Joint Stock Commercial Bank for Investment & Development of Vietnam – BIDV would like to announce the auction of debts, as follows:

1. Information about debt: The debt of Thanh An An Co., Ltd at Joint Stock Commercial Bank for Investment and Development of Vietnam - Quang Trung Branch (hereinafter referred to as the “Debt”) includes all principal and interest by the time of the transaction to sell debt.

- The total debit balance of the loan to 30 November 2019 is VND 107,348,791,755 (In words: One hundred and seven billion, three hundred and four eight million, seven hundred and ninety one thousand, seven hundred and fifty five Vietnamese Dong only), in which the principal is VND 50,779,168,000, interest outstanding and penalty fee is VND 56,569,623,755).

- Collateral of the debt: 30 land use rights: urban residential land (housing construction) located at Phong Phu Commune, Binh Chanh District, Ho Chi Minh City owned by Thanh An An Co., Ltd under the Certificates of land use right. Please see attached annex details.

2. Auction debt owners: : Joint Stock Commercial Bank for Investment and Development of Vietnam

Address: 35 Hang Voi, Hoan Kiem District, Ha Noi City.

3. Auction organization: Truong Thinh Auction Company

Address: 46 Street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City  

4. Reserve price: VND 108,090,000,000 (In words: One hundred and eight billion, ninety million Vietnamese Dong only).

5. Deposit: VND 10,809,000,000 (In words: Ten billion, eight hundred and nine million Vietnamese Dong only) which equals to 10% of the reserve price.

6. Price of auction documents: VND 500,000/set

7. Time and place for purchasing and receiving auction documents: From listing day  to 5:00 p.m on 04 February 2020  at the head office of Truong Thinh Auction Company and at BIDV Debt Workout Center – Address: 6th floor, no. 24 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City – Contact phone: 028.62762586.

8. Time and place of debt consideration: From listing day to 5:00 p.m on 04 February 2020 at the head office of Truong Thinh Auction Company.

9. Deadline for deposit: During office hours on 04 February 2020, 05 February 2020 and 06 February 2020, unless otherwise agreed by the auction institution and participants but before the opening of the auction.

- Organizations and individuals eligible to participate in the auction submit a valid bidding dossier and pay deposit to Truong Thinh Auction Company as prescribed.

10. Time and place of auction: At 03:30 p.m. on 07 February 2020 at the head office of Truong Thinh Auction Company, address: 46 Street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City.

11. Form of auction: Verbally at auction.

12. Method of auction: Bidding up.

BIDV

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