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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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As of the end of 2025, Quốc Cường Gia Lai (QCG) reported current assets of just over 2,240 billion VND, while short-term debt reached more than 3,920 billion VND. The resulting gap is mainly attributed to obligations of over 1,680 billion VND related to the Bắc Phước Kiển Residential Area project, pledged to ensure enforcement in a case involving Ms. Truong My Lan.
The audit notes point to a going-concern risk. QCG said it is taking procedural steps to finalize the legal dossier for the Bắc Phước Kiển project and to implement compensation and site clearance for the remaining area.
The enforcement agency has seized assets, including original compensation documents, to secure enforcement of the amount to be repaid. To align the figures with accounting standards, QCG temporarily reclassified more than 5.4 trillion VND of short-term production costs to long-term production costs. After the reclassification, short-term liabilities still exceeded current assets.
By 31 December 2025, QCG had paid about 1,000 billion VND. By 11 February 2026, it had paid an additional 100 billion VND to the Ho Chi Minh City Civil Judgments Enforcement Office.
The audit also highlighted other matters, including:
The audit further noted that Hoà Bình Construction (HBC) received a qualified opinion due to insufficient confirmations of receivables and payables. HBC records revenue based on quantities verified by the investor and contract unit prices; however, the contracts require payment based on the quantity completed as confirmed by customers.
As of the date of the audit report, there was not enough information to assess the impact on the consolidated financial statements. Other audit procedures also indicated that information was not yet sufficient to assess the existence and completeness of the aforementioned items.
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