BIDV announces selection of asset auction organization

Publish date
13/11/2019

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The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) would like to announce the selection of asset auction organization under the following criteria:

1. Information of assets for auction:

- Auctioned property seller: BIDV addressed at No. 35 Hang Voi, Hoan Kiem, Hanoi

- Assets for auction: the debt of Thanh An An Co., Ltd at Quang Trung Branch.

- The debt of Thanh An An Co., Ltd is secured by 30 land use rights at 13E Phong Phu Commune, Binh Chanh District, Ho Chi Minh City that are under the ownership of Thanh An An Co., Ltd.

- Reserve price for the auction of the debt: 115,400,000,000 VND (in words: One hundred and fifteen billion, four hundred million Vietnam dongs)

2. Criteria for the selection of auction organization:

Auction organizations must meet the criteria specified by Clause 4, Article 56 of the Law on Assets Auction and the other following criteria:

- Having at least 03 auctioneers.

- Having at least 3 years of operation.

- Is in accordance with other requirements of BIDV

3. Deadline: Deadline for submission of application is 07 days as from the date when this notice is posted on BIDV’s website (application documents sent by post are calculated by postmark, provided that it must be received by BIDV within 7 days from the date of this notice)

4. Place for submission of application documents:

- BIDV – Debt workout center , 19th Floor, Tower A VinCom, 191 Ba Trieu, Hai Ba Trung, Hanoi

- For all the matters, please contact Mr. Le Huy Kien (Phone number: 0947907554; Email: kienlh@bidv.com.vn).

5. Application documents include:

+ Corporate legal documents.

+ A written description of capacity and experience.

+ Price quotation.

+ Other commitments of the auction organization (if any).

Note:

- Application documents are automatically become invalid in case the auction organization is not permitted to conduct auction in accordance with the laws.

- BIDV issues a written notice of the result to the selected auction organization, those not received such notice are deemed as not selected, BIDV will not return the documents to the unselected organizations.

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