BIDV announces the auction of the debt of Viet Nga Steel Co., Ltd.

Publish date
07/07/2021

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The Joint Stock Commercial Bank for Investment and Development of Vietnam would like to announce the debt auction with specific information as follows:

1. Debt auction organization: Thang Loi Auction Company.

- Head office: 4th Floor, Times Tower, 35 Le Van Luong Street, Nhan Main Ward, Thanh Xuan District, Hanoi City.

2. Units with auction assets: Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV)..  

 - Address: No. 35 Hang Lime Street, Ly Thai To Ward, Hoan Kiem District, Hanoi City.

3. Time and place of the auction:

- Time: At  14:00  on  July 26,  2021.

- Location: Room 11.04 Floor 11, IPC Office Building, 1489 Nguyen Van Linh Street, Tan Phong Ward, District 7, Ho Chi Minh City.

4. Debt  name, debt information:

4.1 Name of debt: Debt of Viet Nga Steel Co., Ltd. at Joint Stock Commercial Bank for Investment and Development of Vietnam - Ba Thang Hai Branch (hereinor referred to as "Debt"), including all principal and interest outstanding debts in result of the sale of debts.

4.2 Debt information:

a) Name of the debtor: Viet Nga Steel Co.,Ltd.

b) Address: Lot B081 – 082, Road No. 01, Duc Hoa 1 Industrial Park, Duc Hoa Dong District, Long An Province.

c) Legal representative: Dinh Thai Binh - Position: Director.

d) Business registration certificate No. 1100728443 issued by Department of Planning and Investment of Long An province for the first time on June 1, 2006, registering the 9th change on August 14, 2014.

e) Total outstanding balance of the loanas of July 2, 2021 is: VND 475,020,762,451. including: Principal balance  VND 266,930.922,654;  Interest balance, late payment penalty fee: VND 208,089,839,797 (under Credit Contract between Viet Nga Steel Co., Ltd. and BIDV – Ba Thang Hai Branch and credit contract appi additions, documents amending and supplementing credit contracts).

g) Measures to secure the debtor's payment obligations for the Debt

+ Land use rights, ownership of houses and other properties attached to land at parcel 225,226, Map No. 41, address C12/20A Hamlet 3 Tan Kien Commune, Binh Chanh District Ho Chi Minh City. According to the Certificate of Land Use Rights, ownership of houses and other properties attached to land No. BA 399344 issued by ho Chi Minh City People's Committee. Ho Chi Minh City issued on August 30, 2011 is owned by Long An Metal And Gas Joint Stock Company. Notarized contract dated October 24, 2015 at notary office Tran Trung Dung HCMC; registered for secured transactions on October 30, 2015 at the head office of the land registration office in Ho Chi Minh City.

+ Factory at land parcel No. 604, map no. 41, No. C12/15E Hamlet 3 National Highway 1A, Tan Kien Commune, Binh Chanh District, Ho Chi Minh City. According to the Certificate of Ownership of Construction Works No. 797852761600102 by Binh Chanh District People's Committee, Ho Chi Minh City. Ho Chi Minh City was issued on March 9, 2009 owned by Ms. Le Thi Huong Giang. According to mortgage contract No. 2332/2015/1285277/HDBĐ on October 24, 2015.

+ Land use rights and workshops at land parcel No. 4495, Labor No. 3, address C12/15A Hamlet 3 National Highway 1A, Tan Kien Commune, Binh Chanh District, Ho Chi Minh City. According to land use right certificate No. AB 061441, in the land use right license book No. 00107/1a on January 26, 2005 and The Certificate of Ownership of Construction Works No. 797852761600303 by the People's Committee, Binh Chanh District, Ho Chi Minh City. Ho Chi Minh City was issued on March 20, 2009 owned by Ms. Le Thi Huong Giang. According to mortgage contract No. 2279/2015/1285277/HDBĐ on October 24, 2015. November 2, 2015

+ Land use right at land parcel No. 4377, map No. 3, in Tan Kien commune, Binh Chanh district, Ho Chi Minh City. According to the Land Use Right No. 556296, in the land use right grant book No. 00078/1a QSDĐ/4429/UB issued by ho Chi Minh City People's Committee. Ho Chi Minh City issued on December 15th 2000 owned by Long An Metal And Gas Joint Stock Company. August 2, 2014November 2, 2015

+ Land use rights, ownership of houses and assets attached to land at land plot No. 17, map sheet No. 67 (BD-2005), address: 202/5 Hoang Van Thu, Ward 02, Tan District Binh, Ho Chi Minh City. Ho Chi Minh City according to the Certificate of land use rights, ownership of houses and other land-attached assets No. BL937076, certificate number CH01208 issued by Tan Binh District People's Committee on February 27, 2013 owned by Mr. Dinh Hong Minh. According to mortgage contract No. 2423/2015/1285277/HDBD dated 2/8/2014. Notarized contract dated August 2, 2014 at Notary office No. 2 HCMC; registered for secured transactions on August 5, 2014  at the head office of the land registration office in Tan Binh District.

