According to the Hanoi Stock Exchange (HNX), Hung Phat Invest Hanoi Co., Ltd. (IHPC), Haidang Real Estate Investment and Development Co., Ltd. (HDRC), and Truong Minh Real Estate Investment and Development Co., Ltd. (TRMC) have raised VND 7,650 billion, VND 3,800 billion, and VND 4,500 billion respectively through bond issuances.
The interest rates are as follows: 9% per annum for IHPC’s IHP12501 bond with an 18-month term until April 14, 2027; 8.95% per annum for HDRC’s HDR32501 bond with a 12-month term until October 13, 2026; and 9.8% per annum for TRMC’s TRM12503 bond with a 36-month term until October 14, 2028.
All bonds are secured and registered by the same securities company.
IHP12501 is the only bond issuance by Hung Phat Invest Hanoi currently listed on HNX.
For Haidang Real Estate, this is the third bond issuance, in addition to two outstanding bonds, HDRCB2426003 (VND 2,800 billion) and HDRCB2427002 (VND 1,200 billion), issued last year with interest rates of 9.8% and 10% per annum, respectively, maturing in January 2026 and March 2027.
Meanwhile, Truong Minh Real Estate recently raised VND 5,500 billion on September 8 from two bond issuances, TRM32501 (VND 2,500 billion) and TRM32502 (VND 3,000 billion), both with an interest rate of 8.95% per annum and a 12-month term.
As a result, these three companies now have a combined bond value of VND 25,500 billion with relatively high issuance interest rates.
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Outstanding bond values of the three companies as of October 14, 2025
Billion VND
Compiled by the author
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Hung Phat Invest Hanoi was established in December 2016, headquartered in Ho Chi Minh City. Its initial charter capital was over VND 3,070 billion, owned by Hung Thinh Invest Hanoi JSC. The company has undergone several changes in legal representatives, including foreign individuals such as Mr. Chan Min Simon (Chinese nationality) as CEO in March 2019 and Mr. Ng Wen Shyan (Singapore) as CEO in April 2019. As of early October this year, the company increased its charter capital to VND 3,473 billion. The current legal representatives are Mr. Do Tuan Anh as Chairman of the Board and Ms. Nguyen Tran Thao Nhi as CEO. Mr. Do Tuan Anh also serves as CEO of KDI Holdings and Vice Chairman of Vega City JSC (with a capital of VND 1,875 billion), both chaired by Mr. Kieu Huu Dung.
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– 11:30 October 20, 2025
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