Encapital Finance Secures VND 180 Billion in Bond Funding Under Founder Nguyen Hoang Giang’s Leadership

According to the Hanoi Stock Exchange (HNX), Encapital Financial Technology JSC has successfully issued the ECF12501 bond series with a total value of VND 180 billion and a 3-year term.

Specifically, the ECF12501 bond series was issued in the domestic market, comprising 1,800 bonds with a face value of VND 100 million per bond, totaling VND 180 billion.

The ECF12501 bond series was issued on September 3, 2025, and completed on September 4, 2025. Consequently, the maturity date is set for September 3, 2028.

This bond series is non-convertible, unsecured, and backed by collateral.

Regarding interest rates, the bonds feature a combined rate structure. For the first two interest calculation periods, the fixed rate is 9.5% per annum. For subsequent periods, the rate floats, calculated as the sum of 4.5% per annum and the Reference Rate for that period, but not below 9.5% per annum.

The registrar is the Vietnam Securities Depository and Clearing Corporation. The related entity is National Securities Corporation (NSI).

This marks the second bond series currently in circulation by Encapital Financial Technology. Previously, on December 5, 2024, the company issued the ECFCH2425001 bond series with a value of VND 100 billion and a 1-year term.

In terms of business performance, Encapital Financial Technology reported an after-tax profit of VND 55.1 billion for the first half of the year, a 40.4% decline compared to the same period last year.

Regarding financial health, as of June 30, 2025, the company’s equity decreased by 41.6% year-on-year to VND 2,469 billion, a reduction of VND 1,756 billion. Owner-invested capital remained unchanged at VND 1,923 billion. Retained earnings more than doubled to VND 545 billion. Conversely, non-controlling shareholder interests dropped by over VND 2,000 billion to -VND 10.2 billion.

Total liabilities as of June 30, 2025, decreased by 72.5% year-on-year to VND 1,736 billion, a reduction of VND 4,572 billion. Bank loans fell from VND 3,942 billion to VND 187.5 billion. Organizational loans decreased from VND 846 billion to VND 555.3 billion. Personal loans dropped from VND 1,421.3 billion to VND 852 billion. Taxes and state dues declined from VND 47.5 billion to VND 1.7 billion. Conversely, bond issuance debt increased from VND 0 to VND 100 billion.

Established in August 2018, Encapital Financial Technology JSC primarily operates in software publishing. Its headquarters are located at 46 Ngo Quyen Street, Cua Nam Ward, Hanoi.

The company’s charter capital currently exceeds VND 1,923 billion. Mr. Nguyen Hoang Giang serves as the legal representative.

Additionally, Mr. Nguyen Hoang Giang is the largest shareholder, legal representative, and acting CEO of Encapital Holdings JSC, a management consulting firm headquartered in the same building as Encapital Financial Technology.

Mr. Nguyen Hoang Giang also chairs the Board of Directors of DNSE Securities (stock code: DSE) and holds memberships in several other enterprises.