Circulation of around VND3,000 billion between DIC Corp, subsidiaries and partner companies over 3 years
After 3 years of establishing subsidiaries with capital contributions in the form of land use rights in Da Phuoc Urban Area and selling stakes to third parties, DIC Corp announced termination of capital contribution plans and partial refund of deposits.
A series of corporations have bad debts, trillions of dollars in losses.
According to the State Audit, corporations using state capital, such as Vinafood1, Vicem, and Satra Group... have large debts, investment losses of trillions of dongs, and financial insecurity.