tan hoang minh would sell 2 3 properties to pay back to bondholders

Tan Hoang Minh would sell 2-3 properties to pay back to bondholders

Do Hoang Minh, the newly-minted chairman of property group Tan Hoang Minh, revealed that the corporation would offload at least two or three projects to ensure bondholders’ rights and obligations.
loopholes and risks holding back bond market

Loopholes and risks holding back bond market

The State Securities Commission of Vietnam has recently cancelled nine private bond offerings of three companies under Tan Hoang Minh Group, laying open loopholes and risks that have been holding back Vietnam's bond market. Lawyer Nguyen Thanh Ha, chairman of the law firm SBLAW, spoke to Vietnam News Agency about the loopholes, the risks and his suggestion to reduce investors' risk exposure.
how would tan hoang minh corporate bond cancellation affect to banks and property firms

How would Tan Hoang Minh corporate bond cancellation affect to banks and property firms?

The unusual cancellation of nine of Tan Hoang Minh’s private bond sales has raised a ruckus in the domestic economy.
banks deny involvement in tan hoang minhs bond issuance scandal

Banks deny involvement in Tan Hoang Minh's bond issuance scandal

Vietinbank and Saigon Hanoi Commercial Joint Stock Bank (SHB) said that they do not provide securities and payment guarantee services, do not invest and distribute bonds issued by Tan Hoang Minh Group.
property developers bond issuance canceled following false information submission

Property developer’s bond issuance canceled following false information submission

The State Securities Commission (SSC) has decided to cancel nine separate bond issuances worth over 10 trillion VND (over 437 million USD) by subsidiaries of property developer Tan Hoang Minh Group because they submitted false information.
ministry to continue tightening bond market after tan hoang minh scandal

Ministry to continue tightening bond market after Tan Hoang Minh scandal

After the cancellation of nine bond issuances of Tan Hoang Minh Group, the Ministry of Finance (MoF) is drafting, amending and supplementing Decree 153 on offering and trading corporate bonds, which proposes stricter condition for bond issuers, especially in private placement.
real estate developer rejects thu thiem land plot

Real estate developer rejects Thu Thiem land plot

Real estate developer Binh Minh Investment and Trading Company Limited has rejected the purchase of land at Thu Thiem New Urban Area, Thu Duc City, despite initially winning the bid for it at auction. The move comes after Tan Hoang Minh Group earlier also did not go through with a planned purchase.
tan hoang minh auction exit shines light on transactions

Tan Hoang Minh auction exit shines light on transactions

The case of Tan Hoang Minh Group suddenly dropping a deposit of $26 million from land plots in Thu Thiem New Urban Area could profoundly impact the real estate market as well as the law related to such auctions.
assessing framework holes in wake of thu thiem auction

Assessing framework holes in wake of Thu Thiem auction

The controversial exit by Tan Hoang Minh Group from an auction for land in Thu Thiem New Urban Area has raised doubts on legal regulations for such events. Tran Duc Phuong from the Ho Chi Minh City Bar Association analyses possible actions by local authorities to improve the land auction process.
tan hoang minh group withdraws after winning auction on land lot in thu thiem

Tan Hoang Minh Group withdraws after winning auction on land lot in Thu Thiem

After winning a land plot auction in Thu Thiem at an unreasonably high price, Tan Hoang Minh Group has decided to pull back and accept all administrative fines.
smes face challenges in digital transformation

SMEs face challenges in digital transformation

Vietnamese small- and medium-sized enterprises (SMEs) are facing barriers in digital transformation and have a passive response to market changes, said Hoang Minh Chien, deputy head of the Vietnam Trade Promotion Agency (Viettrade).
grade a apartments abandoned during pandemic

Grade A apartments abandoned during pandemic

Most apartment building projects of developers like Tan Hoang Minh Group, Sunshine Group, Sun Group, and Hateco Group, located in Ba Dinh, Tay Ho, and other districts reported poor take-up rates during the year of the pandemic.
royal crystal brings tech fuelled revolution in spc flooring tiles

Royal Crystal brings tech-fuelled revolution in SPC flooring tiles

With real estate being one of the most important and fastest-developing sectors in Vietnam, choices for interior elements can be overwhelming. One company that offers sturdy, affordable, and easy-to-install flooring tiles is Royal Crystal, which uses some of the latest technology in their products.
expats get to grips with new normal

Expats get to grips with new normal

A sense of relief and normality is creeping back into Vietnam for the expatriates of the country, many of whom were without enough work while schools remained closed. And while complexities still abound, their plans can start to get back on track, with their social lives also being given a boost.
mcredit affirms reputation as effective consumer finance brand

Mcredit affirms reputation as effective consumer finance brand

Since the end of last year, the market has witnessed a number of moves by management agencies to promote the development of consumer finance and limit black credit to protect customers' rights. For their part, non-bank credit institutions have also taken different solutions for sustainable development, contributing to the formation of a healthier market. Hoang Minh Tuan, CEO of MB Shinsei Finance Limited Liability Company (Mcredit), talked with VIR about the company’s digital future.