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Diamond City project renamed after being transferred

The 14-hectare real estate project located in District 7, Ho Chi Minh City now has a new owner after ten years of delay.

Hoan Cau company reveals the dark side behind the grandiose projects

New details regarding the business performance and financial health of Hoan Cau Group reveal a large pool of bad debt of VND2.4 trillion (roughly US$105 million) that was just repossessed by VAMC (Vietnam Asset Management Company).

VAMC bought US$105.8 million of bad debts from Hoan Cau group of Sacombank

The debt is secured with 50,000 square metres of land plots in District 7, Ho Chi Minh City.

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