VAMC auctions bad debt package with starting price of nearly 240 billion VND

The Vietnam Asset Management Company (VAMC) has just announced the auction of bad debts of a group of customers, Phuc An Khang International Hospital Joint Stock Company and Binh Duong Construction Stone Company Limited.

In particular, the bad debt of the customer group Phuc An Khang International Hospital Joint Stock Company and Binh Duong Construction Stone Company Limited was purchased by VAMC from Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank). The starting price of the auctioned debt is 239,230,800,000 VND.

The assets securing the debt of Phuc An Khang International Hospital include the Land Use Rights (lease rights) of 8,048 m2 of land and the ownership of the industrial park located in Dong An Industrial Park, Binh Hoa Commune, Thuan An District (now Binh Hoa Ward, Thuan An City), Binh Duong Province; The ownership of houses and the right to use residential land with an area of 377.3 m2 of land at 22 Ngo Quyen Street, Ward 6, District 5, Ho Chi Minh City...

Assets securing the debt of Binh Duong Construction Stone Company Limited include the right to own a house and the right to use residential land with a total area of 506.1 m2 at 204A Nguyen Trai Street, Ward 3, District 5, Ho Chi Minh City.

Selling and receiving auction participation documents from September 18, 2024 to October 7, 2024 at VAMC headquarters (No. 300 Ton Duc Thang, Hang Bot Ward, Dong Da District, Hanoi City). In addition, individuals and organizations can also buy auction participation documents at VAMC Ho Chi Minh City (6th floor - Saigon Plaza building, No. 24 Le Thanh Ton, Ben Nghe Ward, District 1).

Each individual or organization can only buy one set of registration documents to participate in the auction, with the selling price of 1 set of documents being 500,000 VND/document. The registration period for viewing assets is from September 18, 2024 to October 3, 2024. The time for viewing assets (debt documents) is 2 days, October 3, 2024 and October 4, 2024 at VAMC headquarters.

The deposit to participate in the auction is 25 billion VND. The auction will be held at 14:00 on October 10, 2024 at VAMC headquarters. The auction will be conducted by direct voting in multiple rounds at the auction, with an ascending bid method.

Source: https://baodautu.vn/vamc-chao-ban-dau-gia-goi-no-xau-gia-khoi-diem-gan-240-ty-dong-d225236.html