Has a debt of only nearly 2,000 VND

Recently, many banks have announced the auction of large debts worth hundreds of billions of VND. However, in addition to the common collateral assets of debts such as real estate, cars, factories, etc., there are banks that are selling special and unique items.

Ore Auction

For example, Agribank announced the auction of 500 tons of graphite ore from Vietnam Carbon & Graphite Company Limited and 300 tons of graphite ore from Lam Ngoc Investment and Trading Company Limited. These are collateral for loans at Agribank Tay Ho branch. These ores are in dry crystal form, packaged in bags and have been handed over to Agribank Tay Ho branch for handling of collateral.

Accordingly, 500 tons of graphite ore of Vietnam Carbon & Graphite Company Limited (carbon content 92%-93%, mesh -100) were offered for sale by the bank with a starting price of VND 4,611 billion.

Meanwhile, Agribank wants to auction 300 tons of graphite ore (carbon content 90% - 92%, mesh - 100) of Lam Ngoc Investment and Trading Company Limited.

The starting price of this property is 2.36 billion VND. The above price does not include taxes, fees and other financial obligations as prescribed by law.

Fertilizer auction

Agribank Thai Nguyen branch auctioned assets of borrower SumaGrow Vietnam Co., Ltd. with the auctioned assets being organic fertilizer.

Specifically, the auctioned asset for this debt is 89,482 liters of Sumagrow liquid organic fertilizer manufactured in the United States. The asset is located in Can Tho city. The shipment is collateral for SumaGrow Vietnam's loan at Agribank Thai Nguyen under a credit contract signed in 2020.

The starting price for this auction is 245,000 VND/liter. The minimum amount of goods sold is equivalent to 1 billion VND or more. The goods are divided into 22 lots, in which the lots numbered from 01 to 21 each have 4,082 liters and 01 lot numbered 22 is 3,760 liters. The person who registers to buy lot number 22 must buy at least 01 more lot from lots 01 to 21 to ensure the amount of goods sold is equivalent to 1 billion or more.

Assets worth tens of thousands of dong

The bank also surprised everyone when it wanted to sell unsecured consumer loans worth only a few tens of thousands of dong.

Specifically, VietinBank auctioned 646 consumer loans of individuals who were unable to repay and had no collateral. The total book value (principal, interest, penalty interest) of these debts was VND12.7 billion.

The starting price of these bad debts is sold by the bank at exactly the book value (principal, interest, penalty interest).

However, the bank said it would sell individual debts, some debts, or all debts together. Of these, the lowest debt had a starting price of only VND13,216. The highest debt was worth more than VND206 million.

VietinBank also wants to sell 535 consumer loans with a total value of VND11.6 billion, of which the lowest value is VND1,839 billion without collateral.

Huyen Vi (synthesis)

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