BIDV Dong Da announces the sale of debt

Publish date
04/05/2020

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JSC Bank for Investment & Development of Vietnam – Dong Da Branch would like to notify the sales of Minh Ha technology Development and Investment JSC’s debt as follow:

1. Information of Debtor:

- Name: Minh Ha technology Development and Investment JSC.

- Address: No. 16, Lane 3, Van Phuc Street, Lieu Giai, Ba Dinh, Hanoi.

2. Value of the debt:

Total outstanding debt as of  21 April 2020 is VND4,231,456,548 including all principal, interest & penalty fee of Minh Ha technology Development and Investment JSC  under Credit Agreement no. 03/7716316/HDTD dated 11 Nov 2015 & Credit Agreement no. 04/7716316/HDTD dated 23 Nov 2015.

3. Collateral:

- Certificate of Land use right Ownership of house and other properties associated  with land no. BV 498890 at land lot No 255, map sheet No 02, address: Quang Minh Group, Duong Noi Ward, Ha Dong District, Hanoi City. This certificated is certified by People’s Committe of Ha Dong District on Jun 30, 2014, number in the registration book: CH-02272. Owner: Mr. Nguyen Trung Thiem.

4. Starting price: VND2,630,000,000 (In word: Two Billion Six Hundred and Thirty Million Vietnamese Dong). This selling price does not include expenses related to the debt transfer.

5. Method of debt sales: Direct Agreement between BIDV Dong Da Branch & the Purchaser of the Debt.

6. Period for interested parties to contact & send written requests: : End of 15 May 2020.

Debt Purchase Deposit Amount:

a. All interested units and individuals must transfer the deposit money to the account of the debt’s seller an amount being 394,500,000VND (In word: Three Hundred and Ninety Four Million and Five Hundred Thousand Vietnamese Dong), which is equivalent to 15% of  the debt selling price. The account details are as follows:

- Beneficiary’s account name: JSC Bank for Investment and Development of Vietnam – Dong Da Branch

- Account number: 280701005

- Open at: JSC Bank for Investment and Development of Vietnam – Dong Da Branch

- Transfer contents: (Name of purchaser) Deposit for purchasing the debt of Minh Ha Jsc.

b. Time to pay the deposit: On 15 May 2020.

c. In case the debt buyer is not selected, the bank will return the deposit to the debt buyer expected on May 26, 2020.

d. If the debt purchaser is selected, the deposit will be converted into cash to securd the performance of the debt purchaser contract and be deducted from the debt purchaser amout that the buyer owes to the bank. If the selected debt buyer fails to fulfill his obligation to buy the debt, the deposit will belong to the bank.

7. Contact information:

- BIDV Dong Da Branch, Risk Management Department.

- Address: No.71 Nguyen Chi Thanh Street, Lang Ha Ward, Dong Da District, Hanoi City.

- Contact person:

Mr. Bui Duc Hoang (Mobile no.: 0904179839)

Mr. Nguyen Minh Tuan (Mobile no.: 0962878282).

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