Tan Viet Securities assures bond investors they will get money back

By Anh Tu October 9, 2022 | 10:21 pm PT

The logo of Tan Viet Securities is seen on a building in Hanoi. Photo courtesy of Tan Viet Securities

Tan Viet Securities has said it is working with issuers to ensure investors are paid the principal and interest when their bonds mature.

Tan Viet was the bond issuance for consultant for An Dong Investment Group Corp, a subsidiary of Van Thinh Phat Group, whose chairwoman, Truong My Lan, was recently arrested for bond issuance fraud.

Tan Viet did not mention An Dong by name but said in a press release that all bond issuers it advised have promised to fully pay up in time.

Tan Viet and the issuers will have meetings with investors to discuss on details of how they will get their money back.

The company also said it would stop advising bond issuances forthwith.

It is one of the top advisors in terms of bond issuance value, which in the first half of this year added up to VND123 trillion ($5.15 billion).

The company has also stopped providing advance payment for stocks.