BIDV Nghe An announces the auction of debts

Publish date
17/04/2020

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Joint Stock Commercial Bank for Investment and Development of Vietnam –Nghe An Branch (BIDV Nghe An), Address: BIDV Nghe An Building – VI.I.Lenin Avenue – Hung Dung ward - Vinh City - Nghe An Province hereby announces the auction of the debt with the following details:

1.Information of the debt:

- Customer name: Petro Vietnam - Nghe An Investment and Trading Joint Stock Company (PVIT)

- Address:  23 - 24 Floor, Petro - Nghe An Building, No. 7 Quang Trung Street -Vinh City - Nghe An Province

- Legal Representative: Mr. Tran Luong Son - General Director

- Business Registration Certification no. 2900872462 issued by Nghe An Authority For Planning and Investment, fifteenth amendment on 04th July 2019

- The total outstanding as of 10th January 2019: VND 30.781.000.000 (In words: thirty billion, seven hundred and eighty one million Vietnamese dong)

- Collateral: Petro - Nghe An  Building according to the mortgage agreement No. 01/2011/BIDV-PVFC on 12nd November 2011 between Petro Vietnam - Nghe An Investment and Trading Joint Stock Company (PVIT) and PVFC Thanh Hoa (PVCombank in present) (Collateral in BIDV Nghe An is offices for rent occupying 8 floors of the building, from 15th floor to 22nd floor, area 733m2/floor)

2.  Auction information:

2.1. Reserve price

Reserve price: VND 30.781.000.000 (In words: thirty billion, seven hundred and eighty one million Vietnamese dong)

The reserve price does not include other costs associated with the transfer process. All costs related to the process of ownership transfer assets such as taxes, fees, charges, etc (if any) shall be borne by the purchaser. The process of transfering the debt is VAT non - taxable object.

2.2. Earnest money for auction

Auction participants have to place the earnest money no later than 03 (three) working days prior the auction day with an amount of VND 3,000,000,000 (In words: three billion Vietnamese dong)

Auction participants transfer the deposit to the account of National Auction Partnerships Company according to the information below:

- Account name: National Auction Partnerships Company

- Account number: 427.10.00639939.9 at Joint Stock Commercial Bank For Investment and Development of Vietnam - Quang Minh Branch

2.3. Time and place of property viewing:

From the date of notification to 2 days prior the auction day (office hours) at Headoffice of National Auction Partnerships Company, Address: No. 71, Lane 125, Tan Xuan Street, Tan Xuan 1 Quarter, Xuan Dinh Ward, Bac Tu Liem District, Hanoi or Headoffice of Joint Stock Commercial Bank For Investment and Development of Vietnam - Nghe An Branch, Address: BIDV Nghe An Building – VI.I.Lenin Avenue – Hung Dung ward - Vinh City - Nghe An Province.

2.4. Auction forms and auction methods:

Direct auction by secret ballot at the aution with ascending price method.

2.5. Time and place of auction:

9:00 am, 23th April 2020 at Headoffice of National Auction Partnerships Company, Address: No. 71, Lane 125, Tan Xuan Street, Tan Xuan 1 Quarter, Xuan Dinh Ward, Bac Tu Liem District, Hanoi

3. Contact information

- National Auction Partnerships Company, Address: No. 71, Lane 125, Tan Xuan Street, Tan Xuan 1 Quarter, Xuan Dinh Ward, Bac Tu Liem District, Hanoi (Contact: Mr. Nguyen Sinh Tu, Mobile: 0932.369.866)

- Joint Stock Commercial Bank For Investment and Development of Vietnam - Nghe An Branch, Address: BIDV Nghe An Building – VI.I.Lenin Avenue – Hung Dung ward - Vinh City - Nghe An Province (Contact: Mr. Nguyen Duy Chau, Mobile: 0989.794.763)

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