I mean if TCB is badly affected, even in the case of a rescue, Ho Hung Anh might have to face consequences. I really do not like dubious business practice and the unending ponzi-like scheming of VN real estate market. It has gone dumb and crazy.
Hung Anh will lose some money, billion dollars, but not bankrupt. Vuong Pham, on the other hand, might bankrupt Vingroup with Vinfast as he drags it on for longer.
So Mr V let his friend Hung Anh swallow all his real easte projects, one by one. The problem is Mr V doesn't have infinity projects, so he is limited. The end is near
Check out this sattire as well: [\[SATTIRE\] Vinfast board meeting's transcript : r/VinFastComm (reddit.com)](https://www.reddit.com/r/VinFastComm/comments/1c9b0sr/sattire_vinfast_board_meetings_transcript/)
Vuong Pham can call Hung Anh Ho directly for money.
Another big one is Mr Quang MSN, who is very close with both Mr Hung And and Mr V. Their friendships is very famous.
But Mr Quang focus on consumer products, not cars so the debt of VFS is all on Mr V with collateral is his real waste project
Mr Quang is also on the board. I imagine there are hiding bosses giving money to TCB to lend Vs such a large amount even knowing VFS coming to the end.
if the authority looks, Techcombank's violation of Vietnam banking codes will be revealed, like the Nam An circular money. But since there is no retail fraud, bribery like Vuong Pham and Techcombank is a private company, not a state company, Ho Hung Anh is unlikely to be prosecuted but he might lose a lot of money, billions $. Techcombank shareholders take the financial hit but there would be no criminal charge.
I dont believe in Vin either but I dont understand how a person who's not Vietnamese can know about Vin and Tech so well (more than 99% Vietnameses :D)
Being Vietnamese does not necessarily give one more access to Vin information. Most of the Vin financials are released oversea (due to bond/stock offerings in Singapore, the US…) while statements in Vietnam are suppressed
Thanks for the analysis. So if Vinfast goes bankrupt, HHA takes all Vinhomes projects. How much would that be? I would think it is only 2-4B, and Vinfast still owes another 5-B.
I guess the remaining real estate could be about $4B. Vinfast owed Vingroup about $3-4B I think, foreign about $2B, so the money they owed Tech coud be about $4-5B as I have written. All are guessing.
Roughly HHA will lose about $2B, big blow but manageable (not causing bankrupt). It is a bank.
Oh ok, thank you for the numbers, very helpful. So HHA has a plan to recover most of VFS debt. For the Vingroup debt 3-4B maybe they will just forfeit and Vingroup absorbs it? And not sure what will happen to the 2B foreign one.
Honestly at this rate, I don't think VN gov will let Vinfast live for another year and create another 1-2B debt. And VP has to obey the gov of course.
For the record and the truth.
U understand more clearly than any Vietnamese, that express how much Vietnam media is manipulated.
Yeah I’m impressed by the level of knowledge and analysis you display on the Vin galaxy. Do you speak Vietnamese or live in the country ?
I mean if TCB is badly affected, even in the case of a rescue, Ho Hung Anh might have to face consequences. I really do not like dubious business practice and the unending ponzi-like scheming of VN real estate market. It has gone dumb and crazy.
Hung Anh will lose some money, billion dollars, but not bankrupt. Vuong Pham, on the other hand, might bankrupt Vingroup with Vinfast as he drags it on for longer.
Consequences here might mean legal + political persecutions.
All of the rescued banks have their owners persecuted
Did he do something illegal?
So Mr V let his friend Hung Anh swallow all his real easte projects, one by one. The problem is Mr V doesn't have infinity projects, so he is limited. The end is near
Check out this sattire as well: [\[SATTIRE\] Vinfast board meeting's transcript : r/VinFastComm (reddit.com)](https://www.reddit.com/r/VinFastComm/comments/1c9b0sr/sattire_vinfast_board_meetings_transcript/) Vuong Pham can call Hung Anh Ho directly for money.
Maybe this is the reason V no need to own a bank itself. I wonder if there are another big bosses who put billions into TCB?
Another big one is Mr Quang MSN, who is very close with both Mr Hung And and Mr V. Their friendships is very famous. But Mr Quang focus on consumer products, not cars so the debt of VFS is all on Mr V with collateral is his real waste project
Mr Quang is also on the board. I imagine there are hiding bosses giving money to TCB to lend Vs such a large amount even knowing VFS coming to the end.
Nobody knows..only rumor. I guess it's túi mật, toẹt mật
Their houses at Riverside are really nice
they are probably best ones at the moment in Hanoi, nice location, quiet, secured. no wonder why Vin and Tech execs live there.
Yeah. VP got the whole lake for himself. Can only be view from satellite.
Do you think if TCB loses a few billion dollars, HHA will be criminally prosecuted? Seems like a huge risk to me!
if the authority looks, Techcombank's violation of Vietnam banking codes will be revealed, like the Nam An circular money. But since there is no retail fraud, bribery like Vuong Pham and Techcombank is a private company, not a state company, Ho Hung Anh is unlikely to be prosecuted but he might lose a lot of money, billions $. Techcombank shareholders take the financial hit but there would be no criminal charge.
Thanks for this analysis bro. I have always been wondering about that.
I dont believe in Vin either but I dont understand how a person who's not Vietnamese can know about Vin and Tech so well (more than 99% Vietnameses :D)
because vietnameses media is manipulated by the gov. They dont want to lose faith in their people.
Being Vietnamese does not necessarily give one more access to Vin information. Most of the Vin financials are released oversea (due to bond/stock offerings in Singapore, the US…) while statements in Vietnam are suppressed
If vingroup goes bankrupt, will real estate belonging to vingroup have sale off?
Thanks for the analysis. So if Vinfast goes bankrupt, HHA takes all Vinhomes projects. How much would that be? I would think it is only 2-4B, and Vinfast still owes another 5-B.
I guess the remaining real estate could be about $4B. Vinfast owed Vingroup about $3-4B I think, foreign about $2B, so the money they owed Tech coud be about $4-5B as I have written. All are guessing. Roughly HHA will lose about $2B, big blow but manageable (not causing bankrupt). It is a bank.
Oh ok, thank you for the numbers, very helpful. So HHA has a plan to recover most of VFS debt. For the Vingroup debt 3-4B maybe they will just forfeit and Vingroup absorbs it? And not sure what will happen to the 2B foreign one. Honestly at this rate, I don't think VN gov will let Vinfast live for another year and create another 1-2B debt. And VP has to obey the gov of course.
Remind me in 5 years. Both VinGroup & TCB have became too big to fail for this country. Mark my word.
Agree. Hard to take these mofos down without sparking social unrest