Indochina Import-Export Investment Joint Stock Company (stock code: DDG) announced its failure to pay nearly 398 billion VND in principal and interest for bond code DDGH2123001, which was due on May 10, 2025. Of this, the company only managed to pay over 17 billion VND, leaving 380.5 billion VND unpaid due to financial difficulties. The bonds were issued on May 10, 2021, with a total value of 300 billion VND and initially due on May 10, 2023, but were extended by another 24 months. Assets guaranteed for the bonds include land use rights and various other assets valued at around 156 billion VND. The company reported a net loss of nearly 27 billion VND in Q1 2025, with revenues down 13.2% compared to the same period last year. Total assets are now nearly 1.704 trillion VND, with total liabilities at about 918 billion VND.
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