BIDV Nghe An announces the auction of debts

Publish date
26/11/2019

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Joint Stock Commercial Bank for Investment and Development of Vietnam - Nghe An Branch (BIDV Nghe An) hereby announces the auction of debts with the following details:

1. Information of the debt

- Customer name: Petro Vietnam - Nghe An Investment and Trading Joint Stock Company (PVIT)

- Address:  23 - 24 Floor, Petro - Nghe An Building, No. 7 Quang Trung Street -Vinh City - Nghe An Province

- Legal Representative: Mr. Tran Luong Son - General Director

- Business Registration Certification no. 2900872462 issued by Nghe An Authority For Planning and Investment, fifteenth amendment on 04 July 2019

- The total outstanding as of 26 November 2019: VND 76.721.158.256 (In words: Seventy six billion, seven hundred and twenty one million, one hundred and fifty eight thousand, two hundred and fifty six Vietnamese dong)

- Collateral: Petro - Nghe An  Building according to the mortgage agreement No. 01/2011/BIDV-PVFC on 12 November 2011 between Petro Vietnam - Nghe An Investment and Trading Joint Stock Company (PVIT) and PVFC Thanh Hoa (PVCombank in present) (Collateral in BIDV Nghe An is offices for rent occupying 8 floors of the building, from 15th floor to 22nd floor, area 733m2/floor)

2. Auction information:

2.1. Starting price: VND 76.721.158.256 (In words: Seventy six billion, seven hundred and twenty one million, one hundred and fifty eight thousand, two hundred and fifty six Vietnamese dong)

The above price does not include the costs associated with the transfer of ownership/use of property, registration fees and other costs (personal income tax, fees, notary fees ...) When buying assets, these costs are borne by the auction winners.

2.2. Deposit: VND 7.600.000.000 (In words: Seven billion, six hundred million Vietnamese dong) shall be placed no later than 03 (three) working days prior the auction day to the account of National Auction Partnerships Company according to the information below:

- Account name: National Auction Partnerships Company

- Account number: 427.10.00639939.9 at Joint Stock Commercial Bank For Investment and Development of Vietnam - Quang Minh Branch

2.3. Time and place for reviewing property:

From the date of notification to 2 days prior the auction day (during office hours) at Head office of National Auction Partnerships Company, Address: No. 71, Lane 125, Tan Xuan Street, Tan Xuan 1 Quarter, Xuan Dinh Ward, Bac Tu Liem District, Hanoi or Head office of BIDV Nghe An Branch, Address: BIDV Nghe An Building – VI.I.Lenin Avenue – Hung Dung ward - Vinh City - Nghe An Province.

2.4. Auction forms and auction methods:

Direct auction by secret ballot at the auction with ascending price method.

2.5. Time and place of auction: At 10:00, 13 December 2019 at Head office of National Auction Partnerships Company, Address: No. 71, Lane 125, Tan Xuan Street, Tan Xuan 1 Quarter, Xuan Dinh Ward, Bac Tu Liem District, Hanoi.

3. Contact information

- National Auction Partnerships Company, Address: No. 71, Lane 125, Tan Xuan Street, Tan Xuan 1 Quarter, Xuan Dinh Ward, Bac Tu Liem District, Hanoi (Contact: Mr. Nguyen Sinh Tu, Mobile: 0932.369.866)

- Joint Stock Commercial Bank For Investment and Development of Vietnam - Nghe An Branch, Address: BIDV Nghe An Building – VI.I.Lenin Avenue – Hung Dung ward - Vinh City - Nghe An Province (Contact: Mr. Nguyen Duy Chau, Mobile: 0989.794.763)

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