BIDV Thai Nguyen announces the selection of asset auction organization

Publish date
14/09/2021

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The Joint Stock Commercial Bank for Investment and Development of Vietnam – Thai Nguyen Branch (BIDV Thai Nguyen) hereby announces the selection of asset auction organization as follows:

1. Debt information:

- Debt sale demand: Debt of Thao Huyen Trading and Investment Joint stock company.

- Name and address of debtor:

+ Name: Thao Huyen Trading and Investment Joint stock company.

+ Address: No.249, CMT8 Street, Thai Nguyen City, Thai Nguyen Province.

- Reserve price of debt: 22,606,782,466 VND (excluding VAT)

(In words: Twenty two billions six hundred and six million seven hundred and eighty two thousand four hundred and sixty six Vietnamese dong ./.)

- Security measures for the debt:

+ Mortgage Contract of assets formed in the future no. 01/2016/5944792/HDBD signed on December 20,2016 between BIDV and Thanh Trung Construction and Structural Steel Joint Stock Company

+ Asset includes: 01 two-floor working house, 01 steel frame factory, garden, surrounding wall, address at Km19, National road 3, Phu Lo commune, Soc Son district, Ha Noi

+ Owner: Thanh Trung Construction and Structural Steel Joint Stock Company

2. Deadline for application submission:

The deadline for direct application submission is 05 days from the date of notification (date of documents submitted by post shall be determined by postmark but must be delivered to BIDV Thai Nguyen no later than 07 days from the date of notification).

3. Place of submission:

- Joint Stock Commercial Bank for Investment and Development of Vietnam – Thai Nguyen Branch. Risk Management Department.

Address: No.653, Luong Ngoc Quyen St., Thai Nguyen City, Thai Nguyen Province.

- Contact person: Mr. Duong The Quang (email: quangdt@bidv.com.vn; mobile: 0977.234.998).

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 Thai Nguyen 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.

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