On October 2, 2025, the State Securities Commission of Vietnam (SSC) issued Decision No. 305/QĐ-XPHC regarding administrative penalties for securities and stock market violations against Thanh Thanh Cong Investment Corporation (TTC). The company’s headquarters are located at 253 Hoang Van Thu Street, Tan Son Hoa Ward, Ho Chi Minh City.
TTC was fined VND 92.5 million for failing to disclose information as required by law.
The company did not submit mandatory disclosures to the Hanoi Stock Exchange (HNX) for the following documents: Audited Semi-Annual Report on Bond Proceeds Usage 2024; 2024 Annual Financial Report; 2024 Principal and Interest Payment Status; Audited Annual Report on Bond Proceeds Usage 2024; 2024 Report on Commitment Fulfillment to Bondholders; Semi-Annual 2024 Principal and Interest Payment Status; Audited Semi-Annual Report on Bond Proceeds Usage 2023; Audited Annual Report on Bond Proceeds Usage 2023; 2023 Principal and Interest Payment Status; Audited Annual Report on Bond Proceeds Usage 2022; Semi-Annual 2022 Report on Bond Proceeds Usage; 2020 Annual Report on Bond Proceeds Usage; Semi-Annual 2021 Financial Report; Semi-Annual 2022 Financial Report; 2020 Annual Financial Report; Semi-Annual 2022 Principal and Interest Payment Status; 2020 Principal and Interest Payment Status. These omissions violated Article 21 of Decree 153/2020/NĐ-CP. Additionally, TTC submitted the following documents to HNX past the deadline: Semi-Annual 2024 Report on Commitment Fulfillment to Bondholders; Semi-Annual 2024 Financial Report; Semi-Annual 2023 Financial Report; 2023 Annual Financial Report; Semi-Annual 2023 Principal and Interest Payment Status; Semi-Annual 2023 Report on Commitment Fulfillment to Bondholders; 2022 Annual Financial Report; 2022 Annual Report on Commitment Fulfillment to Bondholders; 2022 Principal and Interest Payment Status; Semi-Annual 2021 Report on Bond Proceeds Usage; 2021 Annual Report on Bond Proceeds Usage; 2021 Annual Financial Report; Semi-Annual 2021 Principal and Interest Payment Status; 2021 Principal and Interest Payment Status; Results of TTCCH2125004 Bond Offering. These delays violated Article 21 of Decree 153/2020/NĐ-CP and Clause 16 of Article 1 in Decree 65/2022/NĐ-CP.
Furthermore, TTC was fined an additional VND 92.5 million for failing to register and deposit privately placed bonds within the stipulated timeframe.
In total, Thanh Thanh Cong Investment Corporation was fined VND 185 million for these violations.
Thanh Thanh Cong Investment Corporation reported robust business results in the first half of 2025.
In terms of business performance, TTC recorded impressive results in the first six months of 2025, reporting an after-tax profit of VND 523 billion, a fivefold increase compared to the same period last year (VND 100.8 billion).
As of June 30, 2025, TTC’s owner’s equity increased by over VND 300 billion year-on-year to VND 6,483 billion. This includes VND 3,000 billion in owner’s investment, VND 1,845 billion in non-controlling interests, VND 1,543 billion in undistributed after-tax profits, VND 52 billion in other owner’s capital, VND 38.2 billion in development funds, and a negative VND 11 billion in exchange rate differences.
Total liabilities as of June 30, 2025, stood at VND 21,219 billion, a 12.5% increase (VND 2,350 billion) from the same period last year. This includes VND 7,809 billion in bank loans, VND 1,303 billion in bond issuance debt, and VND 11,775 billion in other payables.
The swelling debt has pushed TTC’s debt-to-equity ratio from 3.06 times in the same period last year to 3.27 times as of June 30, 2025.
Established on July 25, 2007, Thanh Thanh Cong Investment Corporation primarily operates in the food trading sector. The company currently has a charter capital of VND 3,000 billion.
The company’s legal representative and CEO is Ms. Huynh Bich Ngoc, born in 1962, who is the spouse of Mr. Dang Van Thanh, Chairman of TTC Group.
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