VietinBank Ha⁤ Giang Announces ‍Sale of⁤ Collateral Assets of Trung Linh Phat Company Limited

Vietnam Joint ⁣Stock⁢ Commercial Bank for Industry‌ and Trade, ‍Ha Giang Branch (VietinBank Ha Giang) has⁢ announced ⁣the sale of collateral assets ‍of Trung ⁤Linh Phat Company Limited, one of nearly 40 major petroleum⁣ hubs in the country.

Collateral Assets for Sale

The collateral for Trung Linh Phat’s loan includes 9 land use rights, house ownership rights, and assets attached to land ⁣in Hoa Binh and Ninh‍ Binh provinces.

• 1 land use​ right, house ownership ⁤right, ​and property ​attached to land, with a ⁣land area of 1,814.9m2, and a single house (3 ⁢floors) construction area of 92.4m2 in ‍Ba Cau hamlet, Ngoc Luong commune, Yen Thuy district, Hoa Binh province.
• 2 land ⁢use rights, house ownership right, and property attached ⁤to land, with the same area of⁢ 339.3m2, at land plot No. 696, map sheet No. 21 and land plot No. 692, map sheet No. 27 in Doai Thuong hamlet, Ninh Phuc commune, Ninh Binh⁣ city, Ninh⁢ Binh province.
• 5 land use rights, house ownership ‍rights,‍ and assets‌ attached⁤ to land with areas of ‌523m2, 569m2, 588m2, 579m2, and 639m2 respectively in Ninh Khanh urban area, Ninh ‍Khanh ward, Ninh ‌Binh city, Ninh Binh province.
• 1 land‌ use right, house ownership rights, and assets attached ⁢to land, with‌ an area of 390m2 in Tay Ring⁢ Road urban area, Ninh Son ward, Ninh Binh city, Ninh Binh province.

Disposal of ⁢Assets

VietinBank⁢ Ha Giang stated that⁢ all the above‍ assets were sold at the agreed price. ‌The money collected from the disposal of ⁣the assets will be used ⁤to pay off the debt of‌ Trung Linh ⁤Phat Company Limited at VietinBank Ha ⁢Giang.

Auction of Assets by Agribank Ninh⁤ Binh

The Bank for Agriculture and Rural Development, Ninh Binh​ Branch (Agribank Ninh Binh) is also‍ auctioning off assets securing loans related ​to Trung Linh ⁤Phat.

Agribank Ninh‌ Binh is selecting a unit to‍ organize the auction of assets ​securing‍ Trung Linh Phat’s debt, ⁣including 2 land use rights on National Highway 10, Yen Bang Commune, Y Yen District, Nam‍ Dinh Province; land areas are‌ 242.2m2‍ and 405.4m2,⁤ respectively.

The assets on ⁣land in one of the two plots of land ‌mentioned above include ‌a gas station with an ‍area of about 48m2; staff ⁤housing with an ‌area of about 72m2; a⁤ gas storage area with ​an area ​of about 40m3; a rest stop with an ⁣area of about ‍45m2;‌ and a⁢ corrugated iron shed with ⁢an area of about 45m2.

The Bank will sell the above assets ‍together at ‌a starting price of VND 10 billion, excluding VAT, other taxes,⁢ fees, charges, and costs related ⁣to the transfer of ⁢ownership of the‌ assets as prescribed by law.