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Hung Thinh Phat has successfully mobilized 2,888 billion dong in bond on March 12, 2024.

Hung Thinh Investment Company Limited has recently acquired the entire bond series worth 2,000 billion VND, despite their maturity not being until 2029. This move comes as a surprise, considering the company had previously struggled to meet interest payments on this particular bond earlier in the year, as well as on several other bonds in the past.

In the preliminary trial session of the Ho Chi Minh City People's Court, regarding the misconduct at the Van Thinh Phat Group, Saigon Commercial Joint Stock Bank (SCB), and related entities, the panel of judges interrogated Ms. Truong My Lan (former Chairman of Van Thinh Phat Group) about the asset resolution plan to mitigate the consequences of the case.

Issuing private bonds, raising nearly 14,000 billion VND and misappropriating 8,643 billion VND from investors, tomorrow, March 19th, Chairman of TANHOANGMINH, Do Anh Dung, along with 14 accomplices will be brought to trial.

Believing that remedying all 100% of the consequences of the case demonstrates remorse and reform, over 1,200 victims have written letters to legal institutions requesting a reduction in criminal liability for the chairman of Tân Hoàng Minh Group, Đỗ Anh Dũng, and his accomplices.

Novaland Corporation has been invited to participate in the trial of the Vạn Thịnh Phát case as a party with relevant rights and obligations.

During the Monetary Policy Deployment Conference held this morning, March 14th, the Prime Minister suggested that commercial bank leaders should focus on discussing and proposing solutions regarding the issue of businesses facing capital shortages and difficulty accessing credit.

Vietnam Airlines aims to maintain a stable and as low as possible exchange rate due to the nature of the aviation industry. A 1% change in the exchange rate costs the company 300 billion VND, and a 5% change would result in an annual expense increase of 1.5 trillion VND.

Prior to the trial date, over 1,000 investors have submitted applications requesting leniency in the criminal liability for the father and son owners of Tan Hoang Minh Group, Mr. Do Anh Dung and Mr. Do Hoang Viet.

The Thinh Phat Industrial Park Expansion project is a construction and infrastructure investment venture with a land area of 112.87 hectares. With a total investment capital of over 1,443 billion VND, it aims to enhance the technical infrastructure of the industrial zone and drive economic growth.