Bank for Investment and Development of Vietnam., JSC, hereby, announces the selection of assets auction organizations to conduct the auction with the following details:

1. Information of assets for auction:

- Auctioned property seller: Bank for Investment and Development of Vietnam., JSC (BIDV). Address: BIDV Tower, No. 194 Tran Quang Khai, Ly Thai To Ward, Hoan Kiem District, Hanoi City.

- Assets for auction: the debt of Saigon Indochina Fuel Co., Ltd  at Thu Thiem Branch.

- The collateral for the debt:


Name of Asset


Land use right, housing ownership and assets attached to the land area: 70,227 m2, production and business land. Property on land includes factory 1 (floor area 19,871.1 m2) and factory 2 (4,207.4 m2) in Lai Vung district, Dong Thap province.


Land use right, residential property and assets attached to land area: 1,208 m2, production and business land located at: Lai Vung district, Dong Thap.


04 Receivables arising from the petroleum trading principle contract No. between Saigon Indochina Fuel Company Limited and Thang Long SBTC Joint Stock Company, Petro Thanh Phat Co., Ltd., La Vang Trading Trading Service Construction Company Limited , Thien Phat Petroleum Trading Company Limited.

- Reserve price for the auction of the debt: VND 218,845,545,583.

2. Deadline: Deadline for submission of application is 07 days as from the date when this notice is posted on BIDV’s website (application documents sent by post are calculated by postmark, provided that it must be received by BIDV within 7 days from the date of this notice)

3. Place for submission of application documents:

- Bank for Investment and Development of Vietnam JSC –Debt workout center, 7th Floor, BIDV Tower, 24 Le Thanh Ton Street, Ben Nghe  Ward, Ho Chi Minh City.

- For all the matters, please contact Mr. Dang Minh Duong (Phone number: 028.38233826).

4. Criteria for selection of auction organization:

Auction organizations must meet the criterion specified by Clause 4, Article 56 of the Law on Assets 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 documentsinclude:

- Corporatelegal documents.

- A written description of capacityand experience.

- Price quotation.

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


- 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.


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