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2 clusters · 3 sources · 15 days · First seen · Last updated

BIDV debt recovery and asset seizures in Vietnam

Overview

BIDV has initiated several legal actions to recover overdue debts through the seizure of collateralized assets in Vietnam.

In October 2026, the BIDV North Saigon Branch announced plans to seize 23 land plots and associated assets within the Lang Sen Residential Area. This action follows the failure of Thao An Hoa Co., Ltd. and guarantor Phuc Khang Sen Viet L.A. Investment Co., Ltd. to fulfill obligations on a loan that has been overdue since May 2025. The seizure process was scheduled to begin on October 20, 2026.

Later in the month, the BIDV Asset Management and Exploitation Company (BAMC) announced the planned seizure of a villa in the Vinhomes Riverside urban area in Hanoi. The property was used as collateral by Dang Thi Huong Lan to secure loans for Vietnam Medicinal Materials Joint Stock Company. Following a failed request for handover in August 2026, the bank scheduled the seizure for November 13, 2026.

Entities

BIDV · Lang Sen Residential Area · Phuc Khang Sen Viet L.A. Investment Co., Ltd. · Vietnam Medicinal Materials Joint Stock Company · Thao An Hoa Co., Ltd.

Timeline

  1. [BUSINESS] 3 sources
    BIDV to seize Vinhomes Riverside villa in Hanoi

    BIDV plans to seize a large villa in Hanoi's Vinhomes Riverside area to recover debts owed by Vietnam Medicinal Materials Joint Stock Company.

  2. [BUSINESS] 4 sources
    BIDV to seize 23 land plots at Lang Sen project over debt

    BIDV North Saigon is seizing 23 land plots at the Lang Sen Residential Area to recover overdue debts from Thao An Hoa Co., Ltd. following a failure to voluntarily repay the loan.

Sources

cafebiz.vn · cafef.vn · soha.vn