Bank sells series of 400 real estates, villas, hotels, restaurants

According to VietinBank, these are assets that are collateral for loans from individuals and businesses that are unable to repay their loans. Among them, there are many real estate properties such as villas, 3-5 star hotels, and restaurants. These assets are sold at auction or by negotiation.

The list of assets to be handled includes nearly 400 land use rights including villas and hotels in Hoi An City (Quang Nam).

Some of the properties are being sold for hundreds of billions of VND, such as: A plot of land with an area of 1,786m2 is being sold for 365 billion VND. A 4-star hotel, 105 rooms, with a land area of 1,830m2, is being sold for 420 billion VND. A 4-star hotel, 98 rooms, with a land area of 9,057m2, is being sold for 420 billion VND.

4-star hotel with land area of 1,032m2, price 120 billion VND. 4-star hotel with land area of 1,737m2, 137 rooms, price 240 billion VND. 4-star hotel with land area of 1,757m2, price 260 billion VND; or land plot with area of 4,217m2, price 277 billion VND;...

*A series of hotels in Hoi An are being sold by banks. (screenshot).*

In Ngu Hanh Son district (Da Nang), a vacant hotel - Condotel area, with a land area of 1,432m2, located at two frontages, in which the main direction is the frontage of Vo Nguyen Giap street, is being sold by the bank for 100 billion VND.

The locality with the most properties for sale by VietinBank is Thoi Lai (Can Tho) with a total of 144 properties for sale. The common price ranges from 1-1.3 billion VND. Notably, some properties are sold for only 280 million VND.

In addition to selling hundreds of properties, VietinBank also announced the sale of 556 consumer loans at the same time. These are consumer loans of 556 individual customers, all without collateral.

The total value of the debt (including principal, interest, penalty interest) is 11.9 billion VND, the total starting price for the above debts is 11.9 billion VND.

Some debts have been partly paid by customers, so the debt value is only under 1 million VND. However, this number can be counted on the fingers.

Most of the debts are worth tens of millions of dong, some even cost hundreds of millions of dong, from 155 million to 185 million dong.

Consumer loans are sold individually, in part, or in whole. Bidders must deposit an amount equal to the value of the debt.