BIDV annouces the debt auction of Truong Phat JSC

Publish date
02/11/2020

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1. Auctioned property: Joint Stock, Trading and Service company of Truong Phat at BIDV Quang Trung branch (shall be called “debt” from now on), including all of the base residual debt and the interested residual  debt that has been added up until the debt-selling deal happens.

1.1 Debt information:

a) Debt owner: Joint Stock, Trading and Service company of Truong Phat

b) Address: number 2B1, Lane 140, Doi Can street, Doi Can ward, Ba Dinh district, Hanoi, Vietnam

c) Representative: Mr. Nguyen Minh Thong

d) Business registration certificate number 102998725 licensed by Department of Planning and Investment of Hanoi

e) Debt value: all of the base residual debt, interest of Truong Phat company at Quang Trung branch to the deal time( 29/02/2020) is: 104.861.703.015 VND, including 76.531.084.881 VND of principal, due interest:  19.171.321.545 VND, over-due debt: 9.159.296.589 VND.

1.2 Measures of securing debt payment obligations of the debtor for the Debit include the following security transactions:

- Security of 834m Land use right in the total 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  own houses and other properties associated with the BT land licenced by the Department of Natural Resources and Environment of the city of Hanoi on 14/8/2014 in the ownership of International Project Investment Consultancy Joint Stock Company, enterprise’s code: 0101125527

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

2. Property Autioning Organiser: Ben Thanh Partneship Auction company-address: 336 An Duong Vuong street, 4th ward,5th district, Ho Chi Minh City

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

4. Starting price: 95.700.000.000 VND (Ninety five billion and seven hundred million dong)

The starting price does not include the costs related to the transfer of ownership of property, registration fee and other expenses (if any) when making a Loss Loss, these costs are won by the auction winner. The Debt purchase and sale is not subject to VAT.

5. Deposit: 9.570.000.000 VND (Nine billion and five hundred seventy million dong).

Price of application document: 500.000 VND/set (five hundred thousand dong)

6. Time and place for reference of dossiers and receipt of dossiers for auction participation: Within the working hours from the public posting of property auctions to 17:00 on November 20th, 2020 in Hanoi Branch of Ben Thanh Auction Partnership Company (located at room 403, 4th floor, Ocean Park building, No. 01 Dao Duy Anh street, Phuong Mai ward, Dong Da district, Hanoi) and the headquarters of BIDV Debt Settlement Center (Address at 19th Floor, Thap A Tower, 191 Ba Trieu street, Hai Ba Trung District, Hanoi). 

7. Time for making advance payment: Submit in working hours on 18, 19, 20/11/2020, to Ben Thanh Auction Company Account, except for the auction of property and participants Auction has other deal.

- Auction participant who fully meets the conditions prescribed by law and regulations on property auction issued by the company shall submit a valid auction participation dossier and advance payment at the prescribed time and place.  . 

8. Time and place to see property records: During office hours on 10, 11/11/2020 at Hanoi Branch Ben Thanh Auction Partnership Company (address at room 403, 4th floor, Ocean Park building, No. 01 Dao Duy Anh street, Phuong Mai ward, Dong Da district, Hanoi). 

9. Time and venue for the auction: At 10:00 on November 23th, 2020 at Hanoi Branch of Ben Thanh Auction Company - room 403, 4th floor, Ocean Park building, No. 01  Dao Duy Anh street, Phuong Mai ward, Dong Da district, Hanoi. 

10. Auction form: Auction by direct voting at auction. 

11. Auction method: Bid up.

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