AsemconnectVietnam - MST Investment JSC (code MST - HNX floor) has just announced the Board of Directors' resolution approving the expected business plan for 2025 and the plan to borrow capital from BIDV bank.

MST's Board of Directors plans to set a target of net revenue of VND1,755 billion and after-tax profit of VND45.6 billion, respectively increasing by 38% and 168% compared to 2024.
In 2024, MST will bring in VND1,274 billion in net revenue, up 5.6% compared to the previous year; but after-tax profit decreased sharply by 75%, to just over VND17 billion, mainly due to the absence of other profits of more than VND128 billion as in the previous year. In the fourth quarter of 2024 alone, MST recorded a profit after tax of nearly VND5.4 billion, down 71% year-on-year, although revenue increased by 33% to more than VND414 billion.
In addition to the 2025 business plan, the Board of Directors of MST Investment also approved the policy of borrowing capital from BIDV - Thai Ha branch with a value of VND400 billion to serve production and business activities in the form of short-term credit limit/overdraft limit, the maximum term for each contract is 12 months from the date of signing. Loan interest rates and loan conditions are according to the bank's regulations and the agreement between the two units.
MST Investment will pledge and mortgage assets under the Company's right to use and own and other assets mobilized from third parties (if any) at BIDV to ensure payment obligations.
At the end of 2024, MST Investment won the auction for the asset which is the entire debt value of Greenhill Village JSC at Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) - Thu Thiem Branch, with a total auction value of VND410 billion, equal to the starting price of the asset.
The auctioned debt includes the entire debt value (principal, interest, unpaid penalty interest) of GreenHill Village at VietinBank Thu Thiem, tentatively calculated as of May 14, 2024, which is VND495 billion. The secured assets are all benefits obtained from exploiting the value of land use rights belonging to the Greenhill Village tourist area project; the rights, benefits, and payments that Greenhill Village Company receives after the effective date of the mortgage contract related to land use rights and assets attached to the land.
Previously, MST approved the policy of signing an EPC general contract to supply equipment and construct the Greenhill Village Quy Nhon tourist area with a contract value of more than VND2,014 billion (excluding VAT 10%). The contracting party is Greenhill Village JSC.
N.Nga
Source: VITIC/Tinnhanhchungkhoan