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2 clusters · 4 sources · 8 days · First seen · Last updated

Vietnamese bank debt recovery auctions

Overview

Vietnamese banks are conducting various asset auctions to recover debts. In Tay Ninh province, VietinBank has reduced the starting auction price for the Tanifood agricultural processing plant to 703 billion VND, a decrease of approximately 42% from its initial price. This plant was used as collateral for a loan to Lavifood, a company linked to Truong My Lan in the Van Thinh Phat case.

Simultaneously, banks such as VPBank and Agribank are liquidating automobiles held as collateral. These auctions include various models, such as Mitsubishi, MG, VinFast, and Mercedes-Benz vehicles, with some starting prices falling below 300 million VND or being offered at rates below market value.

Entities

Tanifood Tây Ninh · Mercedes-Benz · VinFast · VPBank · Lavifood

Timeline

  1. [BUSINESS] 3 sources
    Vietnamese banks auction vehicles to recover debts

    Banks in Vietnam, including VPBank and Agribank, are auctioning off vehicles held as collateral to settle debts, with many cars offered at prices below 300 million VND.

  2. [BUSINESS] 2 sources
    VietinBank reduces auction price for Tanifood Tay Ninh plant

    VietinBank has lowered the starting auction price of the Tanifood Tay Ninh plant to 703 billion VND to recover debts linked to Lavifood and the Van Thinh Phat case.

Sources

cafebiz.vn · cafef.vn · kenh14.vn · soha.vn