Joint Stock Commercial Bank for Investment and Development of Vietnam, Thanh Nam Branch would like to announce the seizure of collateral to handle the debt recovery of Minh Thanh Cong Production & Service Trading Co., Ltd. at Bank for Investment and Development of Vietnam - Thanh Nam Branch as follows:

1. The total outstanding debt of Minh Thanh Cong Production & Service Trading Co., Ltd. at BIDV Thanh Nam as of July 2, 2020 is VND 37,671,046,018, of which: short-term principal outstanding is VND 26,345,608,645, medium-term outstanding principal is VND 5,362,000,000, interest rate is VND4,533,030,397, overdue penalty is VND1,430,406,976.

2. Security assets seized to handle debt recovery are as follows:

a) The first property: is the land use right and assets attached to land under the land use right certificate land use rights of houses and other properties associated with land No. BV 602363, number in the certificate of issuance of certificates: CH00489 issued by The People's Committee of Nam Truc District issued on December 3, 2014 to Mr. Pham Van Thanh and Ms. Pham Thi Theu, specifically as follows:

- Information on land parcel:

+ Land lot number: 1889 - 6 Map map number: 3

+ Address: Road 55, Xã Nghĩa An, Nam Trực District, Nam Định Province.

+ Area: 80 m2, (In words: Eighty square meters.)

+ Form of use: Private use: 80 m2; General use: No.

+ Purpose of use: Rural residential land.

+ Shelf life: long term.

+ Origin of use: The State allocates land with collection of land use fees. Receiving the transfer of land use right under the Contract of Agreement No. 568/2014.

- Property attached to land: Workshop with brick wall structure, reinforced concrete column frame, steel rafters, shaped purlin, corrugated iron roof, built on 02 land parcels 1889 - 6 and 1889 - 7. Construction area built on a land plot of 1889 - 6 is 80 m2 (Assets on land without land use right registration should be recorded as a value of 1)

b) Second asset: is the land use right and assets attached to land under the land use right certificate land use rights of houses and other assets attached to land No. BV 602364, number in the certificate of issuance of certificates: CH00488 issued by The People's Committee of Nam Truc District issued on December 3, 2014 to Mr. Pham Van Thanh and Ms. Pham Thi Theu, specifically as follows:

- Information on land parcel:

+ Land lot number: 1889 - 7 Map map number: 3

+ Address: Road 55, Xã Nghĩa An, Nam Trực District, Nam Định Province.

+ Area: 80 m2, (In words: Eighty square meters.)

+ Form of use: Private use: 80 m2; General use: No.

+ Purpose of use: Rural residential land.

+ Shelf life: long term.

+ Origin of use: The State allocates land with collection of land use fees. Receiving the transfer of land use right under the Contract of Agreement No. 568/2014.

- Property attached to land: Workshop with brick wall structure, reinforced concrete column frame, steel rafters, shaped purlin, corrugated iron roof, built on 02 land parcels 1889 - 6 and 1889 - 7. Construction area built on a land plot of 1889 - 7 is 80 m2 (Assets on land without land use right registration should be recorded as a value of 1)

3. Reason for seizing: Handling collateral to recover debts as agreed in the Mortgage Contract and the provisions of law.

4. The time for seizing security assets: starts from 08:30 on July 20, 2020 until the collection is completed.

5. Place of seizure: Road 55, Nghia An Commune, Nam Truc District, Nam Dinh Province

6. Term of seizure: From the time of seizing until the collateral is processed, auctioned off for debt collection by BIDV Thanh Nam Branch or until the Borrower fulfills the debt repayment obligation.

7. Security asset handling price: Using valuation results of agencies and organizations with price appraisal function. The cost of hiring valuation agencies and organizations is included in the cost of handling security assets.

8. Handling method: Public auction through a functional auction organization selected by BIDV- Thanh Nam Branch.

9. Contact information: Mr. Pham Van Thuong - Debt workout officer; Phone: 0936636166;  Address: No. 80 Dong A street, Urban Area Hoa Vuong, Loc Vuong Ward, Nam Dinh

BIDV

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