Selling huge debt secured by international maternity hospital project in Hanoi

Banks are continuously organizing auctions to recover bad debts. Among them, there is a debt of hundreds of billions of dong mortgaged by the Duc Giang International Maternity Hospital project (Hanoi).

Rao bán khoản nợ khủng thế chấp bằng dự án bệnh viện phụ sản quốc tế ở Hà Nội - Ảnh 1. — Perspective of Duc Giang International Maternity Hospital - Photo: Cotec Health Care

Joint Stock Commercial Bank for Investment and Development of Vietnam - BIDV has just announced details about the assets to be auctioned to recover bad debts.

Accordingly, Hang Ha Joint Stock Company's debt at BIDV is up to 730 billion VND (as of the end of October 2024). Of which, the principal debt is 433 billion VND, interest debt and overdue penalty fees are more than 296 billion VND.

These debts arise from credit contracts signed in 2014 and 2017.

The legal representative of Hang Ha Joint Stock Company is Mr. Tran Huu Hiep , Chairman of the Board of Directors.

One of the collateral assets for the above loan is the entire assets formed from the Duc Giang International Maternity Hospital project at Duc Giang ward, Long Bien district, Hanoi.

After many unsuccessful advertisements, the starting price for this debt was set at 534 billion VND.

Hang Ha Joint Stock Company was established in 2004, with Mr. Dao Duc Nghia as Chairman of the Board of Directors and legal representative, then transferred to Mr. Tran Huu Hiep.

At the same time, BIDV also announced the auction of secured assets of Saigon Shipbuilding and Marine Engineering Company Limited.

The auctioned assets are machinery and equipment of Saigon Shipbuilding and Marine Engineering Company Limited, currently being preserved in Dong Xuyen Industrial Park, Vung Tau City, Ba Ria - Vung Tau Province and in Thanh My Loi Ward, Thu Duc City, Ho Chi Minh City.

The bank divided the assets into two categories for auction. The first category has a total value of VND277 billion, including machinery such as lathes, cable winding machines, circular milling machines with power sources, etc. The second list is worth more than VND504 billion, including an 80-ton weighing station, a 35-ton water test bag, an oil containment buoy, etc.

Notably, BIDV has announced that this debt will be auctioned for the 16th time but has yet to find a new "owner".

At Sacombank, the bank has also coordinated with an auction company to announce the auction of the debt of Saigon Seafood Trading Joint Stock Company.

The total debt obligation as of January 2024 is VND 1,768 billion, of which the capital is more than VND 529 billion, the rest is interest on time and overdue interest. After many unsuccessful sales, the debt has a starting price of VND 317 billion.

Rao bán khoản nợ khủng thế chấp bằng dự án viện phụ sản quốc tế ở Hà Nội - Ảnh 3.

VietinBank sells 'strange' bad debts

At the end of the year, VietinBank suddenly put up for sale many "strange" debts. A VietinBank customer took out a consumer loan with a debt value including principal, interest, and penalty interest of more than VND260,000 but did not pay, becoming a bad debt.

Source: https://tuoitre.vn/rao-ban-khoan-no-khung-the-chap-bang-du-an-vien-phu-san-quoc-te-o-ha-noi-2025032610583182.htm