The information was provided by the Ministry of Finance in the report on the individual corporate bond market in 2023 and 2024, which was just sent to 7 relevant ministries and branches for comments before reporting to the Government leaders.
According to the Ministry of Finance, 24 enterprises related to Van Thinh Phat Group have issued corporate bonds to raise capital in recent times.
The total capital these enterprises have issued corporate bonds to mobilize is about 138,200 billion VND, of which the value of principal debt paid is about 85,700 billion VND.
Outstanding bonds of enterprises related to Van Thinh Phat at the end of 2023 are about 52,400 billion VND.
Notable names include: An Dong Investment Group Corporation owes VND24,969 billion; Bong Sen Corporation owes VND4,800 billion; Quang Thuan Investment Corporation owes VND7,500 billion; Saigon Investment and Development Corporation owes VND6,575 billion.
Tan Thanh Long An Investment Joint Stock Company owes 5,000 billion VND; Ho Chi Minh City Service and Trade Joint Stock Company owes 2,000 billion VND; Sunny World Investment and Development Joint Stock Company owes 1,612 billion VND.
In this group of companies, many businesses are late in paying interest and principal to bondholders, with the amount of overdue debt reaching VND17,210 billion.
The enterprise with the most delayed payments is An Dong Investment Group Corporation, which is currently behind in paying bondholders about VND 16,430 billion.
Also according to the Ministry of Finance, in 2024, the amount of bond debt maturing of enterprises related to Van Thinh Phat will be about 20,100 billion VND, of which about 16,080 individual investors are holding about 11,600 billion VND, accounting for about 57%.
Reports from depository organizations on the payment of interest and principal of bonds to bondholders show that by the end of 2023, only one company in the group related to Van Thinh Phat paid bondholders about VND 3,500 billion in interest and principal.
Among the 3 enterprises related to Van Thinh Phat with bonds maturing in 2024, the Ministry of Public Security has announced to find victims related to bond code ADC-2019.01 of An Dong Investment Group Joint Stock Company.
Regarding this bond code, the Ministry of Finance said that payment will depend on the progress of the investigation into the bond-related case and the ability to recover assets of enterprises related to Van Thinh Phat Group prosecuted in the case.
TB (according to Tuoi Tre)Source
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