The property for sale is land use rights, total area of ​​439.6m2 in Truong Thanh ward, district 9, Ho Chi Minh City. Of which, urban land is 393.2m2, fertile land is 46.4m2.

The property owners are Mr. Quang Thanh Xuan and Ms. Huynh Thi Lieu.

VietinBank Vinh Long gives priority to owners selling assets themselves. The starting price of the asset is 11 billion VND.

Dai Nam Flour Company Limited was established in 2016, with Mr. Pham Minh Hien (born in 1972) as director. The company specializes in producing flour and mixed flour with two main brands: Dai Nam Flour and Mien Tay Rice Flour, with a capacity of up to 35,000 tons/year.

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Dai Nam Flour factory in Vinh Long. Photo: Dai Nam Flour

Previously, in early 2024, VietinBank Vinh Long had put up for sale the entire largest production factory in the Mekong Delta of Dai Nam Flour as collateral. Along with that, the bank also put up for sale the land use rights of the company's production facility, an area of ​​up to more than 10,500 square meters in Phu An Hamlet, Phu Thinh Commune, Tam Binh District, Vinh Long Province.

The total value of the assets for sale, including land use rights, production lines, factories, etc., is approximately 100 billion VND.

Dai Nam Flour's debt at VietinBank was formed from two credit contracts signed in 2017 and 2021.

The book value of the provisional debt as of March 31, 2023 is more than 166.25 billion VND, the principal balance is nearly 143.4 billion VND. The total starting price for the two assets above is more than 97 billion VND.

In early 2023, VietinBank Vinh Long seized the above collateral assets, along with a Mazda car registered under the name of Ms. La Ngoc Loan and 2 land use rights with a total area of ​​439.6 square meters (in Truong Thanh ward, District 9, Ho Chi Minh City) registered under the names of Mr. Quang Thanh Xuan and Ms. Huynh Thi Lieu.

Source: https://vietnamnet.vn/them-tai-san-cua-dai-gia-mien-tay-bi-ngan-hang-rao-ban-2383713.html