BIDV Hanoi announces the seizure of collateral

Publish date
06/12/2019

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1. Debt information:

Total outstanding loans of Bac Viet Production and Trading Joint Stock Company at BIDV as of 13 November 2019 is VND16.820.300.000, in particular:

- Principal: VND12.800.000.000

- Interest: VND4.020.300.000

2. Assets information:

Land use right at No 8/131 Le Loi, Nguyen Trai Ward, Ha Dong District, Ha Noi City according to the certificate of land use right of house ownership residential and other properties associated with land No. BN 297346; the number in the certificate of issuance: CH-00521 issued by People's Committee of Ha Dong District on 4 September 2013 to Mr. Doan Xuan Ke. Description of asset:

- Land lot No: 10

- Map sheet No: 0

- Land Area: 40m2 (In words: Forty square meters)

- Form of use: + Private: 40m2            + Common: 0m2

- Propose of use: Urban residential land

- Time-limit of use: Long term

- Origin of use: The State allocates land with collection of land use levy

3. Reason for seizure: Handling collateral to recover debts as agreed in the Mortgage Contract and according to the provisions of law.

4. Time of seizure: From 9:00am on 2 January 2020 until the completion of the seizure.

5. Place of seizure: At the location of the property

6. Term of seizure: From January 02nd, 2020 until the collateral is processed, auctioned off for debt recovery by BIDV Hanoi or until the Borrower fulfills the debt repayment obligation.

7. Security asset handling price: Using valuation results of agencies and organizations with price appraisal function. The cost of hiring valuation agencies and organizations is included in the cost of handling security assets.

8. Handling method: Public auction through a functional auction organization designated by BIDV Hanoi.

9. Contact information:

Joint Stock Commercial Bank for Investment and Development of Vietnam – Hanoi Branch – Cooperate Customers Department 2: 4B Le Thanh Tong, Hoan Kiem, Hanoi.

+ Mrs. Nguyen Thi Thu Hien – Tel: 097.201.1281

+ Mrs. Nguyen Thi Thinh – Tel: 0904.558.493

BIDV Hanoi proposes the family of Mr. Doan Xuan Ke, Ms. Nguyen Thi Huyen, Bac Viet Production and Trading Joint Stock Company, the local authorities and relevant parties to cooperate and coordinate with BIDV in the process of resolving the case.                           

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