The company selling weight loss products advertised by "Ngan Collagen" has a new move.
"Ngan Collagen" real name is Tran Thi Bich Ngan, born in 1995 in Ca Mau . In addition to selling weight loss products on social networks and e-commerce platforms, "Ngan Collagen" also sells a number of skin care creams, melasma treatment creams, acne treatment creams, lip balms... under the brand name N-Collagen.
"Ngan Collagen" is introduced as the founder and CEO of N-Collagen Import Export Company Limited - the exclusive distributor of "belly fat burning apple candy". This product is also advertised by "Ngan Collagen".
According to the National Business Registration Portal, N-Collagen Import Export Company Limited was established in October 2018, headquartered in Ho Chi Minh City, with an initial charter capital of 1 billion VND, and its main business line is retail cosmetics. The Director and initial legal representative is Mr. Lam Hoai Phong (born in 1980).

Business lines of N-Collagen Import Export Company Limited (Photo: Screenshot).
The company has changed the position of director and legal representative many times. After nearly a year of establishment, the above position was transferred to Ms. Nguyen Thi Thu Thanh (born in 1984). In November 2019, the above position was transferred to Mr. Tran Thai Nguyen (born in 1981). Then it was Mr. Thang Quoc Em (born in 1989) and now it is Mr. Huynh Viec Nhat Tuong (born in 1998).
In early September, the company registered to add three more business lines: production of alcoholic beverages and mineral water; wholesale of beverages; retail of beverages in specialized stores. The main business line is still retail of cosmetics.
"Ngan Collagen" established N-Collagen Cosmetics Company Limited in 2017, headquartered in Ca Mau. However, according to data from the National Business Registration Portal, this company has been dissolved.
Novaland responds to violations related to bonds
Responding to the Government Inspector's conclusion on violations related to bond issuance, Novaland said that these were bond packages issued from February 1, 2015 to June 30, 2023, with total outstanding debt at the end of June 2023 being VND 34,878 billion.
After the restructuring process in 2024-2025, Novaland has completed the principal and interest payments of many bond packages. As of the end of September 2025, the total outstanding debt was VND 19,559 billion - meaning the company has paid VND 15,319 billion, accounting for nearly 44% of the total old debt.
"The Group has been and is continuing to implement many solutions to promptly pay the remaining debt to bondholders," the business representative added.
Regarding the 24 bond packages, the Government Inspectorate recommended transferring information to the Ministry of Public Security. Novaland said that it had paid and settled 15 bond packages with a total initial value of 7,000 billion VND (accounting for 57.7%).
In addition, the company confirmed that it has basically completed the restructuring and extension of a bond package with an initial total value of VND 250 billion, maintaining timely payments for 7 other bond packages. For the remaining overdue bond package (accounting for 8.2% of the total initial debt), Novaland has also made principal and interest payments to bondholders to reduce the debt from VND 1,000 billion to VND 833 billion and is continuing to handle it with many other solutions.
Regarding the content of the information disclosure on the issuance of bond packages, Novaland explained that it was due to "some objective, force majeure events that the company could not control". In particular, during the period of social distancing due to the Covid-19 pandemic, there were shortcomings in the process of disclosing bond information. After that, the company fully disclosed the information.
Regarding the issues related to capital management responsibilities, Novaland affirms that it has used the money for the right purpose and according to the approved issuance plan. The company has also transferred all capital to the right recipient and performed its capital management responsibilities according to the law.
Specifically, periodically every quarter, every month and every year, Novaland still requires partners to reconcile debts according to signed business cooperation contracts, provide legal progress and business results of investment projects.
Regarding issues related to collateral for bond packages, Novaland commits to comply with legal regulations and agreements with bondholders.
Revealing the scale of the "golden goose" NextPay
On the website, NextTech introduces the group's investment portfolio including 5 units, including the payment gateway Ngan Luong; AlePay payment solution; Vimo e-wallet; mPOS payment solution; and NextPay Digital Transformation Group Joint Stock Company.
Notably, NextPay is currently introduced as the center of a technology service ecosystem consisting of many different segments, with each business segment having corresponding supporting applications and fintech.
Specifically, in the electronic payment segment, the company introduces Vimo personal e-wallet; mPOS 0% card payment and installment payment solution; ATM 360 bill payment and collection agent service; PayOn payment link creation service; TingBox QR payment solution.
The financial accounting segment includes Vinvoice electronic invoices and MegaDoc electronic contracts.
In the field of human resources, the company has the digital transformation academy NextAcademy; in the field of AI cameras NextCam; specialized software includes NextPhar (pharmacy management), MySpa (Spa management), MySalon (solution for hair salons).
In the field of sales management, the company has mPOSDigital service (management for owners of units accepting mPOS payments); PosApp.
What is Mr. Dao Minh Phu's role in the AntEx and NextTech cryptocurrency projects?
Mr. Dao Minh Phu (born in 1980) held the position of General Director of NextTech during the period 2022-2024. This was a period when the enterprise had many fluctuations in scale and capital.
Mr. Phu became a shareholder of NextTech in December 2020 when he contributed 100 billion VND (equivalent to 20% of capital). In addition to Mr. Phu, at that time, Shark Binh contributed 350 billion VND (70% of capital), Mr. Nguyen Huy Hoang contributed 50 billion VND (10%). At this time, NextTech increased its capital 5 times, to 500 billion VND.
By December 2022, the positions of Chairman of the Board of Directors, General Director and Legal Representative of NextTech were transferred from Shark Binh to Mr. Dao Minh Phu. Mr. Phu held this position for nearly 2 years.
During that time, NextTech continuously experienced many fluctuations in capital and personnel. In October 2023, NextTech made an unusual move: Charter capital decreased sharply from 500 billion to more than 4.2 billion VND and Mr. Phu also withdrew from the list of shareholders.
The title of General Director and Legal Representative of the company was transferred from Mr. Dao Minh Phu to Mr. Dao Manh Dung from April 2024. According to information from the NextTech Group website, Mr. Dao Minh Phu was introduced as a senior advisor. Mr. Phu was also introduced as an advisor to 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 at home and abroad and achieved high rankings in tournaments under 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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