RELEASED DATE 26 Dec 2022
1. Auction organization: Minh Phap Auction Partnership Company. Address: 151 Tran Huy Lieu street, Ward 8, Phu Nhuan District, Ho Chi Minh City.
2. The person having the auctioned property: Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). Address: BIDV Tower, No. 194 Tran Quang Khai, Ly Thai To Ward, Hoan Kiem District, Hanoi City.
3. Information about auctioned property: According to the Certificate of Land Use Rights Ownership of houses and other land-attached assets No. CE 954358, number in the certificate of issuance: CT-59731 issued by the Department of Natural Resources and Environment of Ho Chi Minh City, issued to Sai Gon Foreign Trade Mineral coal Limited Company on December 28th, 2016, specifically as follows:
a. Land use rights
- Parcel of land: 22 Map sheet No. 7
- Address of land: No 5 Kinh Duong Vuong Street, Ward 12, District 6, Ho Chi Minh City.
- Area: 1,136 m2 (In words: One thousand one hundred thirty-six square metres).
- Form of use: Private area.
- Purpose of use: Commercial and service land (construction of office buildings and pharmaceutical business centers).
- Expiry date: Until 10/07/2058.
- Origin of use: Receive land transfer, have land use right recognized as the State allocates land with collection of land use levy. Decision No. 2971/QD-UBND dated 10/7/2008 of the City People's Committee.
b. The property attached to land
Construction Area (m2)
* Note: This Certificate of Land Use Rights Ownership of houses and other land-attached assets were issued by transfering according to the application No. 019967.CN, replacing Certificate of Land Use No. T00702 dated August 18th 2008 issued by the Department of Natural Resources and Environment of Ho Chi Minh City, registration of change of land-attached assets on October 18th 2016 and registration for transfering on November 23rd 2016 at Ho Chi Minh City Land Registration Office.
- Old address: No. 387 Kinh Duong Vuong Street, Ward 12, District 6.
* Pay attendtion
- One day before the date of opening the auction, the guarantor has the right to receive the property back if it fully fulfills obligations towards the secured party and pays the expenses incurred due to the late performance of the obligation. The Joint Stock Commercial Bank for Investment and Development of Vietnam, Minh Phap Auction Partnership Company will stop the asset auction and refund the application fee and deposit to the auction registrant (if any) without compensation for any other expenses.
- Property is auctioned according to actual situation. Auction participants are given the opportunity to consult all legal records of the property, view the property and take full responsibility for the decision to purchase the property. In case the actual area is different from the certificate, the auction winner must contact the competent state agency to issue and change the certificate, bear all related costs and commit not to complaints, disputes, lawsuits on this issue.
4. Starting price: 99.953.518.272 VND (In words: Ninety nine billion, nine hundred and fifty three million, five hundred and eighteen thousand, two hundred and seventy two VND). The starting price does not include costs related to the transfer of ownership/use of assets, CIT, registration fees, notary fees, registration fees and other costs (if any) when implementing purchase of assets, these costs shall be borne by the auction winner or the property owner as agreed by the parties.
5. Price step: 50,000,000 VND (Fifty million VND).
6. Pre-order money, money to buy records
- Deposit (10%): 9.995.351.827 VND (In words: Nine billion, nine hundred and ninety five million, three hundred and fifty one thousand, eight hundred and twenty seven VND).
- Money to buy documents to participate in the auction: 500,000 VND (In words: Five hundred thousand VND).
7. Time and place to view auctioned assets
- Property viewing time: From 8:30 AM on Decmeber 21st 2022 to 4:00 PM on January 3rd, 2023.
- Location of property viewing: No. 5 Kinh Duong Vuong Street, Ward 12, District 6, Ho Chi Minh City.
8. Time, place, conditions, how to register to participate in the auction
- Time to sell auction documents, receive auction participation documents (during office hours): From 8:30 AM on Decmeber 21st 2022 to 4:00 PM on January 3rd, 2023.
- Time to receive pre-booked money (during office hours): From 08:30 AM on January 3rd, 2023 to 4:00 PM on January 5th, 2023.
- Place of sale and receipt of registration documents for auction: At the headquarters of Minh Phap Auction Partnership Company (No. 151 Tran Huy Lieu Street, Ward 8, Phu Nhuan District, Ho Chi Minh City).
- Conditions for registration of participation: Individuals and organizations with financial need and ability may participate in registration, except for the cases specified in Clause 4, Article 38 of the Law on Property Auction No. issued on November 17, 2016.
- How to register: Apply directly at 151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City.
9. Time and place of auction
- Auction time (during office hours): At 10:30 AM on January 6th, 2023.
- Auction venue: At the headquarters of Minh Phap Auction Partnership Company - No. 151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City.
10. Auction form, auction method
- Auction form: Direct verbal bidding at the auction.
- Auction method: Bidding method up.
11. Contact address: Customers wishing to buy properties or have questions or complaints related to auctioned properties, please contact:
Headquarter: 151 Tran Huy Lieu Street, Ward 8, Phu Nhuan District, Ho Chi Minh City.
Phone: 028.38453169 - 38453249 Fax: 028.38453363