Joint Stock Commercial Bank for Investment and Development of Vietnam – Long An Branch (BIDV Long An) announces the auction organization selection as follows:

1. Information of debt:

1.1 Customer’s name: Cong Binh Company Limited.

- Address: Binh Hoa Hamlet, Binh Tinh Commune, Tan Tru District, Long An Province.

- Legal representative/Director: Mr. Phan Cong Binh.

- Total outstanding as of 30 June 2019: VND188,335,969,445, particularly:

+ Principal: VND152,335,000,000

+ Accrued interest: VND36,000,969,445

 1.2. Securities:

- Land use right according to Certificate No.BD 842781 issued by People's Committee of Tan Tru District on 10 November 2010; Area: 682.5 m2; Add: Binh Hoa hamlet, Binh Tinh commune, Tan Tru district, Long An province.

- Land use right according to Certificate No.BD 842780 issued by People's Committee of Tan Tru District on 10 November 2010; Area: 1003.7 m2; Add: Binh Hoa hamlet, Binh Tinh commune, Tan Tru district, Long An province.

- Land use right according to Certificate No.BY 749137 issued by People's Committee Tan Tru District on 10 November 2010; Area: 4050.1 m2; Add: Binh Hoa Hamlet, Binh Tinh Commune, Tan Tru district, Long An province.

- Land use right according to Certificate No.BY 749135 issued by People's Committee of Tan Tru District on  7 May 2015; Area: 1520.3 m2; Add: Binh Hoa Hamlet, Binh Tinh Commune, Tan Tru district, Long An province.

- Land use right according to Certificate No.BU 282701 issued by People's Committee of Tan Tru District on 16 June 2014; Area: 300 m2; Add: Binh Hoa Hamlet, Binh Tinh Commune, Tan Tru district, Long An province.

- Land use right according to Certificate No.BY 749509 issued by People's Committee of Tan Tru district on 27 May 2015; Area: 2200 m2; Add: Binh An Hamlet, Binh Lang Commune, Tan Tru District, Long An province.

- Land use right according to Certificate No.CD 843469 issued by Department of Natural Resources and Environment of Long An Province on 21 March 2016; Area: 13820 m2; Add: Binh Tinh Commune, Tan Tru district, Long An province.

- Land use right according to Certificate No.AH 066957 issued by Department of Natural Resources and Environment of Long An province on 4 January 2007; Area: 2989 m2; Add: Binh Tinh commune, Tan Tru district, Long An province.

- Construction works on land according to Certificate of construction work ownership No. 808052809904401 issued by The People's Committee of Long An Province on 13 June 2007 (Office building area: 98.28 m2; Factory: ​​1,720.35 m2; Add: Binh Tinh commune, Tan Tru district, Long An province)

- THACO Truck according to Registration Certificate No. 006539 issued by Police of Long An Province on 12 January 2016; Plate number: 62C-059.73; Year of manufacture: 2016; Cargo load: 2400 kg.

- Toyota Camry according to Registration Certificate No. 004391 issued by Police of Long An Province on 8 December 2011; Plate number: 62A-006.02.

- The system of specialized wiring, machinery and equipment of rice-milling Cong Binh factory.

1.3. Starting price: VND188,335,969,445 (In words: One hundred and eighty eight billion, three hundred and thirty five million, nine hundred and sixty nine thousand, four hundred and forty five Vietnamese dongs).

2. Time for submission:

The deadline for direct application submission is 07 days from the date of notification (date of documents submitted by post shall be determined by postmark but must be delivered to BIDV Debt Workout Department no later than 09 days from the date of notification).

3. Place of submission:

- Vietnam Joint Stock Commercial Bank for Investment and Development - Long An Branch - Department of Risk Management (No. 140, Hung Vuong, Ward 2, Tan An City, Long An Province).

- Contact person: Ms. Le Thi Thu Hien (email: hienltt4@bidv.com.vn; Phone No.: 0918.781.525).

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.

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 Long An 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 the unselected organization.