LDG

LDG faces seizure of 507 land plots at its Viva City project by Sacombank after defaulting on loan obligations. The developer's overdue debt exceeds VND 734 billion, and it continues to report net losses, with core operations effectively frozen.

ITD was added to HOSE's margin-cut list after receiving a tax penalty for fiscal years 2022-2025, totaling VND 630.6 million. The list now includes 68 stocks, many under warning, control, or with negative profits, restricting leverage for investors.

HOSE has removed margin eligibility for 67 stocks effective May 2026, citing warning/control status, negative earnings, or listing under six months. The list includes AAN (listed May 22), ABS, HVN, and DLG, restricting leverage for retail investors and potentially reducing trading liquidity in these names.

LDG board member Nguyen Van Minh resigned for personal reasons after the company's second 2026 AGM failed with only 15.12% attendance. LDG plans a third AGM within 20 days to approve 2025 financials and 2026 plans, including project restructuring and M&A.

LDG reported a Q1 2026 net loss of 16.3 billion VND, reversing a 12.3 billion VND profit a year earlier, as revenue turned negative and over 1.5 trillion VND in deposits were frozen at MB Bank. The company also has 734 billion VND in overdue debt, highlighting acute liquidity and operational challenges.

DIG, LDG, and NDN all reported net losses in Q1 2025, with DIG losing nearly VND 7B, LDG over VND 16B (accumulated loss VND 1,268B), and NDN VND 630M. The losses stem from vanishing product sales revenue and rising costs, signaling continued stress in Vietnam's real estate sector.