BIDV Hoa Binh announces the selection of debt auction organization (Phu My)

Publish date
31/05/2021

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Bank for Investment and Development of Vietnam JSC - Hoa Binh Branch (BIDV Hoa Binh) hereby announces the selection of asset auction organization as follows:

1. Asset information

- Asset name: Debt of PHU MY ETHANOL & STARCH JOINT STOCK COMPANY

- Debt Party: PHU MY ETHANOL & STARCH JOINT STOCK COMPANY: Location Km 109. Highway 6, Phong Phu Commune, Tan Lac District, Hoa Binh Province

- Principal outstanding on 31/03/2021: 16.686.674.400 VND

- Collateral asset: factory, machines, equipment

- Starting price: 16.686.674.400 VND

(In words: Sixteen billions, six hundreds and eighty six millions, six hundred seventy four thousands, four hundred Vietnamese dong)

2. Time for document submission:

The deadline for direct application submission is 07 days from the date of notification (date of documents submitted by post shall be determined by postmark but must be delivered to BIDV Hoa Binh no later than 10 days from the date of notification).

3. Place to document submission:

- Bank for Investment and Development of Vietnam JSC - Hoa Binh Branch, BIDV Hoa Binh. Address: Le Thanh Tong Boulevard – Huu Nghi ward - Hoa Binh City - Hoa Binh province.

- Contact person: Mr Le Van Hanh (Email: hanhlv@bidv.com.vn; Tel: 0914263030).

4. Selection criteria:

Auction organization must meet criteria specified in Clause 4, Article 56 of the Law on Asset Auction and the following criteria:

- Have asset auction license.

- Having operated for at least 3 years.

- Have at least 3 auctioneers.

- Have at least 3 branches/ representative offices.

5. Application documents:

- Enterprise legal document.

- Enterprise capacity and experience profile.

- Quotation and other commitments of auction organization (if any)

* Notes:

- The application automatically becomes invalid in case auction organization is not permitted to conduct auction in accordance with the law.

- BIDV Hoa Binh shall send a written notice of the results to the selected auction organization; those who have not been informed of the results are deemed unsuccessful. We do not return the application of unselected organizations.

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