The total value of the provisional debt as of July 10, 2024 is more than 58.8 billion VND. Of which, the principal balance is nearly 44 billion VND, the rest is interest debt, overdue interest, and late payment interest.

Interest will continue to accrue from July 11 until NHP Company fully pays off the principal and interest of the loan.

This debt was formed under credit contracts from 2016 and 2017 and is secured by 1 million NHP shares of Mr. Le Xuan Nghia. Dr. Le Xuan Nghia is a famous economic expert in the country.

The starting price for the above debt is more than 58.8 billion VND, this starting price is equal to the value of the debt at July 10.

NHP Company was established in 2013, with a charter capital of 25 billion VND, by 4 founding shareholders. By 2018, the company's charter capital increased to 275 billion VND. This enterprise operates in the field of PP packaging production and trading of imported plastic granules.

The company's headquarters is in Tich Giang Commune, Phuc Tho District, Hanoi. The company's Chairman of the Board of Directors is Mr. Le Xuan Binh, while the General Director is Mr. Le Xuan An.

Mr. Le Xuan Nghia - a shareholder of NHP - mortgaged 1 million shares for the above loan at Agribank. He was the chairman of the company's Board of Directors.

NHP shares were once listed on UpCom but were put on restricted trading status by the Hanoi Stock Exchange due to late submission of financial statements for 2022. On June 3, 2024, NHP was suspended from trading due to the company's failure to take measures to remedy the cause.

In addition to the above debt, Agribank is also selling the debt of customer Chiem Van Hung (HCMC). The estimated value of the debt as of June 17, 2024 is more than VND 8,219 billion, of which the principal debt is VND 5.8 billion.

In the previous announcement of selecting the auction organizer, Agribank said the customer's principal debt was 6 billion VND.

The collateral for this loan is a plot of land under the name of Mr. Chiem Van Nga, with an area of ​​93.5 square meters at 269/6 Nguyen Thi Nho, Ward 16, District 11, Ho Chi Minh City.

Notably, although the collateral is only a plot of land less than 100 square meters, the debt value is only over VND 8,219 billion, but the starting price of the debt announced by Agribank is over VND 212 billion.

Bidders are required to deposit VND21.23 billion. The auction takes place on August 22.

Land auction in the suburbs of Hanoi is nearly 100 million VND/m2, is there any concern about speculation inflating the price? The land plot in Dan Phuong district, about 20km from the center of Hanoi, won the auction at 99.2 million VND/m2, double the starting price.