Continue conflicts in response
Lao Dong Newspaper has an article reflecting many irregularities in the "Angel Investor Connection" operation of Big Group Joint Stock Company (Big Group Company).
This company donated shares to investors after buying a course of 100 million VND; drawing a picture of the company going to list in the future, possibly buying and selling to increase the value of shares. However, the listed company is another legal entity and denies involvement with previous training and stock donation activities.
Meanwhile, in October 2025, Big Group Company issued a notice of share conversion even though it did not actually list on the stock exchange.
After working with Lao Dong Newspaper reporters on January 5, 2026, on January 7, 2026, Big Group Company continued to have a document signed by Mr. Nguyen Nhat Tuan Anh - General Director, informing about the working plan with investors, expected from January 12 - January 22, 2026 to clarify the reflected contents.
Regarding document No. 25/2025/CV-BIGGROUP dated October 29, 2025 on the content "Notice of converting Thien Than shares into stocks on the stock exchange" sent to "Thien Than shareholders of Big Group Joint Stock Company", in the latest response, Big Group Company said "this is a program to support students of the company who own donated shares of the company who want to transfer back this share.
The way to implement this program is that the company's leadership will support - buy back the donated shares of Big Group from students at a reasonable price. The money from buying back these shares will be used to buy shares and shares of some potential partner companies at an agreed price between the parties.
This is an internal activity between Big Group Joint Stock Company and company students to increase value for students, this activity has no cooperation or involvement with other businesses”.
This content continues to contradict the notice dated October 29, 2025 sent to investors that: "The Angel shares that shareholders have been awarded during their participation in the training program with Big Group have been officially converted into shares on the stock exchange. This helps shareholders exercise their ownership, trading and liquidity of shares through the stock exchange easily.
Failed business, broken promises to investors
Besides many irregularities in the "Angel Investor Connection" activity during the time Mr. Vo Phi Nhat Huy was in the leadership role (from 2016 - 2020 as Chairman of the Board of Directors of Big Group Company), expanding his investigation, Lao Dong Newspaper reporters also recorded cases of capital contribution for business cooperation, but Mr. Vo Phi Nhat Huy also did not comply with the agreements.
Typically, Ms. P.T.H (living in Hanoi) said that in 2019, she signed a Business Cooperation Contract with Big Invest Land Company, contributing 1 billion VND for this company to invest in real estate projects. The capital recovery period is 24 months and profit sharing is 3 months/time. At that time, Big Invest Land Company "committed to a profit margin for the investment of 20%/year".
However, based on this contract, in March 2024, Mr. Vo Phi Nhat Huy stood up to sign in his personal capacity with Ms. P.T.H the agreement document, which clearly stated: The principal and interest of the above contract is more than 1.3 billion VND, payment term from March 30, 2024 to the end of December 30, 2024. Payment progress within 9 months, minimum payment of 120 million VND per month.
By December 2025, confirming with a reporter from Lao Dong Newspaper, Ms. P.T.H said that Mr. Vo Phi Nhat Huy did not comply with the signed agreement and she had not yet received the full amount of capital contributed.
On January 5, in a direct meeting with representatives of Big Group Company, a reporter from Lao Dong Newspaper asked about the case of Ms. P.T.H, a representative of this company said that they had contacted and worked with Ms. P.T.H many times, but the matter had not been resolved definitively.
The company representative did not specify the relationship between Big Invest Land Company and Big Group Company or the specific role and responsibility of Mr. Vo Phi Nhat Huy.
Meanwhile, in an official letter responding to Lao Dong Newspaper on January 5, Big Group Company stated about business cooperation programs and principle agreements on company shareholder incentives.
These are business cooperation programs, shareholders contribute capital to specific projects of different companies. We affirm that these business activities are all in accordance with the provisions of law" - this company said.
Notably, Big Group Company admitted that in these business cooperation activities there are "some failed projects" due to different subjective and objective factors.
The company has committed to buy back the investment capital for investors with principal and interest payments and payment progress in installments" - Big Group Company said.
