JSC Bank for Investment and Development of Viet Nam – Bac Kan Branch (BIDV Bac Kan) would like to announces the selection of debt auction organization as follows:

1. Information of  Debt:

- Customer Name: PHUC LOC LIMITED LIABILITY COMPANY.

- Address: Nhu Co commune, Cho Moi district, Bac Kan City, Bac Kan Province.

- Total outstanding as of 30 June 2020: VND 109.826.078.948.00, particularly:

+ Principal: VND 45.651.164.615

+ Interest: VND 64.174.914.333

Starting price: VND 45.651.164.615

2. Time for submission:

The deadline for direct application submission is 07 days from the date of notification (date of documents submitted by post shall be determined by postmark but must be delivered to BIDV Bac Kan no later than 10 days from the date of notification).

3. Place for submission:

-  Debt Management Division,  BIDV Bac Kan Branch; Address: No. 57, Truong Chinh street, Duc Xuan district, Bac Kan city, Bac Kan province.

- Contact person: Ha Phuong Nga (Email: ngahp@bidv.com.vn; Mobile Phone No: 0903262886).

4. Selection criteria:

Organizations registering to participate in auction must meet the criterion specified in Clause 4, Article 56 of the Law on Property Auction and the following criteria:

- Having legally property auction function.

- Having at least 3 years of operation.

- Having at least 03 auctioneers.

- Having at least 03 branches / representative offices.

- Reasonable auction costs and remuneration for auction services.

- Other criterion stated by the authorized entity.

5. Application documents:

- Enterprise legal document.

- Enterprise capacity and experience profile.

- Quotation and other commitments of auction organization (if any).

- Other profiles according to the Branch’s requirements.

 (Notes: This notification automatically becomes invalid in case  auction organizer is not permitted to conduct the auction in accordance with the laws.

BIDV Bac Kan shall send a written notice of the result to the selected auction organization; Those who have not been informed of the results are deemed unsuccessful. We do not return the application of unselected organizations)