A company with a registered capital of 12 billion VND owes nearly 200 billion VND to Agribank

Vietnam Japan Investment Company owes a principal amount of VND 65 billion and an interest debt of VND 133.8 billion to Agribank. The total outstanding debt as of February 29, 2024 is VND 198.8 billion.

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On 11th March, Agribank Saigon Central Branch announced the information of appraisal fee for debt of Nhật Việt Investment Joint Stock Company.

Nhật Việt Investment is a company with a charter capital of 12 billion dong. The business field is land leveling, construction of traffic works, water supply and drainage system, 35KV and below transformers and substations. Investment in construction and business of infrastructure for industrial areas, residential areas, and tourism areas. Goods transportation by truck. Study abroad consultancy. Domestic tourist support. Housing business.

Agribank stated that as of 29th February 2024, the outstanding loans of Nhật Việt Investment at this bank were 198.8 billion dong. In which, the principal debt was 65 billion dong and the interest debt was 133.8 billion dong.

The debt has collateral assets including land use rights at 14A51-52 Thảo Điền ward, district 2 (now in Thủ Đức city), Ho Chi Minh City; 6 specialized motorbikes (excavators, cranes) and 8 domestic watercraft.

Regarding the land use rights, the collateral assets includes 2 plots of land numbered 1162-45 (435m2) and 1162-46 (456m2) in Thảo Điền ward, District 2 (now in Thủ Đức city), Ho Chi Minh City.

These 2 plots of land are all owned by Khang Thông Trading Service Construction Joint Stock Company.