LDG Investment and SMC Trading face going concern doubts

Auditors have raised significant doubts regarding the ability of LDG Investment Joint Stock Company and SMC Trading Investment Joint Stock Company to continue as going concerns.

According to the 2026 semi-annual financial report audit conducted by Moore AISE Auditing and IT Services Co., Ltd., LDG faces substantial financial pressure. As of June 30, 2026, the company reported overdue debts and an accumulated loss totaling 1,340 billion VND. The net loss for the first six months of the year reached nearly 88 billion VND, a figure significantly higher than the 41 billion VND loss initially reported by the company itself.

LDG attributed the increased loss to additional provisions for bad debts required by the auditors. The company's ability to maintain operations depends on its capacity to restructure or extend overdue debts and generate sufficient cash flow through project transfers, partnerships, or the sale of shares and assets.