and legal representative.
Ms. Nguyen Chi Mai also holds positions as the CEO of New Star Hoa Binh Real Estate Joint Stock Company, Director of Long Van Real Estate Limited Liability Company, and Chairwoman of the Members’ Council of Quynh Luu Real Estate Investment and Development Limited Liability Company.
Saigon Garment – Matches is closely associated with TNG Holdings Vietnam, now known as ROX Group. In 2021, the company gained attention as a shareholder of Vietnam Maritime Commercial Joint Stock Bank (MSB).
Currently, Saigon Garment – Matches is the developer of numerous real estate projects across Vietnam. Notably, The Goldview (Hoa Binh Tower Complex) at 346 Ben Van Don, Ward 1, District 4 (now Vinh Hoi Ward), Ho Chi Minh City, stands out.
This complex consists of two towers, A and B. Tower A has 33 floors and 2 basements, while Tower B has 27 floors and 2 basements. Tower A includes 1,459 apartments for sale and 146 serviced apartments, and Tower B has 300 serviced apartments, totaling 1,905 units.
In Hai Phong, the company is developing the TNR Stars Vinh Bao residential area in Vinh Bao town.
Also in Hai Phong, in November 2021, Saigon Garment – Matches was approved as the investor for a commercial center, entertainment complex, 5-star hotel, and office building project in the Sat Market area (South Tower).
In Thanh Hoa province, the company was selected in August 2019 to develop the Nam Co Dam Residential Area in Lam Son Ward, Bim Son Town.
In Phu Tho province, Saigon Garment – Matches was chosen in June 2021 to develop the Ha Loc Urban Housing Area in Ha Loc Commune, Phu Tho Town, and the Thanh Son Urban Housing Area in Thanh Son Town.
In the southern region, on March 21, 2024, the People’s Committee of Tra Vinh Province approved the company as the investor for the Tieu Can Town Residential Area project in Tieu Can District.
Saigon Garment – Matches is also involved in other southern projects, such as the An Chau 2 Urban Area in An Giang, the Dak Doa Town Residential Area in Gia Lai, and the South of National Highway 19 Urban Area in Binh Dinh.
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