Considering that, the loan hold by Mr. Dinh Van Toi at the Joint Stock Commercial Bank for Investment and Development of Vietnam – Thanh Nam Branch (BIDV Thanh Nam) has been overdue since July 20, 2019 but the borrower / secured party did not voluntarily repay the debt or sell collaterals to pay off his. Therefore, BIDV Thanh Nam announces the seizure of collaterals as follows:

1. Total outstanding loans of Mr. Dinh Van Toi at BIDV by November 10, 2019:

- Principal: 3.000.000.000 VND 

- Interest: 112.438.356 VND 

- Overdue interest: 20.691.781 VND

2. Security assets are seized for debt recovery as follows: Land use right and properties associated with the land in the parcel of land No. 31 map No. 27 at Hamlet 37, Hai Minh commune, Hai Hau district, Nam Dinh province according to the certificate of land use right of house ownership residential and other properties associated with land No. CB 210152; the number in the certificate of issuance: CH00866 issued by Hai Hau District People's Committee on October 16, 2015 to Mr. Dinh Van Toi and Ms. Vu Thi Anh.

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

4. The time of seizing security assets: from November 27, 2019 until the completion of the seizure.

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

6. Term of seizure: From the time of seizing until the collateral is processed, auctioned off for debt recovery by BIDV Thanh Nam 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 Thanh Nam.

9. For further information, please contact:

Ms.: Le Thuy Nga. - Director of Dong A Transaction Office

Mobile: 0904826575

Address: BIDV Thanh Nam- No. 80, Dong A Street, Hoa Vuong Urban Area, Loc Vuong Ward, Nam Dinh Province.

BIDV Thanh Nam proposes the family of Mr. Dinh Van Toi, the local authorities and relevant parties to cooperate and coordinate with BIDV in the process of resolving the case.

BIDV

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