The chairman of the company expressed a willingness to invest $100 billion in the construction of the North-South high-speed railway, in response to being referred to as an 'unknown investor' by congressional representatives.


On the afternoon of June 18, congressional representative Zheng Chun'an warned that an 'unknown' company claimed to invest $100 billion in the construction of the North-South high-speed railway, but its financial capacity remained unclear. The chairman of Mekolor subsequently issued a response.

The company's headquarters is located in a residence deep in an alley, at No. 24, Li Zizhuang Street, Taipingfang, Ningqiao District, Can Tho City. Here, a couple both resides and serves as 'employees', receiving company documents and files leased by Mr. Zhang. These two confirmed that they were not familiar with the specific operations of the company. Some nearby residents also stated that they were unaware of the existence of this company when asked.

On the afternoon of June 18, during a discussion meeting on the railway law (revision) project, congressional representative Zheng Chun'an (Dong Nai Province) emphasized that investors wishing to participate in railway projects need to prove their sufficient capability and fundraising ability. He believed that stricter regulations need to be supplemented to ensure the feasibility of the investors' financial capacity.

Mr. Zhang cited an example: 'One cannot merely present a generic report on equity, loans, etc., but needs to specify financial capacity. Recently, an unknown investor claimed to have $100 billion to build the North-South high-speed railway. This investor seems to have descended from the sky, which is hard to imagine. They have sent documents, but in my view, the evidence is very vague.'

Therefore, he proposed the need for an independent review mechanism, the establishment of a review and audit committee, and the creation of a cross-check mechanism to select truly capable investors.

In response, the chairman of Mekolor, Zheng Chun'an, representing the Mekolor Alliance (Vietnam) and Great USA (USA) - which claims to be willing to invest $100 billion in the construction of the North-South high-speed railway, has issued a response on a personal Facebook page named 'Philip Vo'.

Accordingly, Mr. Zhang emphasized that he never claimed to have the ability to raise funds but rather to prove the availability of funds to ensure project implementation, rather than borrowing funds under the guise of the project.

'We attached the financial capacity to Prime Minister Pham Minh Chinh and Deputy Prime Minister Tran Hong Ha, and never mentioned fundraising ability. This was understood too 'vaguely' and lacks professionalism' - Mr. Zhang wrote.

Is Mekolor an 'unknown' company?

Mr. Zhang stated that Mekolor - Great USA is currently coordinating two major structures, including One Mekong One Meal - a financial model supporting nearly 200 million Americans in economic development; and Great Network - a global financial operating system with a scale of up to $45.5 trillion, which is thousands of times the GDP of Vietnam. This system currently has $12 trillion, with $100 billion for railway construction being just a part of it.

However, according to what is known, Mekolor is a 'micro' enterprise, established on October 27, 2016, mainly engaged in event organization, with a registered capital of only 100 million Vietnamese dong. The last change of information for the company was on September 9, 2021. As for its operational results, the company reported a profit of only 1 million Vietnamese dong in 2019; and recorded losses of 2.7 million Vietnamese dong and 8 million Vietnamese dong in 2020 and 2021, respectively.



The company's headquarters is located in a residence deep in an alley, at No. 24, Li Zizhuang Street, Taipingfang, Ningqiao District, Can Tho City. Here, a couple both resides and serves as 'employees', receiving company documents and files leased by Mr. Zhang. These two confirmed that they were not familiar with the specific operations of the company. Some nearby residents also stated that they were unaware of the existence of this company when asked.


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