BIDV Tay Saigon announces the selection of debt auction organizations

Publish date
22/11/2022

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1. Debts information

Debts of borrowers at BIDV West Saigon Branch (hereinafter referred to as “Debt”), including all principal balance and outstanding balance of interest and fees.

(Total outstanding balance of temporary debt as of October 31, 2022 is 210,351,972,748 VND, of which principal balance is 193,796,894,146 VND and interest balance is 16,555,078,602 VND).

Property for the debt: under mortage contract No. 01/2018/72433/HĐBĐ dated 28/08/2018, No. 02/2018/72433/HĐBĐ dated 28/08/2018, No. 03/2018/72433/HĐBĐ dated 28/08/2018, No. 01/2020/72433/HĐBĐ dated 31/08/2020, No. 02/2020/72433/HĐBĐ dated 31/08/2020; No. 01/2021/72433/HĐBĐ; 02/2021/72433/HĐBĐ; 03/2021/72433/HĐBĐ; 04/2021/72433/HĐBĐ; dated 04/08/2021, No. 03/2020/72433/HĐBĐ dated 23/10/2020; details in the attached appendix.

2. Period for applying documents:

Period for direct applying documents or by post (according to postmarks): before 5:00 p.m. on November 24, 2022.

3. Location for applying documents:

- Joint Stock Commercial Bank for Investment and Development of Vietnam - West Saigon Branch, Corporate Banking Department No.2.

- Address: Floor 1, No. 70 Lu Gia Street, Ward 15, District 11, Ho Chi Minh City.

- Contact person: Mr. Nguyen Cong Chien (Email: chiennc@bidv.com.vn; Telephone: 0903046312) or Mr. Nguyen Ngoc Lam (Email: lamnn@bidv.com.vn; Telephone: 0939266884)

4. Criterion for choosing:

- Necessary facilities and equipment to secure the auction for the type of asset to be auctioned.

- The auction plan is feasible and effective.

- Competence, experience and reputation of the auction debts organization.

- Remuneration for auction services, appropriate auction costs.

- Being named in the list of auction organizations announced by the Ministry of Justice.

- Have a minimum operating period of 3 years.

- There are at least 03 auctioneers.

5. Registration documents, including:

- Legal document of company.

- Description of company profile, experiences.

- Bidding letter, relevant documents according to Section 4 of this Notice, other commitments of the auction organization (if any).

* Note:

- Registration documents automatically are expired in the case of auction company is not to be appraised according to regulations of Law.

- Joint Stock Commercial Bank for Investment and Development of Vietnam - West Saigon Branch will have documents to notify auction companies to be chosen, Units are not to be notified the results will be considered as failure, Joint Stock Commercial Bank for Investment and Development of Vietnam - West Saigon Branch will not return documents to units not to be chosen.

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