VietinBank is auctioning the factory and land worth 100 billion VND of Dai Nam Flour Company.
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) Vinh Long branch has just announced the sale of two secured assets of Dai Nam Flour Company.
The first asset is the Dai Nam rice flour factory, which VietinBank auctioned off at a starting price of nearly VND63 billion, including land use rights of more than 10,500 m2 along with assets attached to the land, including the factory system, machinery and equipment for rice flour production.
The land for the factory is non-agricultural production land in Phu An hamlet, Phu Thinh commune, Tam Binh district, Vinh Long province, 4 km from Hoa Phu Industrial Park and 5 km from the entrance to Can Tho - Vinh Long - Trung Luong highway. The owner Dai Nam Company bought the land from an individual and then converted the purpose of use to company land (non-agricultural production land).
Above the land is the rice flour factory, flour mixing raw material house, finished product warehouse, boiler house, air compressor house, wastewater treatment tank... and machinery and equipment of the rice flour production line system.
The second asset auctioned by VietinBank for more than 34 billion VND is a non-agricultural production land area of more than 21,200 m2, also in Phu An hamlet, Phu Thinh commune, Tam Binh district, Vinh Long province.
Outside Dai Nam's factory. Photo: Dai Nam Flour Company.
Dai Nam Flour was established in 2016, specializing in the production and supply of flour and mixed flour products. According to the introduction, it is one of the largest flour factories in the Mekong Delta.
This enterprise has two debts at VietinBank arising from 2017 and 2021. The book value of the temporary debt as of March 31, 2023 is 166 billion VND, including a principal balance of more than 143 billion, the rest is accumulated interest and overdue penalties.
Last year, this bank also seized a Mazda car registered under Ms. La Ngoc Loan's name and two land use rights with a total area of 440 square meters (in Truong Thanh ward, Thu Duc city, Ho Chi Minh city) registered under the names of Mr. Quang Thanh Xuan and Ms. Huynh Thi Lieu, to recover the debt.
Quynh Trang
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