The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) - Bac An Giang Branch announces the auction of assets as follows:

1. Information of Debt auction:

- For sale of debt of Viet Can Co., ltd and Nhu Y Private Enterprise at BIDV – Bac An Giang Branch.

- Information of the debtor: Viet Can Co., ltd and Nhu Y Private Enterprise

- The total outstanding balance: as of November 28, 2019 is VND 1,153,420,837,135, in particular:

+ Nhu Y Private Enterprise: VND 804,420,024,464, in which the principal is VND 435,086,648,865,  interest is VND 369,333,375,599.

+ Viet Can Co., ltd is VND 349,000,812,671, in which the principal is VND 157,628,000,000, the interest is VND 191,372,812,671.

- Collateral:

+ Description of the collateral of Nhu Y Private Enterprise: Plot no. 118, Urban residential land; total area: 81,955.40 (m2), Plot no. 23, Land for production and business; total area: 76,509.80 (m2), Plot no. 1, Land for education and training; total area: 784.70 (m2).

+ Description of the collateral of Viet Can Co., ltd: Plot no. 6, Urban residential land, total area: 12,766.40 (m2). Plot no. 2, Land for production and business, total area: 16,237.00 (m2). Plot no. 2, Land for education and training, total area: 16.439,00 (m2). Plot no. 1, Land for agencies, total area: 12,534.30 (m2). Plot no. 1, head office land, total area: 7,284.40 (m2).

- Address of property: New urban area – Festival city at Vinh My Ward, Chau Doc City, An Giang Province.

- Owner: Nhu Y Private Enterprise

- Starting price: VND 840,843,790,272 (In words: Eight hundred forty billion, eight hundred forty three million, seven hundred ninety thousand, two hundred seventy two dongs), in which the total outstanding of Nhu Y Private Enterprise is VND 586,422,197,834 and that of Viet Can Co., Ltd. is VND 254,421,592,438.

Note: Vietnam Asset Management Company has authorized all rights to handle debt for BIDV – Bac An Giang Branch.

2. Auctioned property belonged to: BIDV – Bac An Giang Branch. Address: No. 14 Quang Trung, Chau Phu B Ward, Chau Doc City, An Giang Province.

3. Debt auction organization:  Truong Thinh Auctions Partnerships. Address: 46 Street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City

4. The starting price is not subject to VAT, not include costs related to the transfer of ownership/ use of property, registration fees and other expenses (if any); upon purchase of property, these costs are borne by the purchaser.  

5. Deposit: VND 126,126,568,541 (In words: One hundred twenty six billion, one hundred twenty six million, five hundred sixty eight thousand, five hundred forty one dongs).

6. Fee of the auction dossier: VND 500.000/set

7. Time and place for selling records and receiving auction dossier: From 8:00 a.m on March 26th, 2020 to 5:00 p.m on April 21th, 2020 at the head office of Truong Thinh Auction Company, address: 46 Street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City and the head office of BIDV – Bac An Giang Branch, address: No. 14 Quang Trung, Chau Phu B Ward, Chau Doc City, An Giang Province.  

8. Time and place of property consideration: From 8:00 a.m on March 26th, 2020 to 5:00 p.m on April 21th, 2020 at the property location. View property records at the head office of Truong Thinh Auction Company, address: 46 Street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City.

9. Deadline for deposit: During office hours on April 21th, 2020, April 22th, 2020 and April 23th, 2020, unless otherwise agreed by the auction institution and participants but before the opening of the auction.

- Organizations and individuals eligible to participate in the auction submit a valid bidding dossier and pay deposit to Truong Thinh Auction Company as prescribed.

10. Time, location of auction: At 2:00 p.m on April 24th, 2020 at the head office of BIDV – Bac An Giang Branch, address: No. 14 Quang Trung, Chau Phu B Ward, Chau Doc City, An Giang Province.

11. Auction form: Oral auction.

12. Auction method: Ascending price auction.