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Tan Hoang Minh

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Vietnam tightens bond purchase after Tan Hoang Minh fraud

Vietnam tightens bond purchase after Tan Hoang Minh fraud

The government has issued a new decree to tighten regulations on purchase of corporate bonds to protect amateur investors from fraud.
Coteccons posts loss in Q2 due to debt provisioning

Coteccons posts loss in Q2 due to debt provisioning

Leading construction company Coteccons reported a loss of VND24 billion ($10.36 million) for the second quarter after making a bad-debts provision of VND242 billion.
August 1, 2022 | 07:27 pm PT
Companies buy back bonds prematurely after Tan Hoang Minh arrests

Companies buy back bonds prematurely after Tan Hoang Minh arrests

Companies prematurely redeemed bonds worth VND49.1 trillion ($2.1 billion) in the second quarter, nearly four times the first quarter figure, spooked by the arrests of business executives for alleged issuance-related fraud.
July 26, 2022 | 04:30 am PT
Real estate group steals $343 mln from investors

Real estate group steals $343 mln from investors

A real estate group has cheated investors of more than VND8 trillion ($343.8 million) in a bond issuance fraud case, police said Thursday.
June 30, 2022 | 06:08 am PT
Tan Hoang Minh office closure to aid investor reimbursement

Tan Hoang Minh office closure to aid investor reimbursement

Real estate developer Tan Hoang Minh is set to shut down its offices across the country to focus on repaying investors after authorities canceled its bond issuances and arrested top leaders.
June 29, 2022 | 11:27 pm PT
Property companies under the scanner, stop issuing bonds

Property companies under the scanner, stop issuing bonds

Property companies’ bond issuances came to a complete halt last month following the government’s orders to the central bank to monitor them closely.
May 9, 2022 | 07:07 pm PT
Tan Hoang Minh to sell developments, refund bond buyers

Tan Hoang Minh to sell developments, refund bond buyers

Property developer Tan Hoang Minh Group, whose bond issuances worth VND10 trillion (US$437 million) authorities have canceled, said it would sell apartment projects to raise funds to refund investors.
April 14, 2022 | 07:37 pm PT
Blogger arrested for posting 'unverified' finance, stock market information

Blogger arrested for posting 'unverified' finance, stock market information

A popular Facebook blogger in Hanoi has been arrested for allegedly posting "unverified" information that negatively affected the financial and stock market.
April 14, 2022 | 06:52 am PT
Tan Hoang Minh: the anatomy of a bond issuance fraud

Tan Hoang Minh: the anatomy of a bond issuance fraud

Subsidiaries of real estate developer Tan Hoang Minh have been buying bonds from each other and illegally selling them to retail investors as an “investment partnership”.
April 9, 2022 | 08:30 pm PT
Tan Hoang Minh promises full refund after authorities cancel bonds issuance

Tan Hoang Minh promises full refund after authorities cancel bonds issuance

Property developer Tan Hoang Minh has pledged full refund to investors after authorities canceled the issuance of bonds worth VND10 trillion ($437 million) by the group.
April 5, 2022 | 05:41 am PT
Tan Hoang Minh chairman arrested over bond issuance fraud

Tan Hoang Minh chairman arrested over bond issuance fraud

Do Anh Dung, chairman of property developer Tan Hoang Minh, was arrested Tuesday on suspicions of "fraudulent appropriation of assets."
April 5, 2022 | 05:17 am PT
Regulator cancels $437 million bond issuance by property developer

Regulator cancels $437 million bond issuance by property developer

The State Securities Commission (SSC) has decided to cancel nine separate bond issuances worth over VND10 trillion (over $437 million) by Tan Hoang Minh citing submission of false information.
April 4, 2022 | 06:23 am PT
Developer cancels purchase of most expensive land lot

Developer cancels purchase of most expensive land lot

A property developer who successfully bid to buy a land lot in HCMC at VND2.45 billion ($108,000) per square meter last month has decided to pull out.
January 11, 2022 | 08:24 pm PT
For buyers, Hanoi’s gold-plated apartments do not glitter

For buyers, Hanoi’s gold-plated apartments do not glitter

Some Hanoi apartment developers use gold plating, but many of their projects remain unfinished for years and some are in legal limbo.
June 18, 2019 | 05:16 pm PT
 
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