BIDV announces the selection of asset auction organization

Publish date
10/04/2020

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Joint Stock Commercial Bank for Investment and Development of Vietnam hereby announces the selection of property auction organizations as follows

1. Property information:

- Auctioned property seller: Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). Address: 35 Hang Voi street, Hoan Kiem district, Hanoi

- Property to be auctioned: Bebt of Truong Phat Trading and Service Joint Stock Company

- The debt of Truong Phat Trading and Service Joint Stock Company is guaranteed by:

+ Land use rights and assets associated with land in 2-4 Đội Nhân street, Ba Dinh district, Ha Noi city, land area: 834m2

+ CHM A4-4 paper production line and automatic strapping machine

- Reserve price: VND 105,656,000,000  (in words: One hundred and five billion, six hundred and fifty six million Vietnamese dongs)

2. 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 at least 03 auctioneers.

- Having at least 3 years of operation.

- Other requirements by BIDV

3. Deadline for application submission:

Application deadline is seven (07) days from the date of notification (during office hours).

4. Address for application reception:

- Joint Stock Commercial Bank for Investment and Development of Vietnam- Debt Workout Center, 19th Floor, Tower A VinCom, 191 Ba Trieu, Hai Ba Trung, Hanoi

- Contact person: Mr. Le Huy Kien (email: kienlh@bidv.com.vn; phone number: 0947907554).

5. Application includes:

- Organization legal documents

- A written description of competence and experience.

- Price quotation, other commitments of the auction organization (if any).

Note:

- Registration documents shall automatically become invalid in case the auction organization is not permitted to conduct auction in accordance with the law.

- BIDV will issue a written notice of the result to the selected property auction organization, those not being selected will not receive such notice. BIDV will not return the documents to the unselected organizations.

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