Business owner applying to build high-speed railway accused of borrowing 30 million and then fleeing
The Business and Integration Magazine (under the Vietnam Association of Small and Medium Enterprises) has just sent a document to Deputy Prime Minister Nguyen Hoa Binh , Minister of Construction Tran Hong Minh and Minister of Finance Nguyen Van Thang regarding a number of issues related to Discovery Group Joint Stock Company - the enterprise proposing to invest in the North-South high-speed railway project.
The magazine said that Discovery owed the magazine a debt and had not paid for a long time. The unit had filed a petition to open bankruptcy proceedings, but on August 25, the People's Court of Region 2 ( Hanoi ) announced "negotiating the withdrawal of the bankruptcy petition". Due to this legal dispute, the magazine sent someone to verify information about Discovery Group and Chairman of the Board of Directors, General Director Nguyen Nam Thieu.
Mr. Nguyen Nam Thieu, Chairman of the Board of Directors of Discovery Group (Photo: VGP/Nguyen Hoang).
The results showed that the office in Hanoi was often closed, rarely had employees; the branch in Ho Chi Minh City had stopped operating for more than a year due to unpaid rent and had not yet paid.
For many years, the company has generated almost no revenue, which means no tax obligations. “Individual Nguyen Nam Thieu borrowed from each person from 30 million VND, 50 million VND... but did not pay and is avoiding debt repayment obligations to many organizations and individuals,” the content stated.
Company profile specializes in writing reports for hire but applies to build high-speed railways
Vietnam 3000 Company Limited - Vietnam Investment and Development Group is one of five enterprises attending a meeting with leaders of ministries, branches and enterprises about the high-speed railway project on the North-South axis on November 27.
According to the National Enterprise Registration Portal, this company was established at the end of 2020 with a charter capital of VND 369 billion. Ms. Ngo Thi Thang, born in 1954 (registered permanent residence in Cau Giay, Hanoi) is the Director and Legal Representative.
Notably, the company has registered 84 business lines, the main of which is food wholesale. The fields that the company said it is investing in include social projects, poverty reduction; technology; industry; real estate development; financial and technology consulting and brokerage, etc.
Representative of Vietnam 3000 Company Limited (Photo: VGP/Nguyen Hoang).
However, the project portfolio is only a handful. For technology projects, the only service the company introduces is PowerPoint design.
For commercial and production projects, this company offers internship report writing services. The company claims to have been writing for hire for 7 years, most of its staff have PhDs. Meanwhile, no real estate projects of this company have been found yet.
How did Quoc Cuong Gia Lai manage to pay more than 1,783 billion VND to Van Thinh Phat?
Quoc Cuong Gia Lai Joint Stock Company (QCG) is seeking shareholders' opinions on a financial arrangement plan to pay off a debt of nearly VND2,883 billion related to the Van Thinh Phat case, in order to recover the Bac Phuoc Kien Residential Area project. Currently, QCG has paid VND1,100 billion from the advance payment for hydropower transfer and personal loans.
To arrange the remaining amount of nearly VND 1,783 billion and repay previously mobilized funds, QCG's Board of Directors (BOD) submitted to shareholders for approval two main capital mobilization plans.
Asset transfer: Transfer of capital contributions in subsidiaries and associated companies. The Board of Directors commits that the transfer value will not be lower than the investment cost and will hire an independent appraisal unit to determine the price.
Strategic cooperation: Cooperate and invest in real estate products and projects with capable and demanding investors, including related investors.
Mr. Le Thanh Than's business suddenly quit the massage industry.
Dien Bien Province Construction Private Enterprise No. 1 (Mr. Le Thanh Than’s company) has just updated information on changes in its business registration. Accordingly, the number of business lines has been reduced from 98 to 97.
In the old list, the enterprise registered for the industry "Sauna, massage and similar health improvement services (except sports activities)", industry code 9610.
Mr. Le Thanh Than (Photo: Nguyen Hai).
In the new list, the industry code 9610 is changed to “Laundry, cleaning of textile and fur products”. The previous similar industry group is changed to code 9623 with the content “Spa and sauna services”. Notably, the word “massage” no longer appears in the new list.
Vingroup removes a service industry from business registration content
Vingroup Corporation - Joint Stock Company (stock code: VIC) has just completed the registration of 81 business lines, adding 15 business lines compared to before. The enterprise continues to keep Real estate business, land use rights of owners, users or lessees as the main business line.
