Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) announced on August 22 that it would auction off the debts of Ha Long Port Business Joint Stock Company and Southeast Asia Logistics Joint Stock Company.
As of July 14, 2025, the total outstanding debt of the two companies amounted to VND 173 billion. The debt of Ha Long Port Business JSC was over VND 96 billion, while that of Southeast Asia Logistics JSC was nearly VND 76.87 billion, including principal, interest, and overdue penalty interest.
The starting price for the auction of these debts, which are being sold together and not separately, is nearly VND 155.66 billion.
The collateral provided by Ha Long Port Business JSC includes several land-use rights and ownership certificates for houses and other assets attached to the land. These certificates were issued by the Ha Long city government and the Quang Ninh provincial Department of Natural Resources and Environment at various dates between 2010 and 2019, with land areas ranging from 71.3 m2 to 39,598 m2.
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Ha Long Port Business JSC is located at the Hoanh Bo Comprehensive Port Project in Quang Ninh province and is directed by Mr. Le Quang Trung.
On the other hand, Southeast Asia Logistics JSC, directed by Mr. Nguyen Tuan Huy, has provided collateral in the form of land-use rights and ownership certificates for houses and other assets attached to the land. These certificates were issued by the Quang Ninh provincial government and the Ha Long city government between 1999 and 2018, with land areas ranging from 60 m2 to 99 m2.
Additionally, the company has offered a mining license for sand and gravel within the boundaries of a project in Thong Nhat ward, Ha Long city, as well as all shares owned by Southeast Asia Logistics JSC, as part of the debt collateral.
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Mr. Tien Vu Manh, a prominent member of the Board of Directors, has demonstrated his unwavering commitment to the company by pledging his entire holdings of 16 million EVS shares, along with associated assets, as collateral for a loan taken by EVS Securities. This bold move underscores Mr. Manh’s strong belief in the company’s prospects and his willingness to personally ensure its financial stability.
The Capital Conundrum: Strategies for Navigating the Financial Maze.
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The Early Redemption of Hung Thinh Quy Nhon’s Two Bond Issues Totals VND 4,000 Billion
“Hưng Thịnh Quy Nhơn proudly announces the full redemption of two bond lots, HQNCH2124003 and HQNCH2124004, with a total issuance value of VND 4,000 billion, ahead of their maturity dates. This significant milestone underscores our financial strength and commitment to meeting our obligations.”
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SSI Secures a Credit Facility and Guarantee of up to VND 18,000 Billion at VietinBank’s Hanoi Branch.
US Dollar Makes a Modest Gain at Commercial Banks on August 11
As of 9 a.m. on August 11th, Vietcombank and BIDV listed their USD exchange rates at 23,485-23,560 VND/USD (buy-sell), a 10-dong increase from the buying and selling rates listed on August 8th.
