Bank Auction: 30 Cars on Sale Starting at Just $2,500 Each

Agribank is auctioning off assets securing loans from BG Taxi Joint Stock Company, a traditional taxi firm previously operating in Hanoi. The lot includes 30 Kia Morning vehicles, starting at a mere 1.8 billion VND.

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Agribank’s Hoang Mai Branch (Hanoi) is auctioning 30 Kia Morning vehicles, which serve as collateral for loans taken by BG Taxi Joint Stock Company. BG Taxi has voluntarily surrendered these assets to the bank for liquidation in accordance with legal debt recovery procedures.

The starting price for the entire lot is VND 1.8 billion, equivalent to VND 60 million per vehicle.

Established in 2007, BG Taxi operates in the traditional taxi transportation sector with its headquarters in Hanoi. In 2012, the company was suspended by the Ministry of Transport’s Inspectorate due to violations in its transportation business operations.

Bank auctions 30 cars at a starting price of VND 60 million each. Illustrative image

In addition to BG Taxi’s assets, Agribank and its affiliated branches are auctioning several other vehicles used as collateral.

Agribank’s Tan Dinh Branch (Ho Chi Minh City) is auctioning a 2008 Mitsubishi Pajero GL specialized vehicle with license plate 57L-5834. The starting price is VND 80 million. This type of vehicle is commonly used by banks for cash-in-transit services.

The same branch is also auctioning a 2009 Hyundai Santafe specialized vehicle with license plate 51A-524.25, starting at VND 150 million.

Furthermore, Agribank AMC is auctioning a 2019 Land Rover passenger car with license plate 51F-892.57. This vehicle serves as collateral for a loan taken by PGV Investment LLC under a 2019 credit agreement with Agribank’s An Phu Branch, co-signed by Mr. P.V.D. and Ms. D.T.T.T. The starting price is VND 2.63 billion.

All auctioned assets are sold in their current condition, including physical state and legal status, on an “as-is” basis.

Bidders are responsible for inspecting the assets and verifying their quality, quantity, and legal status based on actual conditions.

Successful bidders must independently contact relevant authorities to complete legal documentation and transfer ownership rights.

Participation in the auction implies acceptance of the asset’s condition, legal status, and associated risks. Bidders are solely responsible for any issues and agree not to file complaints post-auction.

Tuấn Nguyễn

– 10:11 17/01/2026

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