Joint Stock Commercial Bank for Investment and Development of Vietnam – Ho Chi Minh City Branch (BIDV HCM) would like to announce the selection of asset auction organization as follows:

1. Information of assets:

- Foton 20 tons truck 72LD-004.10, Model code: BJ5312JSQ, Type: Truck with crane, Seat: 2, Color: Red, Car Registration Certificate No 018343 issued on 24 Oct 2016;

- Starting price: VND1,254,285,000 (In words: One billion two hundred fifty four million two hundred eighty five thousand Vietnam dong)

Note: The price above does not include VAT and expenses related to transfer of ownership/use of assets, relocation of assets, registration fee, notarization fee and other expenses (if any). These expenses shall be borne by auction winners.

2. Bid increment: Minimum VND20,000,000 (In words: Twenty million Vietnam dong)

3. Deposit (10% Starting price): VND125,428,500 (In words: One hundred twenty five million four hundred twenty eight thousand five hundred Vietnam dong).

4. Price of a set of auction documents: VND500,000/1 set

5. Time and location of asset auction:

- Time and place for reviewing property: From 08h30am  on 30 October 2019 to 11h00am, 2 November 2019 at Dai Truong Thinh Service Co., Ltd (K1 Cat Lai 2 Industrial Area, Thanh My Loi Ward, District 2, Ho Chi Minh City)

- Time and place for submitting application: From 08h30am  on 30 October 2019 to 4h00pm, 4 November 2019 (during office hours) at headquarters of Minh Phap Partnership Auction Company (151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City)

- Time and place for placing deposit: From 08h30am  on 30 October 2019 to 4h00pm, 4 November 2019 (during office hours) via wire transfer to the account of Minh Phap Partnership Auction Company No. 31010001012469 opened at BIDV HCMC Branch.

- Time and place to buy auction documents: at headquarters of Minh Phap Partnership Auction Company (151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City) và headquarters of BIDV HCMC Branch (134 Nguyen Cong Tru Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City).

- Conditions of auction participants: Individuals and organizations have demand and financial capacity may participate in the auction, except for the cases specified in Clause 4, Article 38 of the Law on Property Auction No. 01/2016/QH14 issued on 17 November 2016.

- Application submission: Directly at 151 Tran Huy Lieu Street, Ward 8, Phu Nhuan District, Ho Chi Minh City.

6. Time and place of the auction: om 5 November 2019 at headquarters of Minh Phap Partnership Auction Company- 151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City.

7. Bidding methods:

- Direct Auctioning by words at the auction place, unlimited rounds.

- Auction rules: Direct secret ballot auction with ascending price.

8. Contact information:

Minh Phap Partnership Auction Company

Address: 151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City.  

Tel: 028.38453169 - 38453249                     Fax: 028.38453363.