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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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