BIDV looks for debt buyers

Publish date
08/05/2020

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Joint Stock Commercial Bank for Investment and Development of Vietnam - Long Bien Hanoi Branch (BIDV Long Bien Hanoi) announces the search for debt buyers as follow:

1. Information of debt:

- Customer information:

+ Name: Construction Building No. 507 Joint Stock Company

+ Add: A28/D11 New Urban Area Cau Giay, Dich Vong Hau ward, Cau Giay district, Ha Noi city

- Value of the debt as of 1 May 2020 is VND59.355.330.514 (In words: Fifty nine billion, three hundred fifty five million, three hundred thirty thousand, five hundred fourteen Vietnamese dongs), in particular:

+ Principal: VND31.870.000.000

+ Accrued interest and penalty interest: VND27.485.330.514

+ Collateral: Receivable rights arise from the project of constructing the embankment and the infrastructure of a new urban area between the embankment line and the sea route of Cao Xanh - Ha Khanh A, B, C, D (Phase I)

2. Deadline for application submission:

The deadline for direct application submission is 10 working days from the date of notification (date off documents submitted by post shall be determined by postmark, but must be delivered to BIDV Long Bien Ha Noi no later than 12 working days from the date of notification).

3. Target participants:

Organizations and individuals whose demand and financial capability may register to participate, except for cases in which debt purchase is not allowed under the provisions of law.

Conditions to buy debt:

+ For individuals:
• Official letter of debt purchase demand registration
• Identity card / Passport / Citizen identity

+ For organizations:
• Official letter of debt purchase demand registration
• Business Registration Certificate / Establishment Decision;
• Identification papers of the legal representative.

5. Contact info:

- Joint Stock Commercial Bank for Investment and Development of Vietnam – Long Bien Ha Noi Branch, Corporate Banking department 2

- Address: No. 137A Nguyen Van Cu St, Ngoc Lam Ward, Long Bien District, Ha Noi

- Contact: Mr Nguyen Phi Ho – Corporate Banking department 2; Phone number: 0969.866.799; E.mail: honp@bidv.com.vn

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