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Unveiling the Lender Behind Cuong ‘Do La’s Company’s Billion-Dollar Loan

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Quoc Cuong Gia Lai JSC has secured significant financial support through loans from key individuals closely associated with the company. Specifically, the company borrowed 507 billion VND from Ms. Lai Thi Hoang Yen, the daughter of QCG’s Chairman, Mr. Lai The Ha. Additionally, Mr. Lau Duc Duy, the brother-in-law of Mr. Nguyen Quoc Cuong (known as Cuong 'do la') and the CEO of QCG, provided a loan exceeding 527 billion VND.

How Do Banks Increase Capital?

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SHB Bank is set to issue 750 million shares, boosting its chartered capital to VND 53,442 billion. Meanwhile, Saigonbank will offer over 22 million shares to existing shareholders, increasing its chartered capital from VND 3,388 billion to VND 3,608 billion.

Peace Construction Relieves CEO of Duties

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Hòa Bình Construction has relieved Mr. Lê Văn Nam of his duties as Chief Executive Officer, effective October 31, 2025.