The company selling weight loss products advertised by "Ngan Collagen" has made a new move.
"Ngân Collagen," whose real name is Trần Thị Bích Ngân, was born in 1995 in Cà Mau . Besides selling weight loss products on social media and e-commerce platforms, "Ngân Collagen" also sells various skincare products, including creams for treating melasma and acne, and lip balms under the N-Collagen brand.
"Ngân Collagen" is introduced as the founder and CEO of N-Collagen Import-Export Co., Ltd. - the exclusive distributor of "apple candy for belly fat burning". This product is also advertised by "Ngân Collagen".
According to the National Business Registration Portal, N-Collagen Import-Export Co., Ltd. was established in October 2018, headquartered in Ho Chi Minh City, with an initial charter capital of 1 billion VND, and its main business activity being the retail sale of cosmetics. The initial Director and Legal Representative was Mr. Lam Hoai Phong (born in 1980).
Business activities of N-Collagen Import-Export Co., Ltd. (Image: Screenshot).
This company has repeatedly changed its director and legal representative. Nearly a year after its establishment, the position was transferred to Ms. Nguyen Thi Thu Thanh (born in 1984). In November 2019, it was transferred to Mr. Tran Thai Nguyen (born in 1981). This was followed by Mr. Thang Quoc Em (born in 1989) and currently Mr. Huynh Viet Nhat Tuong (born in 1998).
In early September, the company registered three additional business lines: manufacturing alcoholic beverages and mineral water; wholesale of beverages; and retail of beverages in specialized stores. Its main business remains the retail of cosmetics.
"Ngân Collagen" previously established N-Collagen Cosmetics Co., Ltd. in 2017, headquartered in Ca Mau. However, according to data from the National Business Registration Portal, this company has been dissolved.
Novaland responds to bond-related violations.
Responding to the Government Inspectorate's conclusions regarding violations related to bond issuance, Novaland stated that these were bond packages issued from February 1, 2015 to June 30, 2023, with a total outstanding debt of VND 34,878 billion at the end of June 2023.
Following the restructuring process in 2024-2025, Novaland has settled the principal and interest on many bond packages. As of the end of September 2025, the total outstanding debt was VND 19,559 billion - meaning the company had repaid VND 15,319 billion, accounting for nearly 44% of the total old debt.
"The corporation has been and continues to implement various solutions to promptly pay off the remaining debt to bondholders," the company representative added.
Regarding the 24 bond packages that the Government Inspectorate recommended transferring information to the Ministry of Public Security, Novaland stated that it had paid and settled 15 bond packages with a total initial value of VND 7,000 billion (accounting for 57.7%).
Furthermore, the company affirmed that it has essentially completed the restructuring and extension of one bond package with an initial value of VND 250 billion, and maintained timely payments on seven other bond packages. Regarding the remaining overdue bond package (representing 8.2% of the initial total debt), Novaland has also made principal and interest payments to bondholders, reducing the outstanding debt from VND 1,000 billion to VND 833 billion, and is continuing to address the issue through various other solutions.
Regarding the content of the information disclosure on the bond issuance, Novaland explained that it stemmed from "a number of objective, force majeure events that the company could not control." In particular, during the social distancing period due to the Covid-19 pandemic, there were shortcomings in the process of disclosing bond information. Subsequently, the company fully disclosed the information.
Regarding the issues related to capital management responsibilities, Novaland affirms that it has used the funds for the intended purpose and in accordance with the approved issuance plan. The company has also fully transferred the capital to the correct recipients and fulfilled its capital management responsibilities in accordance with the law.
Specifically, on a quarterly, monthly, and annual basis, Novaland still requires its partners to reconcile accounts payable according to signed business cooperation contracts, and to provide legal progress and business results of investment projects.
Regarding issues related to collateral for bond packages, Novaland is committed to complying with all legal regulations and adhering to agreements with bondholders.
Revealing the scale of NextPay, the "golden goose"
On its website, NextTech introduces the group's investment portfolio, which includes five entities: the Ngan Luong payment gateway; the AlePay payment solution; the Vimo e-wallet; the mPOS payment solution; and NextPay Digital Transformation Group Joint Stock Company.
Notably, NextPay is currently presented as the central hub of a multi-faceted technology service ecosystem, with each business segment having its own corresponding applications and fintech support.
Specifically, in the field of electronic payments, the company introduced the Vimo personal e-wallet; mPOS card payment and 0% installment payment solution; ATM 360 bill payment and collection agent service; PayOn payment link creation service; and TingBox QR payment solution.
The finance and accounting segment includes Vinvoice electronic invoices and MegaDoc electronic contracts.
In the human resources field, the company has the NextAcademy digital transformation academy; in the AI camera field, NextCam; and in specialized software, it has NextPhar (pharmacy management), MySpa (spa management), and MySalon (solutions for hair salons).
In the field of sales management, the company offers mPOSDigital (management for mPOS payment acceptance unit owners) and PosApp services.
What was Mr. Dao Minh Phu's role in the AntEx and NextTech cryptocurrency projects?
Mr. Dao Minh Phu (born in 1980) previously served as the General Director of NextTech from 2022 to 2024. This was a period when the company experienced significant changes in scale and capital.
Mr. Phu became a shareholder of NextTech in December 2020 when he contributed 100 billion VND (equivalent to 20% of the capital). Besides Mr. Phu, at that time, Shark Binh contributed 350 billion VND (70% of the capital), and Mr. Nguyen Huy Hoang contributed 50 billion VND (10%). Since then, NextTech has increased its capital fivefold, to 500 billion VND.
In December 2022, the position of Chairman of the Board of Directors, General Director, and Legal Representative of NextTech was transferred from Shark Binh to Mr. Dao Minh Phu. Mr. Phu held this position for nearly two years.
During that period, NextTech experienced significant changes in capital and personnel. In October 2023, NextTech made an unusual move: its charter capital was drastically reduced from 500 billion VND to just over 4.2 billion VND, and Mr. Phu also withdrew from the list of shareholders.
The position of General Director and Legal Representative of the company has been transferred from Mr. Dao Minh Phu to Mr. Dao Manh Dung since April 2024. According to information from NextTech Group's website, Mr. Dao Minh Phu is introduced as a senior advisor. Mr. Phu was also previously introduced as an advisor for the AntEx cryptocurrency project.
Notably, in addition to his business career, Mr. Dao Minh Phu is also known as a professional poker player. He has participated in many tournaments both domestically and internationally and achieved high rankings in tournaments belonging to the Asian Poker Tour (APT) system.
Source: https://dantri.com.vn/kinh-doanh/dong-thai-moi-tu-cong-ty-lien-quan-ngan-collagen-lo-quy-mo-nextpay-20251019004301255.htm
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