SMC Trading Investment Joint Stock CompanySMC Trading Investment Joint Stock Company faced a severe financial crisis

SMC Trading Investment Joint Stock Company (SMC) is facing a severe financial crisis, reporting a net loss of nearly VND 160 billion in the first nine months of 2025, with accumulated losses eroding over 43% of its charter capital. The company is struggling with soaring bad debt provisions of nearly VND 400 billion and continues to operate below cost due to plummeting revenue. Consequently, SMC has been forced to liquidate assets to repay bank loans and establish a special task force to manage overdue debts urgently.

SMC Trading Investment Joint Stock Company (SMC) is facing a severe financial crisis, reporting a net loss of nearly VND 160 billion in the first nine months of 2025, with accumulated losses eroding over 43% of its charter capital. The company is struggling with soaring bad debt provisions of nearly VND 400 billion and continues to operate below cost due to plummeting revenue. Consequently, SMC has been forced to liquidate assets to repay bank loans and establish a special task force to manage overdue debts urgently.

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