Several corporate assets owned by the young master of the Tan Hoang Minh family are available for purchase
- 185
- Business
- 00:12 15/03/2023
DNHN - Agribank - Trang An office offering for sale, as collateral for loans, properties in the name of THM-CONCRETE Production and Trading Joint Stock Company, including forty vehicles of various makes and models
Agribank - Trang An office has formally announced the auction of several collateral assets belonging to THM-CONCRETE Production and Trading Joint Stock Company, a subsidiary of Tan Hoang Minh Group.
THM-CONCRETE Production and Trading Joint Stock Company's assets are pledged as collateral for loans at Agribank - Trang. A division with 40 assets, including vehicles of all types, concrete mixer trucks, excavators, etc., generators, excavators, etc. Including 1 Mazda-CX5 BKS 30F-600.41 5-seater automobile manufactured in 2018 and 2 Ford Ranger BKS 29H-158.28 and 29H-158.38 automobiles jointly manufactured in 2018.
Up to 30 concrete mixer trucks manufactured in 2019 and owned by the Traffic Police Department of the City Police are among the seized property. Hanoi issues a certificate of vehicle registration to THM-CONCRETE Production and Trading JSC. This collateral also includes 2 Liugong wheel loaders manufactured in 2018, 1 concrete batching plant with a capacity of 180m3/h commencing operations in 2018, 1 substation project of 1,000kVA-35(22)/0.4kV commencing operations in 2018, 1 generator manufactured in 2018, 1 water cooling equipment system, and 1 HITACHI crawler excavator manufactured in 2018.
All of the assets listed above are held in the name of THM-CONCRETE Trading and Production Joint Stock Company as collateral for this business's loan. The debt's value as of December 1, 2022, is VND 28,258 billion, and Agribank categorizes it as group 5 debt (unsolvable debt).
The guarantor, THM-CONCRETE, has missed the deadline for handing over the security assets, as specified in the notice of voluntary handover to handle debt collection by the Trang An branch of Agribank. By the terms of the executed security agreement, the Agribank - Trang An branch seized the aforementioned series of assets on December 2, 2022, to handle the collection of delinquent debts.
Agribank's starting price for the aforementioned series of assets is VND 40,895 billion. The auction is scheduled for 22 March 2023.
Mr. Do Hoang Viet (son of Mr. Do Anh Dung, Chairman of Tan Hoang Minh Group) serves as General Director of Tan Hoang Minh Group's THM-CONCRETE.
P.V (t/h)
Related news
- Foreign investors expected to open 150,000 new securities accounts in the next 5 years
- Government’s plan to implement Law on Digital Technology Industry approved
- Vietnam launches “Private Economy Panorama Model” to foster public-private national development
- Shark Nguyễn Hòa Bình: Hanoi will become the capital of startup innovation.
- Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
- The master sales secrets of luxury king Bernard Arnault that make the world spend
- White House: When politics and technology join forces to rewrite the global AI order
- Da Nang proposes semiconductor cooperation with Oregon (USA)
- Quang Tri calls for investment in wind power plant project worth over VND 1,100 billion
- Hanoi receives two million visitors during the four-day National Day holidays
- Multiple MoUs signed in Da Nang to boost semiconductor development
- UNDP Resident Representative hails Vietnam as an emerging economic powerhouse
- How the UAE Transformed from Oil Wealth to AI Leadership?
- Success in business is always a human story
- Mr. Le Viet Thang, CEO of 1Office: "Don’t use old solutions for new ai challenges"
- VinFast: a strategic pivot amid the green industry storm?
- 127 high-value projects post-merger: Ho Chi Minh City rolls out the red carpet for strategic investors
- Pakistani Ambassador to Vietnam: “Peace and unity are the strength to build the future.”
- Vietnam's Semiconductor Leap: Five Strategic Policies to Reach 2027 Goal
- What’s Vietnam’s game plan as President Trump pressures the Fed?
Đọc thêm Business
Foreign investors expected to open 150,000 new securities accounts in the next 5 years
The Ministry of Finance has set an ambitious target to increase the number of securities trading accounts held by foreign investors in Vietnam to 200,000 by 2030—four times higher than the current figure.
Vietnam launches “Private Economy Panorama Model” to foster public-private national development
Billionaire Nguyen Thi Phuong Thao emphasizes that entrepreneurs’ responsibilities extend beyond profits to creating social value.
Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
As part of his working visit to Japan and participation in the Vietnam National Day at EXPO 2025 Osaka, on September 8, Deputy Prime Minister Lê Thành Long held talks with Osaka Governor Yoshimura Hirofumi.
Larry Ellison’s lesson: Enduring success starts with fixing the market’s pain points
As of today, Larry Ellison has risen to become the world’s second-richest billionaire with a fortune of nearly $260 billion, surpassing familiar names such as Jeff Bezos and Warren Buffett.
The master sales secrets of luxury king Bernard Arnault that make the world spend
Billionaire Bernard Arnault, Chairman of LVMH (Moët Hennessy Louis Vuitton), controls more than 70 of the world’s most prestigious luxury brands, from Louis Vuitton and Dior to Moët & Chandon and Bulgari.
White House: When politics and technology join forces to rewrite the global AI order
The White House became the epicenter of global attention as U.S. President Donald Trump and First Lady Melania Trump hosted a high-profile state dinner, bringing together more than 20 of the most powerful leaders in technology and American business.
Warren Buffett: The contrarian billionaire – What can Vietnamese entrepreneurs learn?
Warren Buffett has never invented a piece of technology, created a product that changed the world, or relied on social media.
Vietnam Golf Course Owners Summit 2025: Driving sustainable growth in golf tourism and golf economy in Vietnam
Vietnam Golf Course Owners Summit2025 (VNGOS 2025), focusing on the sustainable development of golf tourism and the golf economy in Vietnam, will be held for the first time on October 30 - 31, 2025, at Laguna Lăng Cô Resort, Hue City.
President Luong Cuong’s visit to China: A message of Vietnam’s diplomacy
From September 2 to 4, 2025, President Luong Cuong led a high-level Vietnamese delegation to attend the 80th anniversary of the world’s victory over fascism and to carry out a series of high-level diplomatic activities in China.
Prof. Dr. Huynh Van Chuong: A strategy to elevate Vietnam’s education on the global stage
On the occasion of the 80th anniversary of Vietnam’s education sector and the opening of the 2025–2026 academic year, Professor Huynh Van Chuong shared insights on key achievements in education quality management.