VietinBank Offers Debt Secured by Over 30 Real Estate Properties and 2.6 Million DDG Shares for Sale

Over 30 land plots and 2.6 million shares were pledged as collateral for the debts of three large enterprises at VietinBank.

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VietinBank AMC announces the sale of debts from three companies at VietinBank Branch 4, Ho Chi Minh City.

The first debt belongs to Phuong Thanh Tam Group JSC, arising from a credit contract in 2021. This debt is secured by two real estate properties located in Trung An, Cu Chi district, Ho Chi Minh City, both owned by Mr. Vo Van Dao, the legal representative of Phuong Thanh Tam Group JSC.

The second debt is that of Dong Duong Industrial Import-Export Investment JSC, arising from a credit contract in 2022. The collateral for this debt includes two land plots in Phu Huu, Thu Duc City, Ho Chi Minh City, and 27 real estate properties in Tan Phu district, Dong Nai province. Additionally, 2.6 million DDG shares of Dong Duong Company, owned by Mr. Le Nhat Phong and Mrs. Le Thi Xuan Yen, are also part of the security.

The third company with a debt for sale is Reenize Trading JSC, with the debt originating from a credit contract in 2023. This debt is secured by seven real estate properties and assets attached to the land.

Specifically, the first collateral is the entire land-use right and assets attached to the land at Lot 501, Map 39 in Hiep Phu ward, Thu Duc City, Ho Chi Minh City, owned by Mr. Nguyen Van Diem and Mrs. Nguyen Thi Huong Sen. The second collateral is the entire land-use right and assets attached to the land at Lot 516, Map 41 at 41 Truong Van Thanh, Hiep Phu ward, Thu Duc City, Ho Chi Minh City, owned by Mr. Do Dinh Xam and Mrs. Nguyen Thi Doan.

The third collateral is the entire land-use right and assets attached to the land at Lot 645, Map 259 at 40 Go Xoai, Ward 11, Binh Hung Hoa A ward, Binh Tan district, Ho Chi Minh City, owned by Mr. Pham Van Re and Mrs. Le Thi Thanh Thuy. The fourth collateral is the entire land-use right and assets attached to the land at Lot 1420, Map 6 in Tan Dong Hiep ward, Di An city, Binh Duong province, owned by Mr. Nguyen Anh Tuan and Mrs. Pham Thi Thu.

The fifth collateral is the entire land-use right and assets attached to the land at Lot 616, Map 19 at A5 Tran Phu, Ward 4, Vinh Long city, Vinh Long province, owned by Mr. Tong Dinh Thang and Mrs. Le Thu Ha. The sixth collateral is the entire land-use right and assets attached to the land at Lot 84, Map 25 at 39 Trung Luong 11, Lot 61, Area B1-12, Eco-urban area along the Hoa Xuan river – phase 1B, Hoa Xuan ward, Cam Le district, Da Nang city, owned by Mr. Pham Do Minh Triet.

The seventh and final collateral is the entire land-use right and assets attached to the land at Lot 134 (formerly B2-56-8), Map 331 (formerly Golden Hills – phase 1) at the Golden Hills project (phase 1) – Area A, Hoa Hiep Nam ward, Lien Chieu district, Da Nang city, owned by Mrs. Nguyen Thi Hoang Oanh.

The debts of these three companies are being sold by agreement at a negotiated price.