+ Right to sleasing QSD at Lot B081 – 082, Road No. 01, Duc Hoa 1 Industrial Park, Duc Hoa District, Long An and Factory at Lot B081 – 082, Road No. 01, Duc Hoa 1 Industrial Park, Duc Hoa District, Long An under Land Use Right Certificate No. W 536131, number in the issuance book of GCN QSDĐ/0717-LA issued by The Department of Natural Resources and Environment of Long An province on April 14, 2003 and the Certificate of Ownership of construction works No. 80802798218204 on August 21, 2007 issued by Long An Department of Construction. According to mortgage contract No. 524/2010/HD on March 10, 2010. June 28, 2010 atat the head office of the land registration office of Long An province.

6. Starting price, reservation, purchase price and price step:

Starting price

: VND 475,020,762,451 (In words: Four hundred and seventy-five billion zero hundred twenty million seven hundred and sixty-two thousand four hundred and fifty-one dong).

Reservations

: 47,502,076,000 (forty-seven billion five hundred and two million zero hundred and seventy-six thousand dong).

Money for purchase of records

: VND 500,000 (Five  hundred thousand dong)/  01 set of documents.

Price step

: VND 100,000,000    (One hundred million dong) /  1 bid.

Note: The above starting price does not include other taxes, fees and financial obligations payable in accordance with regulations related to the transfer of the right to use and own assets paid by the buyer of the property.

5. Form of auction:   Direct speaking auction, auction with no limit on the number of rounds..

6. Auction method: Method of bid up.

7. Time, place, conditions and method of registration for participation in auction:

- Time to register for auction and submit dossier: From the date of notification to 16:30 on July 23,  2021.

- Location for selling dossiers, submitting applications for participation in auction: Headquarters of Thang Loi Auction Company 4th Floor, Times Tower, 35 Le Van Luong Street, Nhan Nhan Ward, Thanh Xuan District, Hanoi City or at Room 11.04 Floor 11, IPC Office Building, 1489 Nguyen Van Linh, Tan Phong Ward, District 7, Ho Chi Minh City

- Time and location for viewing debt documents: July  15,  2021 and  July 16,2021 at Thang Loi Auction Company Headquarters on the 4th floor, Times Tower, 35 Le Van Luong Street, Nhan Nhan Ward, Thanh Xuan District, Hanoi City or at Room 11.04, 11th Floor, IPC Office Building, 1489 Nguyen Van Linh Street, Tan Phong Ward, District 7, Ho Chi Minh City or at 24 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City.

- Pre-payment period: On  July 21, 2021 ; July 22,2021; ends July 23, 2021 at 16:30. Pre-deposit by bank transfer to account No. 14710000608713  at BIDV - Ba Thang Hai Branch. Account name:  Ho Chi Minh City Branch - Thang Loi Partnership Auction Company.

- How to register to participate in the auction: Customers go directly to the place where the dossier is sold for reference, purchase and submit the application for participation in the auction.

8. Subjects, conditions for participation in auctions: All organizations and individuals that fully meet the conditions specified in Article 38 of the Law on Property Auction 2016, accept the starting price and comply with the asset auction regulations set by the Company. issued by Thang Loi Auction Partnership may participate in asset auctions (except for the case specified in Clause 4, Article 38 of the Property Auction Code No. 01/2016/QH14 dated November 17, 2016).

Customers wishing to buy the above assets invite to contact:  Thang Loi Partnership Auction Company. Head Office:       4th Floor, Times Tower, 35 Le Van Luong Street, Nhan Main Ward, Thanh Xuan District, Hanoi City or at the head office of Ho Chi Minh City Branch - Thang Loi Price Company, Room 11.04 Floor 11, IPC Office Building, No. 1489 Nguyen Van Linh, Tan Phong Ward, District   7, Ho Chi Minh City.

We invite organizations and individuals that meet the conditions and needs to register for participation in auctions.

Note: This article in place of an invitation.

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