BIDV announces property auction in District 11 HCMC

Publish date
10/05/2021

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1. Auctioned asset:

 Land-use right and assets attached to land under the land plot No 69, Map Folio No 39 (BDDC) is located 17G Phu Tho Hoa residence, Lac Long Quan, Ward 5, District 11, Ho Chi Minh City according to the Certificate of ownership of house and land use right number 70121092388, original file number: 0036/2004 issued by People's Committee of District 11, Ho Chi Minh City on October 5, 2004, specifically as follows:

* House:

- Address: 17G Phu Tho Hoa Residential Area, Lac Long Quan, Ward 5, District 11, Ho Chi Minh City.

- Total usable area: 183.9 m2.

- Construction area: 183.9 m2.

- Structure of the house: Brick wall, tole roof.

- Number of floors: 1.

* Land-use right:

  • Land plot no: 69                              Map sheet no: 39
  • Area: 348 m2 (In words: Three hundred forty eight square meters).
  • Form of use: Own: 348 m2.

-   Note: Property is sold according to actual condition. Currently the house has been dismantled, leaving only walls and partitions. The auction winner is responsible for contacting the competent State agencies to apply for the recognition of the ownership, the right to use, the issuance of the Certificate (if allowed), and bear all related costs. and undertake not to complain, dispute or initiate lawsuits on this issue; The auction winner must comply with the provisions of law on receiving the transfer of property.

2. The auctioned assets belonged to: Vietnam Joint Stock Commercial Bank for Investment and Development - Binh Dien Sai Gon Branch.

Address: 230-232-234 Duong Ba Trac Street, Ward 2, Dictrict 8, Ho Chi Minh City.

3. Auction institution: Truong Thinh Group Auction Partnerships Company

Address: 46, Street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City.

4. Fall-back price: VND 33.955.000.000 (In words: Thirty three billion, nine hundred fifty five million). This price is excluding VAT (if any).

This price does not include costs for transfer of ownership/ use of assets, registration fees and other costs (if any) from buying assets, these costs are paid by the auction winner.  

5. Deposit amount: VND 3.395.500.000 (In words: Three billion, three hundred and ninety five million, five hundred thousand dong) equivalent to 10% of the fall-back price.

6. Money to buy bidding dossier: VND 500,000/dossier.

7. Time and place for selling records and receiving auction dossier: From 08:00 a.m. on 27/4/2021 to 05:00 p.m. on 11/5/2021 at 46 Street No. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City and at BIDV Binh Dien Sai Gon Brand - 230-232-234 Duong Ba Trac Street, Ward 2, Dictrict 8, Ho Chi Minh City. Contact phone: 028.62762586.

8. Time, location, conditions and method of registration for auction:

- Time for registering to participate in the auction: Within the time limit for sale and receipt of asset auction dossiers.

- Conditions for registering to participate in the auction: Individuals and organizations that have the need and financial capability may register to participate in the auction, except for cases specified in Clause 4, Article 38 of the Law on Asset Auction no. 01/2016/QH14 dated November 17, 2016.

-  Location, method of registering to participate in the auction: Customers submit dossiers directly at Truong Thinh Group Auction Partnerships Company – 46 Street no. 2, Cu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City and at BIDV Binh Dien Sai Gon Brand - 230-232-234 Duong Ba Trac Street, Ward 2, Dictrict 8, Ho Chi Minh City.

9. Time and place of asset consideration: From 08:00 a.m. on 27/04/2021 to 05:00 p.m. on 11/05/2021 at the assets.

10. Time limit for deposit: During office hours on 10/05/2021, 11/05/2021 and 12/05/2021, unless otherwise agreed by the auction institution and participants but before the opening of the auction.

- Organizations and individuals eligible to participate in the auction submit a valid bidding dossier and pay deposit to Truong Thinh Group Auction Partnerships Company as prescribed.

11. Time and venue of the auction: At 03:00 p.m. on 13/05/2021 at Truong Thinh Group Auction Partnerships Company headquarter - 46 street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City.

12. Form of auction: Verbally at auction.

13. Auction method: Bidding up.

 (This notice replaces the invitation to participate in the auction)./.

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