Specifically, bond series VLH12501, issued on December 30, 2025, and finalized on January 6, 2026, has a total issuance value of 120 billion VND. The bond has a 2-year term with a fixed interest rate of 10.5% per annum.
Bond series VLH12502, valued at 70 billion VND, was issued on December 30, 2025, but finalized on January 9, 2026. This bond also has a 2-year term with a fixed interest rate of 11% per annum.
Both VinaLiving bonds were issued to professional organizations and are backed by secured assets.
Established in June 2019, VinaLiving Holdings was originally named Vietnam Capital LLC, headquartered at Suh Wah Tower, 115 Nguyen Hue, Ben Nghe Ward, Ho Chi Minh City. Its primary business is management consulting. Initially, the company had a charter capital of 225 million VND, wholly owned by Lotus Capital Holding Pte. Ltd (Singapore). Mr. Brook Colin Taylor (New Zealand) served as the legal representative.
In February 2021, the company increased its capital to 223 billion VND. Shareholders included Vina Nam Phu LLC (99.88%), Vinaland Heritage Limited (0.1%), Mr. Do Chi Hieu (0.01%), and Ms. Ho Thi Diem My (0.01%).
By October 2021, foreign shareholders shifted to VinaCapital Holdings Ltd (99.881%) and Vinaland Heritage Limited (0.1%), both registered in the Virgin Islands, a known tax haven.
In November 2021, the company adopted its current name. In early 2022, Mr. Do Chi Hieu became the legal representative and CEO. By March 2022, capital increased to over 450 billion VND, with VinaCapital Holdings Ltd holding 99.941% and Vinaland Heritage Limited 0.05%. In May, capital rose to nearly 759 billion VND, with VinaCapital Holdings Ltd at 10.553% and domestic shareholders at 89.447%. By late 2022, capital reached nearly 793 billion VND, with VinaCapital Holdings Ltd holding 54.514%.
As of April 2025, 99.975% of the capital is held by VLV Investment Corporation, with a portion authorized to Khang Dat Real Estate Investment LLC.
Founded in 2024, VLV operates exclusively in management consulting (excluding financial, legal, and accounting services). Its charter capital is 1 billion VND, owned by Mr. Do Chi Hieu (40%), Ms. Ho Thi Diem My (30%), and Mr. Tran Thanh Hai (30%). Mr. Hieu serves as Chairman. By early 2025, capital surged to over 793 billion VND, with VinaCapital Holdings Ltd at 48.95% and Khang Dat at 44.4%.
Established in 2019, Khang Dat specializes in real estate trading and land use rights. Initially capitalized at 20 billion VND, it is owned by Cuu Long Xanh Investment Corporation. Mr. Brook Colin Taylor served as Chairman and CEO until April 2025, when Ms. Ho Thu Hien took over as Director.
Cuu Long Xanh, founded in 2018, focuses on real estate brokerage and management. With initial capital of 180 million VND, it is equally owned by Ms. Ho Thi Diem My, Ms. Le Thanh Nguyen An, and Ms. Phung Thi Xuan Hanh. Ms. An served as CEO until September, when Ms. My assumed the role.
 Mr. Brook Taylor serves as CEO and Board Member of VinaCapital Fund Management JSC.
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According to VIS Rating’s December 2025 report, VinaLiving, a VinaCapital subsidiary, has developed over 10 low-rise residential projects outside Ho Chi Minh City and luxury coastal villas and condotels over the past decade. Notable projects include Maia Resort Quy Nhon, The Ocean Villas Quy Nhon (Gia Lai), and Nine South Estates (Ho Chi Minh City).
Through its subsidiary Vina Nam Phu, VinaLiving provides project management services to VinaCapital and its partners.
From 2023 to Q3 2025, VinaLiving averaged annual revenue of approximately 1 trillion VND from core real estate development and management activities.
The Ocean Resort Quy Nhon is part of the Maia Quy Nhon Beach Resort complex, featuring The Ocean Villas Quy Nhon, The Ocean Suites Quy Nhon, and The Ocean Avenue shophouses.
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VinaLiving manages VinaCapital-invested projects like Ixora Ho Tram and Ho Tram Phase 3 (2025-2027). Conversely, VinaLiving partners with Fusion Hotels & Resorts, a VinaCapital affiliate managing over 20 luxury resorts nationwide, for hotel management services.
Over the next 12-18 months, VinaLiving is expected to maintain strong profitability through the development and sale of premium projects in Dong Nai, Long An, and Gia Lai.
– 07:03 14/01/2026
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