Saigon – Lam Dong Investment and Tourism Joint Stock Company has recently submitted a document to the Hanoi Stock Exchange (HNX) detailing the payment status of principal and interest on its bonds.
According to the report, the company is obligated to pay interest on the bond series SLTCH2328001. The total interest due for this period is VND 319.88 billion, with the scheduled payment date set for September 26, 2025.
However, the company has only managed to pay VND 511.8 million to investors as of September 26, 2025, and plans to settle the remaining VND 319.4 billion by October 15, 2025.
Source: HNX
The SLTCH2328001 bond series was issued in December 2023 with a face value of VND 1,607 billion, an annual interest rate of 12%, and a 5-year maturity. The bondholder is PetroVietnam Securities Joint Stock Company.
This is the only bond series currently in circulation by Saigon – Lam Dong.
Established in 2005, Saigon – Lam Dong primarily operates in the hospitality sector, focusing on hotels, guesthouses, and resorts. The company is the developer of the Saigon – Dalat Tourism and Entertainment Complex, spanning 153 hectares.
As per the registration changes in September 2018, the company’s charter capital stood at VND 200 billion, with the following shareholder structure: Saigon Investment Joint Stock Company (40%), Ms. Le Thi Anh (40%), and Mr. Dang Thanh Tam (20%).
Mr. Dang Thanh Tam is also known as the Chairman of the Board of Directors of Kinh Bac Urban Development Corporation (KBC) and Saigon Telecommunications Technology Joint Stock Company (Saigontel, SGT).
After several adjustments, by December 2023, the charter capital of Saigon – Lam Dong had increased to VND 620 billion. During this period, Mr. Nguyen Hoang Ky Lan replaced Ms. Nguyen Cam Phuong as the General Director and legal representative of the company.
According to Saigontel’s 2025 semi-annual governance report, Ms. Cam Phuong remains affiliated with Saigon – Lam Dong as a Board Member. She also serves as the General Director and Board Member of Saigontel, where Mr. Dang Thanh Tam is the Chairman.
Rendering of the Saigon – Dalat Tourism and Entertainment Complex. Photo: Saigontel
Additionally, Mr. Nguyen Hoang Ky Lan, the General Director of Saigon – Lam Dong, also serves as the representative for several companies, including A&E Logistics LLC, 3H Vietnam Investment and Construction LLC, and Robin Hill Resort LLC.
In February 2024, Saigon – Lam Dong pledged its entire capital contribution in 3H Vietnam Investment and Construction LLC, valued at VND 945 billion, and its stake in A&E Logistics LLC, valued at VND 965 billion, as collateral at the Hanoi branch of Vietnam Public Bank.
Regarding financial performance, as of June 30, 2025, the company’s equity had significantly declined to nearly VND 99 billion, compared to over VND 534 billion in the same period the previous year.
In the first half of 2025, Saigon – Lam Dong reported a net loss of over VND 142 billion, a substantial increase from the VND 8 billion loss recorded in the first half of 2024. Accumulated losses as of June 30, 2025, reached nearly VND 537 billion.
Total liabilities amounted to VND 2,769 billion, 28.02 times the equity. Long-term debt accounted for the majority at nearly VND 2,418 billion, including VND 1,606 billion in long-term loans and finance leases from the SLTCH2328001 bond series, and VND 399 billion in deferred income tax liabilities.
Short-term debt totaled nearly VND 351 billion, primarily consisting of short-term payables (approximately VND 296 billion).
Đèo Cả Transportation Infrastructure to Offer Over 49.7 Million Shares to Shareholders
The Deo Ca Transport Infrastructure Corporation is set to offer over 49.7 million shares to existing shareholders at a price of 10,000 VND per share.
Novaland Delays Repayment of Nearly VND 308 Billion in Principal for Two Bond Lots
Novaland has deferred payment on over VND 307.7 billion in principal debt for two bond issuances, NVLH2223007 and NVLH2223008, due to insufficient payment arrangements.
VPBankS Sets IPO Date for 375 Million Shares
VPBankS is set to launch its Initial Public Offering (IPO) of 375 million shares at a price of 33,900 VND per share, commencing on October 10, 2025.
Coteccons (CTD) Bets on VND 30 Trillion Target: Ambitious Push to Surpass Historical Peak Amid Concerns Over VND 1.1 Trillion Negative Cash Flow
Following a year of surpassing profit targets, Coteccons has set an ambitious goal for the 2026 fiscal year: achieving a record-breaking revenue of 30 trillion VND. This plan is underpinned by a substantial backlog but also presents significant challenges in cash flow management and cost efficiency.
Industrial Real Estate Titan with Nearly VND 4 Trillion Market Cap Approved for HOSE Listing
With a market price of VND 161,700 per share, the company boasts a market capitalization of nearly VND 3,900 billion.
