BIDV Hóc Môn Announces Auction of Land and Property in Ho Chi Minh City
The Joint Stock Commercial Bank for Investment and Development of Vietnam – Hoc Mon Branch (BIDV Hoc Mon) has announced an auction for a land plot and its attached assets located at 90B National Highway 22, Trung My Tay Ward, Ho Chi Minh City.
According to the announcement, the land plot spans over 3,871 square meters and is zoned for production and business purposes with a 50-year usage term starting from August 11, 2010. The starting bid for this auction is set at 148.6 billion VND, nearly 52 billion VND lower than the price offered in the previous auction held in late June 2025. Participants are required to deposit 5% of the starting bid, amounting to over 7.4 billion VND.
BIDV clarifies that the starting bid does not include costs associated with the transfer of ownership/usage rights, registration fees, or any other expenses (if applicable) incurred during the asset acquisition process. These costs will be borne by the winning bidder.
BIDV Hoc Mon emphasizes that the property is sold in its current condition on an “as-is” basis. This means buyers must independently assess and accept all issues related to the property’s condition, legal status, and associated risks.
BIDV, VietinBank, Vietcombank, and Agribank Simultaneously Auction Real Estate Collateral.
BIDV is also conducting asset auctions in other localities. Recently, BIDV Hue Branch announced the auction of the entire debt owed by a group of customers, including Thanh Trang Co., Ltd., Viet Trang Beverage Co., Ltd., and Hoang Lan Co., Ltd.
The debt being auctioned includes principal, interest, and accrued expenses. As of September 24, 2025, the total book value reached nearly 211 billion VND, with over 123 billion VND in principal and more than 87 billion VND in interest.
To secure the loan, the customer group pledged multiple properties in Hue City, including: a 517 m² plot at 29 Doi Cung, a 275 m² plot at 72-74 Ben Nghe, and a 110 m² plot at 47 Xuan Thuy. Additionally, the collateral includes a KIA car owned by Thanh Trang Co., Ltd.
Beyond BIDV, several other banks are actively addressing non-performing loans through collateral auctions.
In Tay Ninh, VietinBank Tay Ninh Branch is collaborating with the Eastern Auction Joint Venture to auction the debt of three customers: Hong Lien Tay Ninh Co., Ltd., Ms. Nguyen Thu Thao, and Mr. Huynh Huu Nghia. The collateral includes seven properties in Tay Ninh, valued at nearly 34 billion VND.
Meanwhile, Vietcombank Ha Tinh Branch announced the auction of two land plots in Cai Dan Ward, Song Cong City, Thai Nguyen Province. The total auction value of these plots is approximately 10 billion VND.
Agribank Branch 9 also announced the auction of land use rights, home ownership, and other assets attached to a 2,552 m² plot in Tan Thanh Dong Commune, Cu Chi District, Ho Chi Minh City (now Phu Hoa Dong Commune). This land is designated for perennial crops with a usage term until July 1, 2070. The starting bid for this plot is set at nearly 8.5 billion VND.
Unlocking Land Value: Ho Chi Minh City Aims to Generate $3.7 Billion by Resolving Land Pricing Bottlenecks
Unraveling land valuation complexities, Ho Chi Minh City is poised to address the long-standing issue of stalled housing projects, aiming to unlock tens of thousands of dormant residential units.
Exclusive List of Apartments Available for Foreign Buyers in Ho Chi Minh City
As of now, Ho Chi Minh City boasts 88 projects eligible for sale to foreigners. Among these, Phu My Hung Development Ltd. leads with 39 projects, primarily located in Zone A of the South Saigon New Urban Area, spanning Tan Hung and Tan My wards.
Elevating Vietnam’s Global Standing Through an International Financial Hub
Amidst the dynamic shifts in the global economy, Vietnam is strategically positioning itself to establish an international financial hub as a new growth engine. This ambitious initiative aims to serve as a magnet for global capital and expertise, while simultaneously elevating the nation’s standing on the world financial map.
Ho Chi Minh City: When Will the Mai Chi Tho Bike Lane Pilot Be Expanded Citywide?
Cycling enthusiasts in Ho Chi Minh City can now enjoy a dedicated bike lane on Mai Chi Tho Street as part of a pilot program. However, plans to expand this initiative face challenges due to limited infrastructure, narrow sidewalks, and other unresolved issues that require immediate attention.
The $860 Million Project: Foreign Giant’s Exit and Vietnamese Tycoon’s Takeover Bid in Ho Chi Minh City
Eco Smart City, once envisioned as a landmark development with an initial investment of over $8.7 billion, was set to transform the heart of Thu Thiem. However, after years of delays, Lotte officially withdrew from the project. Shortly thereafter, the consortium of Sunshine – Dia expressed interest in taking over the prime 7.45-hectare site.
