The Joint Stock Commercial Bank for Investment and Development of Vietnam –Nghe An Branch (BIDV Nghe An) would like to announce the auction of debts as follows:

1.Information of the debt:

- Customer name: Petro Vietnam - Nghe An Investment and Trading Joint Stock Company (PVIT)

- Address:  23 - 24 Floor, Petro - Nghe An Building, No. 7 Quang Trung Street -Vinh City - Nghe An Province

- Legal Representative: Mr. Tran Luong Son - General Director

- Business Registration Certification no. 2900872462 issued by Nghe An Authority For Planning and Investment, fifteenth amendment on 04th July 2019

- The total outstanding as of 10th January 2019: VND 36.695.492.159 (In words: thirty six billion, six hundred and ninety five million, four hundred and ninety two thousand, one hundred and fifty nine Vietnamese dong)

- Collateral: Petro - Nghe An  Building according to the mortgage agreement No. 01/2011/BIDV-PVFC on 12nd November 2011 between Petro Vietnam - Nghe An Investment and Trading Joint Stock Company (PVIT) and PVFC Thanh Hoa (PVCombank in present) (Collateral in BIDV Nghe An is offices for rent occupying 8 floors of the building, from 15th floor to 22nd floor, area 733m2/floor)

2.Auction information:

2.1. Starting price

Starting price: VND 36,695,492,159 (In words: Thirty six billion, six hundred and ninety five million, four hundred and ninety two thousand, one hundred and fifty nine Vietnamese dong)

The reserve price does not include other costs associated with the transfer process. All costs related to the process of ownership transfer assets such as taxes, fees, charges, etc (if any) shall be borne by the purchaser. The process of transferring the debt is VAT non - taxable object.

2.2. Deposit for auction

Auction participants have to place the deposit no later than 03 (three) working days prior the auction day with an amount of VND 3,600,000,000 (In words: Three billion, six hundred million Vietnamese dong)

Auction participants transfer the deposit to the account of National Auction Partnerships Company according to the information below:

- Account name: National Auction Partnerships Company

- Account number: 427.10.00639939.9 at Joint Stock Commercial Bank For Investment and Development of Vietnam - BIDV Quang Minh Branch

2.3. Time and place for reviewing the property:

From the date of notification to 2 days prior the auction day (office hours) at Head office of National Auction Partnerships Company, Address: No. 71, Lane 125, Tan Xuan Street, Tan Xuan 1 Quarter, Xuan Dinh Ward, Bac Tu Liem District, Hanoi or Head office of Joint Stock Commercial Bank For Investment and Development of Vietnam - Nghe An Branch, Address: BIDV Nghe An Building – VI.I.Lenin Avenue – Hung Dung ward - Vinh City - Nghe An Province.

2.4. Auction forms and auction methods:

Direct auction by secret ballot at the auction with ascending price method.

2.5. Time and place of auction:

9:00 am, 06th April 2020 at Head office of National Auction Partnerships Company, Address: No. 71, Lane 125, Tan Xuan Street, Tan Xuan 1 Quarter, Xuan Dinh Ward, Bac Tu Liem District, Hanoi

3. Contact information

- National Auction Partnerships Company, Address: No. 71, Lane 125, Tan Xuan Street, Tan Xuan 1 Quarter, Xuan Dinh Ward, Bac Tu Liem District, Hanoi (Contact: Mr. Nguyen Sinh Tu, Mobile: 0932.369.866)

- Joint Stock Commercial Bank For Investment and Development of Vietnam - Nghe An Branch, Address: BIDV Nghe An Building – VI.I.Lenin Avenue – Hung Dung ward - Vinh City - Nghe An Province (Contact: Mr. Nguyen Duy Chau, Mobile: 0989.794.763)

BIDV

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