The bond with the code TXCCH2330001, the sole issuance by Thanh Xuan, was released on September 8, 2023, with a value of VND 583.5 billion, an interest rate of 10.57% per annum, and a maturity date of July 15, 2030. However, on November 14, 2025, Thanh Xuan repurchased the entire bond.
This bond is secured by assets including shares of Hung Thang Real Estate JSC, shares of Thanh Xuan JSC, and shares of another company, as well as receivables from loan agreements between a company within the ecosystem as the borrower and the lender as the guarantor.
As of mid-2025, the company reported an accumulated loss of over VND 10.5 billion.
Key Financial Metrics of Thanh Xuan

Source: Compiled by the author
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Established in 2003, Thanh Xuan initially had a charter capital of VND 60 billion. As of April 2025, the company’s capital stands at VND 1.20 billion. The founding shareholder structure includes Ms. Doan Thi Xuan Thanh (CEO and legal representative) with 43.5%, Ms. Tran Huong Giang with 10%, Mr. Tran Hoai Bac with 39%, Mr. Doan Quoc Hung with 2.5%, Ms. Doan Thu Ha with 2.5%, Ms. Doan Minh Hang with 2.5%, and Mr. Nguyen Van Phong with 1%.
In March 2021, Ms. Doan Thi Thanh Mai became the CEO and legal representative. In February 2022, the company increased its capital to VND 1,210 billion. By October 2022, Mr. Doan Quoc Huy, Chairman of the Board, assumed the role of legal representative.
– 11:38 November 21, 2025
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