Agribank Trung Yen announced the 8th auction of debt of Thanh Dat Vietnam Construction Investment Joint Stock Company, starting price 19.6 billion VND.

Thanh Dat Vietnam Construction Investment Joint Stock Company was established in 2018 with Mr. Do Hoang Viet as the legal representative. Mr. Do Hoang Viet is known as the Deputy General Director of Tan Hoang Minh Group, the son of Chairman Do Anh Dung.

Do Hoang Viet was sentenced to 3 years in prison for "Fraudulent appropriation of property" in the case that occurred at Tan Hoang Minh.

The second debt to be auctioned is the debt of Hoang Hai Phu Quoc Housing Development Investment JSC. This is the 13th time Agribank Trung Yen has put this debt up for auction. The starting price of the auctioned debt is VND252.56 billion, down about VND30 billion compared to the time of sale a year ago.

Hoang Hai Phu Quoc is also a business with Mr. Do Hoang Viet as the legal representative. This company is the investor of the Hoang Hai Complex Tourism Project - Hoang Hai Complex (planned on a total area of ​​over 12 hectares, including 12 resort hotel lots, 76 town hotel lots and 2 commercial service lots). This project is located in the tourism and entertainment complex with a scale of nearly 34 hectares and more than 20 km of coastline at Bai Truong, Duong To commune, Phu Quoc city, Kien Giang province.

Hoang Hai Complex itself has also been used by Tan Hoang Minh as collateral for loans of many subsidiaries in the group. Agribank Trang An Branch has announced several times that its debts will be auctioned since August 2023, such as the debts of Xuan Nam Construction Services Co., Ltd., Manh Loan Construction and Trading Co., Ltd., Green-Art Landscape Infrastructure JSC., and Mivi Vietnam Trading and Services Co., Ltd.

In addition, Agribank Trung Yen also announced the auction of the debt of Anh Thang Construction Consulting Company Limited, with a starting price of VND63,850 billion, a decrease of about VND7 billion compared to the time of the first sale more than a year ago.

Anh Thang is a company belonging to the Tan Hoang Minh ecosystem, established in 2011 and headquartered at D' Le Pont D'or Hoang Cau building, Dong Da, Hanoi. This company registered to operate in the field of construction supervision and construction design appraisal. The company has now ceased operations.