The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) - Hau Giang Branch would like to announce the choice of asset auction organization as follows:

1. Customer information and debt:

1.1. Customer name: Khang Hung Construction - Trading - Service One Member Company Limited.

- Address: N0 724B, Phu Loi hamlet, Tan Phu Thanh commune, Chau Thanh A district, Hau Giang province.

- Legal representative: Mr. LE NGOC NHAN - Job position: Director.

- Main business activity: Milling rice.

- Enterprise Registration Certificate of the One Member Company Limited N0 1801315758 issued by Hau Giang province Planning and Investment Department for the 11th change times dated on September 16th 2016.

1.2. Collateral: The Land’s Used Rights, ground, trucks, factories, …

1.3. Expected starting price: The price level is calculated by all outstanding principal, interests and charges of the debt up to the time of signing the auction contract (provisional to dated on August 31st 2019 as 170,431,145,726VND).

2. Time of receipt: The time of direct submission is 07 days from the date of notification (the dossier submitted by post is calculated by postmark, provided that the BIDV-Hau Giang Branch must receive within 9 days from the date of notification).

3. Place of submission:

- The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) - Hau Giang Branch; Address: N0 16, Nguyen Cong Tru street, 01st ward, Vi Thanh city, Hau Giang province.

- Clue connection: Mr. NGUYEN DUY NGHIEM (Email: nghiemnd@bidv.com.vn; mobile phone: 0918241283).

4. Selection criteria: An organization registering to participate in auctions must meet the criteria specified in Clause 4 Article 26 of the Property Auction Law and the following criteria:

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Selling debt of Khang Hung Company - Hau Giang Branch  

- Having the function of property auction activities.

- Having the minimum operating time of 03 years.

- Having the minimum 03 auctioneers.

- Having the minimum 03 branches/ representative offices.

- Other criteria as required by BIDV-Hau Giang Branch.

5. Registration file included:

- Enterprise legal records.

- Description of capacity and experience.

- Auction letter, other commitments of the auction organization (if any).

- Other records required by BIDV-Hau Giang Branch.

* Note:

- The notice of selection automatically expires in case the auction organization is not allowed to bid under the provisions of law.

- The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) - Hau Giang Branch will issue a written notice of the results to the selected auction organization, units that are not informed of the results are deemed not to have been selected, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) - Hau Giang Branch The bank will not return the file to unselected units./.