BIDV announces the selection of debt auction organizations DOGP

Publish date
22/11/2022

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Bank for Investment and Development of Vietnam., JSC, hereby, announces the selection of assets auction organizations to conduct the auction with the following selection criteria:

1. Information of assets for auction:

- Auctioned property seller: Bank for Investment and Development of Vietnam., JSC (BIDV). Address: BIDV Tower, No. 194 Tran Quang Khai, Ly Thai To Ward, Hoan Kiem District, Hanoi.

- Assets for auction: the debt of Gia Phu Real Estate Co., Ltd  at Truong Son Branch.

- The collateral of the debt of Gia Phu Real Estate Co., Ltd is secured by:

No

Description

1

- The Project name: Apartment, Linh Trung Ward, Thu Duc District, Ho Chi Minh City (Now is Thu Duc City)

- The Location: Land area at 68-72 Le Van Chi street, Linh Trung ward, Thu Duc district, Ho Chi Minh City.

- The Land area: 3,945.50 m2 (land for construction of apartments: 1.689,6 m2)

- Area of building: 21,845.20 m2 (Area of apartment building 20.234,20 m2 not included cellar)

- The number of floors: 15

- The total of apartments: 156 (apartment floor area: 10,153.00 m2)

2

Decision Number 2968/QĐ-UBND May 29, 2020 of the People's Committee of Thu Duc District on payment of compensation, support and resettlement in the construction investment project of upgrading Le Van Chi (Viet Thang) street in Linh Trung ward, Thu Duc district:

- Amount of compensation and support: 4,791,338,150 VND

- Bonus                                                  :        7,500,000 VND

     Total                                                 : 4,798,838,150 VND

- Reserve price for the auction of the debt (temporary value until the end of Nov 15th 2022): VND 304,365,157,795

2. Deadline: Deadline for submission of application is 03 days as from the date when this notice is posted on BIDV’s website www.bidv.com.vn (application documents sent by post are calculated by postmark, provided that it must be received by BIDV within 03 days from the date of this notice)

3. Placefor submission of application documents:

- Bank for Investment and Development of Vietnam JSC – The Loan Workout Center, Floor 7, BIDV Tower, 24 Le Thanh Ton Street, Ben Thanh Ward, Ho Chi Minh City.

- For all the matters, please contact: Mr Tran Minh (Phone number: 028.38233826, email: minht@bidv.com.vn); Mr Ngu Van Dang (Phone number: 0902006650, email: dangnv@bidv.com.vn).

4. Criteria for selection of auction organization:

Auction organizations must meet the criterion specified by Clause 4, Article 56 of the Law on Assets Auction and the other following criteria:

- Having at least 03 auctioneers.

- Having at least 3 years of operation.

- Having at least 03 branches / representative offices (of which the head office has business registration in Hanoi or Ho Chi Minh City).

- Is in accordance with other requirements of BIDV.

5. Application documentsinclude:

- Corporatelegal documents.

- A written description of capacityand experience.

- Price quotation.

- Other commitments of the auction organization (if any).

Note:

- Applicationdocuments areautomatically become invalid in case the auction organization is not permitted to conduct auction in accordance with the laws.

- BIDV issues a written notice of the result to the selected auction organization, those not received such noticeare deemed as not selected, BIDV will not return the documents to the unselected organizations.

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