BIDV announces the debt auction of Truong Phat Company

Publish date
21/05/2020

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1. Auctioned property:

- Borrower: Truong Phat Trading and Service JSC; Address: number 2B1, Lane 140, Doi Can street, Doi Can ward, Ba Dinh district, Hanoi, Vietnam; Representative: Mr. Nguyen Minh Thong; Business registration certificate number 102998725 issued by Department of Planning and Investment of Hanoi

- Lender: BIDV Quang Trung Branch

- Auctioned debt: principle and interest remaining by the date of purchase

Total outstanding as of 29 Feb 2020 is: VND 104,861,703,015; including VND 76,531,084,881 of principle, VND 19,171,321,545 of interest, VND 9,159,296,589 of over-due debt.

- Collateral:

+ Land use rights, land area of ​​2,832m at No. 2-4 Doi Nhan street, Vinh Phuc ward, Ba Dinh district, Hanoi city according to the certificate of land use right, ownership  of houses and other properties attached to land issued by the Department of Natural Resources and Environment of Hanoi on 14 Aug 2014 for International Project Investment Consultancy Joint Stock Company, enterprise’s code: 0101125527.

+ CHM A4-4 paper production line and Automatic Packing Machine

- Property Auction Organizer: Ben Thanh Partnership Auction company; address: 336 An Duong Vuong street, Ward 4, District 5, Ho Chi Minh City

- Property’s owner: Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). Address: 35 Hang Voi street, Hoan Kiem district, Hanoi

- Starting price: VND 105,656,000,000

The starting price does not include VAT and other costs associated with the transfer process. All costs related to the process of transferring, ownership of assets such as taxes, fees and charges, etc. (if any) shall be borne by the Purchaser

- Deposit: VND 10,565,500,000

- Price of document application: VND500,000/set

2. Time and place for submitting the application: During working hours from the public posting of property auctions to 17:00, 8 June 2020 in at Ben Thanh Auction Partnership Company (located at room 403, 4th floor, Ocean Park building, No. 01 Dao Duy Anh, Phuong Mai, Dong Da, Hanoi) and the headquarters of BIDV Debt Workout Center (located at 19th Floor, A Tower, 191 Ba Trieu, Hai Ba Trung District, Hanoi). 

3. Time and place for placing deposit: During working hours on 08, 09, 10 June 2020 to Ben Thanh Auction Company bank account.

4. Time and place for reviewing property: During office hours on 08, 09 June 2020 at Ben Thanh Auction Partnership Company - Hanoi Branch (located at room 403, 4th floor, Ocean building  Park, No. 01 Dao Duy Anh, Phuong Mai, Dong Da, Hanoi). 

5. Time and place of the auction: At 09:30 on 11 June 2020 at Ben Thanh Auction Partnership Company - Hanoi Branch (located at room 403, 4th floor, Ocean building  Park, No. 01 Dao Duy Anh, Phuong Mai, Dong Da, Hanoi). 

6. Type of auction: Direct secret ballot auction with ascending price.

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