1. Information of the debt:

  • The party who owns the debt:  Joint Stock Commercial Bank for Investment and Development of Vietnam. Address: 194 Tran Quang Khai Street, Ly Thai To Ward, Hoan Kiem District, Ha Noi City.
  • Detail of the debt auction: Debt of Sado Germany Window Joint Stock Company to BIDV Dong Dong Nai
  • Collateral of the debt:

+ Real estate (Properties attached to land) at Alley 194, Phung Hung Street, Long Duc 3 Hamlet, Tam Phuoc Commune, Bien Hoa City, Dong Nai Province.

+ Machinery and equipment for production at Alley 194, Phung Hung Street, Long Duc 3 Hamlet, Tam Phuoc Commune, Bien Hoa City, Dong Nai Province.

+ Vehicles: 1. Thaco 2.3 tons truck, registration plate: 60C-168.29; 2. Truck with Thaco crane 6.2 tons, registration plate: 60C-204.04; 3. Isuzu 3.5 ton glass truck, registration plate: 60C-149.91; 4. 18-ton Hyundai truck, registration plate: 60C-411.88; 5. Toyota Fortune car, registration plate: 60A-170.45;6. Ford Transit, registration plate 60B-016.74

  • Reserve price (Starting price): Equal to the entire outstanding balance of principal, interest and penalty interest of the debt at the time of signing the debt auction service contract. The temporary starting price as of March 25, 2022 is: VND 681,853,781,325

2. Deadline for application submission:

The time for direct application submission is 07 days from the date of notification (applications submitted by post shall be counted according to postmarks, provided that BIDV must receive them within 07 days from the date of notification).

3. Place of submission:

- The Joint Stock Commercial Bank for Investment and Development of Vietnam-Debt workout center

 - Address: 6th Floor, BIDV Tower, 24 Le Thanh Ton Street, Ben Thanh Ward, Ho Chi Minh City.

- Contact: Mr. Dang Minh Duong (Phone number: 028.38233826).

4. Selection criteria of auction organization:

Auction organizations must meet the criterion specified by Clause 4, Article 56 of the Law on Asset Auction and the other following criteria:

- Having at least 03 auctioneers.

- Having at least 3 years of operation.

- Having at least 03 branches / representative offices (of which the head office has business registration in Hanoi or Ho Chi Minh City).

- Is in accordance with other requirements of BIDV.

5. Application includes:

  • Corporatelegal documents.

  • A written description of capacityand experience.

  • Price quotation.

  • Other commitments of the auction organization (if any).

* Note:

  • Applicationdocuments areautomatically become invalid in case the auction organization is not permitted to conduct auction in accordance with the laws.

    - BIDV issues a written notice of the result to the selected auction organization, those not received such noticeare deemed as not selected, BIDV will not return the documents to the unselected organizations.
BIDV

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