Joint Stock Commercial Bank for Investment and Development of Vietnam - Thanh Nam Branch (BIDV Thanh Nam) would like to announce the selection of asset auction organization as follows:

1. Property information:

- Property name: Vinapetro Hung Yen General Petroleum Warehouse

- Property Description:

+ Assets attached to land according to the Certificate of land use rights, ownership of houses and other land-attached assets No. CX455405, number in the certificate of issuance: CT09395, issued by the Department of Natural Resources and Environment of Hung Yen province dated 05/06/2020 for Hung Yen Petroleum Joint Stock Company.

+ All accessories, equipment, investment properties, additional installations for and/or attached to the collateral (TSTC). All assets attached to and/or serving the operation, exploitation and use of financial assets before and during the handling of financial assets belong to financial assets.

- Starting price of the property: VND78,624,000,000 (Seventy eight billion, six hundred and twenty four million VND)

2. Time of application submission:

The time-limit for direct submitting is 05 days starting from the date of notice (the date which the files were submitted via mailing is attested by date on postmark, provided that they were submitted to BIDV Thanh Nam within 07 days starting from the date of notice).

3. Place of submitting files:

- The Joint Stock Commercial Bank for Investment & Development of Vietnam – Thanh Nam Branch, located at no. 90 Dong A, Loc Vuong Ward, Nam Dinh City, Nam Dinh Province.

- Contact: Mr. Le Huy Hung (email:; tel.: 0971919992).

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.

- Have operated for at least 3 years.

- Have at least 3 auctioneers.

- Have at least 3 branches/representative offices.

- Other criteria as required by BIDV Thanh Nam

5. Documents required:

- Enterprise legal document.

- Enterprise capacity and experience profile.

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

- Other documents as required by BIDV Thanh Nam


- Notice on selection shall automatically become invalid in case the auction organization is not permitted to conduct auction in accordance with the law.

- BIDV Thanh Nam 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 applications of the unselected organization.


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