Two assets securing the New Home loan

Agribank has just announced the auction of two assets securing the loan of Ngoi Nha Moi Trading JSC with tax code 0310299..., located in Binh Tan District, Ho Chi Minh City, according to the mortgage contract of land use rights and assets attached to land in May 2017 between Agribank Truong Son Branch (mortgagee), Mr. Pham Huu Thinh, Ms. Nguyen Thi Kim Yen (mortgagor) and Ngoi Nha Moi Company (borrower).

These assets include land use rights of 56.9 square meters, house ownership rights and other assets attached to the land at 65Bis Le Thi Rieng Street, Ben Thanh Ward, District 1, Ho Chi Minh City, in the names of Mr. Pham Huu Thinh and Ms. Nguyen Thi Kim Yen.

The second asset is the land use right of 166.6 square meters, the house ownership right and other assets attached to the land at 204A An Duong Vuong, Ward 16, District 8, Ho Chi Minh City, in the name of Mr. Pham Huu Thinh. The total starting price for the two assets above is 26.235 billion VND.

However, the bank has not yet seized or handed over this property, so the auction winner shall bear all risks, losses, responsibilities and costs arising during the handover of the auctioned property.

Selling groceries, owing hundreds of billions

Agribank is also selling 4 properties in Da Nang City, owned by Mr. Tran Van Hoang and Ms. Tran Thi Thanh Nguyen. These are assets that secure loans of Hoang Nguyen Company Limited at Agribank Quang Nam Branch in the period from 2019-2021.

These assets include: land use rights, area of ​​100m2 and house attached to the land at No. 539 Dien Bien Phu Street, Hoa Khe Ward, Thanh Khe District; land use rights, area of ​​87.7m2 at Lot 17, Area E1 (No. 171 Nguyen Xuan Khoat Street), An Hai Bac Ward, Son Tra District; land use rights, area of ​​87.7m2 at Lot 18, Area E1 (No. 173 Nguyen Xuan Khoat Street), An Hai Bac Ward, Son Tra District; land use rights, area of ​​111.6m2, at the resettlement area at the beginning of Son Tra - Dien Ngoc route (1 block with 2 frontages on Duong Thuc and Thoi Huu streets, the land lot is located next to house number 40 Thoi Huu Street), Tho Quang Ward, Son Tra District.

It is known that Hoang Nguyen Company Limited was established by Mr. and Mrs. Tran Van Hoang - Tran Thi Thanh Nguyen in Tam Ky, Quang Nam with the purpose of trading in groceries.

However, in August 2022, the couple fled the locality after defaulting on more than 300 billion VND in debt from borrowing from banks and people at high interest rates.

In December 2022, Quang Nam Provincial Police temporarily detained and prosecuted Mr. Hoang and Ms. Nguyen to investigate the act of fraud and property appropriation.

It is known that Mrs. Nguyen and Mr. Hoang bought 32 plots of land in the form of a pillow. Of these, 27 plots were mortgaged to the bank to borrow more than 244 billion VND. The couple also borrowed money from many people who were greedy for high interest, nearly 127 billion VND.