Notably, in the old industry group, the industry code 9610 “Massage services and similar health improvement services (except sports activities)” is no longer available. Instead, the similar industry group is code 9622 “Beauty care services and other beauty activities (except sports activities)” and code 9623 “Spa and sauna services”.
Meanwhile, some of Vingroup's new industries in this update are Iron, steel, and cast iron production (code 2410); Iron and steel casting (code 2431); Mechanical processing; metal processing and coating (code 2592); Health care activities for meritorious people, the elderly, and the disabled who are unable to care for themselves (code 8730); Activities of nursing and care facilities (code 8710); Electricity production from non-renewable energy sources (code 3511)...
K+ lost thousands of billions of dong before stopping operations in Vietnam
Saigontourist Cable Television Company (SCTV) has officially announced that it will stop providing the 5-channel K+ package on its television infrastructure from January 1, 2026, because Vietnam Satellite Digital Television Company Limited - the operator of K+, decided to stop providing this channel package in Vietnam.
Financial reports show that the K+ operator has been making losses for many years due to internal difficulties and fierce competition in the pay TV market. In 2019, the K+ TV owner achieved net revenue of VND1,160 billion, but had a loss after tax of more than VND246 billion.
K+ has closed many agents in Vietnam (Photo: K+).
By 2020, VSTV's net revenue reached VND1,055 billion, down 9% and its after-tax loss increased by nearly 8% to VND265 billion. As of December 31, 2020, the company's accumulated loss was more than VND3,500 billion, bringing its equity down to a negative VND3,200 billion.
In 2021, revenue increased slightly by 2% to VND 1,071 billion but after-tax loss increased by nearly 30% to VND 342 billion. By the end of 2021, the owner of K+ recorded a total accumulated loss of more than VND 3,890 billion.
Japanese corporation wants to spend 4,700 billion VND to "take over" Thien Long ballpoint pen owner?
On December 4, Kokuyo Group (Japan) announced that it will purchase shares of Thien Long Group Joint Stock Company (stock code: TLG), through two transactions including share purchase and public offering.
According to the plan, this group will buy all shares of Thien Long An Thinh Company (TLAT) - the unit currently holding 46.82% of Thien Long shares, owned by the founder and his associates. After that, the Japanese group will also make a public offering to buy an additional 18.19% of Thien Long shares on the market.
If successful, Kokuyo plans to hold a total of 65.01% of shares, officially turning Thien Long into a subsidiary. The estimated value of the deal is up to 27.6 billion yen (4,700 billion VND), equivalent to about 82,000 VND/share, which Kokuyo will use its own capital to pay. Thien Long's two affiliated companies, Phuong Nam Cultural JSC and PEGA Holdings JSC, are not included in the deal.
Tan Tan peanut production company profile
Tan Tan Joint Stock Company was established in 2007, located in Dong Hoa Ward, Di An City, Binh Duong Province (now Ho Chi Minh City). However, on the website, the company introduces itself as having been established and developed for more than 40 years.
In 1984, the company started out as a fried peanut processing facility. By 1997, the facility had built a new factory and office in the former Binh Duong province with an area of over 45,000m2, expanding its staff to over 800 employees.
Since then, the company has expanded its domestic business scale with more than 140 distributors, more than 40,000 retail outlets in most supermarkets and shopping centers, accounting for 80% of the market share nationwide.
Tan Tan has also successfully exported to markets around the world such as the US, Korea, China, Nigeria, Cuba...
At the time of establishment, Tan Tan's charter capital was 80 billion VND. Of which, Mr. Tran Quoc Tan owned 80% of the shares, Ms. Chau Ngoc Phung and Mr. Tran Quoc Tuan each owned 10%.
Mr. Tan and his accomplices in court (Photo: Tho Moc).
In terms of business lines, the main business registered by the enterprise is the production of food and processed foods. Specifically, the production and processing of agricultural products including peanuts, cashews, vegetables, tea, coffee; food processing, fast food, frozen food including pizza, coconut jelly, agar, and drinks extracted from seaweed.
Tan Tan has registered 16 other business lines, including tree planting; processing and preserving fruits and vegetables; producing non-alcoholic beverages and mineral water; trading in food; trading in real estate, land use rights owned by the owner, user or lessee...
Source: https://dantri.com.vn/kinh-doanh/nhung-dieu-la-o-loat-doanh-nghiep-xin-lam-duong-sat-cao-toc-20251207022357976.htm
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