Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Tay Ho Branch announces the selection of debt auction organizations as follows:

1. Information of debt

The debt for auction: The debt of Customer in BIDV Tay Ho Branch (Amount of debt temporarily as of June 30, 2022 is 56.023.560.979 VND, including principal 26.886.602.896 VND, interest debt 22.456.452.348 VND, overdue interest debt 6.680.505.735 VND).

* Collateral of the debt:

+ Assets attached to the land at Ninh Xa Ward, Bac Ninh City

+ A system of machinery at Bac Ninh factory

+ Hyundai truck

+ The Land Use Rights at Phuong Lien, Dong Da Ward, Ha Noi City

+ The Land Use Rights at Lo Duc, Dong Da Ward, Hai Ba Trung District, Ha Noi City

*Expected reserve price: Includes all principal, interest and fees (if any). Amount of debt temporarily as of June 30, 2022 is 56.023.560.979 VND, including principal 26.886.602.896 VND, interest debt 22.456.452.348 VND, overdue interest debt 6.680.505.735 VND.

2. Deadline for application submission:

Application deadline is five (05) days from the date of posting on the web (Documents submitted by post are calculated according to the postmark, provided that BIDV must receive them within 07 days from the     date of posting on the web).

3. Address for application reception:

- Corporate Banking Department 2nd - Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Tay Ho Branch (Address: The 5th Floor, No. 47 Phan Dinh Phung Street, Ba Dinh District, Hanoi City, Vietnam).

- Contact person: Mr. Nguyen Duy Dong (Email: dongnd4@bidv.com.vn; Mobile: 0968.158.885).

4. Selection criteria:

- Facilities and equipment necessary to ensure the auction of the auctioned asset.

- Feasible and effective auction plan.

- The capacity, experience and reputation of the property auction organization.

- Appropriate remuneration for auction services and property auction expenses.

- Is included in the list of property auction organizations announced by the Ministry of Justice.

- Having a minimum operating time of 03 years.

- Having at least 03 auctioneers.

5. Registration file included:

- Corporate legal documents.

- Description of capacity and experience.

- Letter of offer, related documents according to Section 4 of this Notice, other commitments of the appraisal organization (if any).

* Note:

- Application documents are automatically invalid in case the auction organization is not permitted to conduct an auction in accordance with the laws.

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

 

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