Joint Stock Commercial Bank for Investment and Development of Vietnam - Bac Hanoi Branch (BIDV Bac Ha Noi) announces the selection of assets auction organization as follows:

1. Debt information:

- Customer Name: Son Phu Invest Joint Stock Company; Add: 122 Khuat Duy Tien street, Nhan Chinh ward, Thanh Xuan district, Ha Noi.

- Total outstanding as of 25 August 2019 is VND38,638,130,637. Particularly:

+ Principal: VND16,450,000,000

+ Accrued interest and late interest: VND22,188,130,637

- Starting price: VND38,638,130,637 (In words: Thirty eight billion, six hundred and thirty eight million, one hundred and thirty thousand, six hundred and thirty seven Vietnam Dong)  

2. Time for submission:

The deadline for direct application submission is 05 days from the date of notification (date of documents submitted by post shall be determined by postmark but must be delivered to BIDV Bac Ha Noi no later than 07 days from the date of notification).

3. Place of submission:

- Joint Stock Commercial Bank for Investment and Development of Vietnam - Bac Ha Noi Branch, Corporate banking department 2; Address: No. 137A Nguyen Van Cu St, Ngoc Lam Ward, Long Bien District, Ha Noi.

- Contact person: Mr Dao Ngoc Chung; Phone number: 0986.595.632; Email: chungdn@bidv.com.vn

4. Selection criteria:

Auction organization must meet criteria specified in Clause 4, Article 56 of the Law on Asset Auction and the following criteria:

- Have asset auction license.

- Have ability and experience in auction activities.

- Have operated for at least 3 years.

- Have at least 3 auctioneers.

- Have at least 3 branches/representative offices.

- Quick procedure and proper cost.

5. Documents required:

- Enterprise legal document.

- Enterprise capacity and experience profile.

- Quotation and other commitments of auction organization (if any)

- Other documents as required by the Branch.

* Note:

- Notice on selection shall automatically become invalid in case the auction organization is not permitted to conduct auction in accordance with the law.

- BIDV Bac Ha Noi shall send a written notice of the results to the selected auction organization; those who have not been informed of the results are deemed unsuccessful. We do not return the applications of unselected organization.