Vietnamese companies face liquidity issues as bank deposits are frozen for debt

Several Vietnamese companies are facing liquidity challenges as significant bank deposits are frozen to secure debt obligations.

LDG Investment Joint Stock Company reported that approximately 1,561 billion VND held in term deposits at Military Commercial Joint Stock Bank (MB) has been frozen to fulfill corporate obligations. Consequently, the company's available cash and cash equivalents dropped to roughly 4.97 billion VND by the end of Q1 2026. LDG is currently managing approximately 850.6 billion VND in overdue principal and interest, including significant debts to Sacombank and VPBank.

In a separate case, Saigontourist Group has deposited 60 billion VND at Vietcombank Dak Lak to support Dak Lak Tourism Joint Stock Company (DLD). The entire amount is frozen to facilitate a request to delay judgment enforcement against DLD until November 30, 2026. This period is intended to allow DLD to complete private share issuances to raise capital. If DLD fails to settle its debts by the deadline, Vietcombank is authorized to withdraw up to 47 billion VND from the deposit to cover principal and interest.