Saigon Garment and Match Joint Stock Company (SMG) has recently submitted a report to the Hanoi Stock Exchange (HNX) detailing the successful issuance of domestic private bonds.
The company issued 10,000 bonds under the code MSG32508, each with a face value of VND 100 million, totaling VND 1 trillion. The bonds have a maturity period of 108 months from the issuance date.
The bond issuance was completed on December 2, 2025, with an expected maturity date of December 2, 2034. This marks the eighth bond issuance by SMG since the beginning of 2025, as per HNX records.
Previously, on November 21, 2025, the company issued 10,000 bonds under the code MSG32507, also with a face value of VND 100 million each, totaling VND 1 trillion. These bonds have a similar 108-month maturity period, maturing on November 21, 2034.
Rendering of the TNR Stars Vinh Bao project.
SMG has a rich history, originating from the Ben Thuy Match Factory in Vinh, established in the early 20th century.
In 1948, the company was nationalized and transformed into the Hoa Binh Match Factory under the Paper, Wood, and Match Corporation.
In July 2004, the company completed its equitization process, rebranding as Saigon Garment and Match Joint Stock Company (SMG), focusing on real estate development.
As of August 2023, SMG increased its chartered capital from VND 4.38 trillion to VND 5.059 trillion after several adjustments.
Currently, Ms. Nguyen Chi Mai (born in 1991) serves as the Chairwoman of the Board of Directors and the legal representative of the company. Ms. Mai is also associated with several real estate companies, including New Star Hoa Binh Real Estate JSC, Long Van Real Estate LLC, and Quynh Luu Real Estate Development Investment LLC.
SMG is renowned for its high-profile real estate projects, such as The Goldview (Hoa Binh High-Rise Complex) in Ho Chi Minh City, TNR Stars Vinh Bao residential area in Hai Phong, and the Sat Market urban redevelopment project in Hai Phong, among others.
According to reports, in February 2025, SMG pledged the property rights to 10,701.78 square meters of commercial space in the Hoa Binh High-Rise Complex as collateral to the Maritime Bank of Vietnam (MSB).
Previously, in December 2024, the company pledged 752 land lots from the Thanh Son Urban Housing Project in Phu Tho Province to MSB.
MSB has been a long-standing credit partner of SMG, frequently accepting project collateral from the company.
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