In an unusual announcement on December 30, 2025, BIDV Bank officially transferred its entire debt portfolio to Vietnam Asset Management Company (DATC) – Ho Chi Minh City Branch. The transaction was executed through Contract No. 01/HĐCNTP-BIDV-DATC, signed on December 29, 2025.
BIDV’s Official Letter to HAGL
The subject of this transfer is the entire batch of HAGL Group’s 2016 Series A bonds, identified by the code HAGLBOND16.26.
Detailed records indicate that the HAGLBOND16.26 bonds were issued on December 30, 2016, with a 10-year maturity period. The scheduled maturity date is December 30, 2026, leaving exactly one year (365 days) until full settlement.
At the time of transfer, the circulating volume was recorded at 3,876 bonds, each with a face value of 1 billion VND.
These non-convertible bonds are asset-backed and feature a floating interest rate. Specifically, the issuance interest rate was set at 9.7% per annum, with quarterly interest payments.
Effective from December 29, 2025, BIDV no longer holds this bond portfolio. Instead, DATC has assumed all legal rights and benefits, becoming the sole bondholder for HAGL Group’s entire Series A bonds in circulation.
Immediately after the transaction, the debt management company under the Ministry of Finance requested HAGL’s cooperation in updating information to implement the bondholder’s rights and obligations as per legal regulations.
DATC, a special-class enterprise with 100% state-owned capital under the Ministry of Finance, specializes in receiving and managing bad debts and distressed assets.
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