The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) - Bac Hanoi Branch announces auction the auction of assets as follows:

1. Auctioned debt: The debt of Viet Hai Petroleum Trading One Member Limited Company at BIDV Bac Ha Noi Branch (hereinafter referred to as “The Debt”), including the principal and interest as of debt transaction date.

(Total debt principal and interest as of 3 February 2020: VND 32,286,219,790; in particular: debt principal is VND 17,070,096,890; interest is VND 14,940,391,674; penalty fee is VND 275,731,226).

- Collateral:

+ Properties formed by investment in project of “Hai Duong Gas Filling Station”, including: fabrics, facilities.

+ Properties associated with land including gas filling firm, warehouse, gas tanks at Hai Duong Gas Filling Station.

+ 90.065 gas cylinders;

+ 2 Toyota Innova and Ford Everest cars

+ 6 automobiles: 2 Toyota Innova and 4 KIA

+ 5 KIA trucks.

+ Land use right and ownership of houses at Citizen Group 8, Tran Thanh Ngo Ward, Kien An District, Hai Phong City.

+ Land use right and ownership of houses at No. 10, Alley 30, Dien Bien Phu Street, May To Ward, Ngo Quyen District, Hai Phong City.

+ 406.325 shares issued by Viet Hai Shipping and Real Properties Corporation deposited at Saigon Securities Incorporation held by Mr. Nguyen Duy Hung.

+ Stakes subscribed by Viet Hai Real Properties Corporation to Viet Hai Petroleum Trading One Member Limited Company.

+ Viet Hai Shipping and Real Properties Corporation (the ultimate holding company) hereby undertakes to pay the said loan on behalf of Viet Hai Petroleum Trading One Member Limited Company in the event that such company fails to fulfill its repayment obligation at the maturity date in accordance with Guarantee Contract No. 2010/1726901/HĐBL dated 27 August 2010 by Viet Hai Shipping and Real Properties Corporation and Bank for Investment and Development of Vietnam – Bac Ha Noi Branch.

2. Auctioned debt belonged to: Joint Stock Commercial Bank for Investment and Development of Vietnam

Address: 35 Hang Voi, Hoan Kiem District, Ha Noi.

3. Auction institution: Truong Thinh Auction Partnerships Company

Address: 46 Street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City.

4. Reserve price: VND 29,057,597,811 (In words: Twenty nine billion, fifty seven million, five hundred ninety seven thousand, eight hundred and eleven dongs).

5. Deposit: 2,905,759,781 dongs (In words: Two billion, nine hundred and five million, seven hundred fifty nine thousand, seven hundred eighty one dongs) accounting four 10% of the reserve price.

6. Fee of the auction dossier: VND 500,000/set.

7. Time and place for selling records and receiving auction dossier: From the date of posting the debt auction to 05:00 p.m. on 23 March 2020 at the head office of Truong Thinh Auction Partnerships Company, at BIDV  Debt Workout Center – Address: 19th Floor, Tower A VinCom, no. 191 Ba Trieu St, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi City and at BIDV Bac Ha Noi Branch, Corporate Banking Department 2  – Address: 137A Nguyen Van Cu St, Ngoc Lam Ward, Long Bien District, Ha Noi City – Contact phone: 028.62762586.

8. Time and place of debt consideration: From the date of posting the debt auction to 05:00 p.m. on 23 March 2020 at the head office of Truong Thinh Auction Partnerships Company, at BIDV Debt workout center – Address: 19th Floor, Tower A VinCom, no. 191 Ba Trieu St, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi City and at BIDV Bac Ha Noi Branch, Corporate Banking Department 2  – Address: 137A Nguyen Van Cu St, Ngoc Lam Ward, Long Bien District, Ha Noi City.

9. Deadline for deposit: During office hours on 23 to 25 March 2020, unless otherwise agreed by the auction institution and participants but before the opening of the auction.

Organizations and individuals eligible to participate in the auction submit a valid bidding dossier and pay deposit to Truong Thinh Auction Company as prescribed.

10. Time, location of auction: At 14:00 p.m. on March 26th, 2020 at BIDV Debt workout center – Address: 19th Floor, Tower A VinCom, no. 191 Ba Trieu St, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi City.

11. Auction form: Oral auction.

12. Auction method: Ascending price auction.