VietinBank Puts A Number Of Collateral Assets On Sale

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Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) (Stock code: CTG) announces the auction of the land use right of four land plots with a total area of 33ha for the purpose of production and business in long-term. The above land area is allocated by the State and it will collect the land use fee. The pre-auction deposit is 50 million dong. Payment period is from September 3 to 4. This is the second time the bank offered to sell this land.

The bank also sells the assets of Anh Dat Transport Construction Trading Joint Stock Company, including 41-seat passenger car, for the 12th time. The starting price is over 218 million dong.

VietinBank is auctioning the debt of Gia Bao Construction Materials Supply Company Limited (including principal, interest, and penalty) of nearly 148 billion dong, with 55.8 billion dong of principal and 93 billion dong of interests.

Another debt of Thuy Tien Construction One Member Limited Company is also being sold for 70.5 billion dong, including 24.3 billion dong of principal and 46 billion dong of interests.

Previously, the bank auctioned a number of collateral assets in the provinces. For example, Thai Binh branch auctioned a ship called “Hai Dang 36″ with a starting price of more than 1.2 billion dong. The ship is under construction, has not yet completed its hull, all equipment is not available, badly degraded and rusty and located in Nam Dinh.

Bao Loc Branch also auctioned three land use rights in Lam Dong with the area of 231.5m2, 143.8 m2, and 146m2 respectively. The starting prices of the three assets are 6.2 billion dong, 2.67 billion dong and 2.7 billion dong, respectively.


Category: Finance, Vietnam

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