The bank sells for hundreds of billions of dong nearly 400 villas and hotels.

DNHN - VietinBank is selling nearly 400 land use rights and assets on the land, including villas, restaurants, and hotels, for up to hundreds of billions of dong.

VietinBank is selling 396 land use rights in Hanoi, Ho Chi Minh City, Da Nang, Hoi An City (Quang Nam), Can Tho City, Phu Quoc (Kien Giang), Tay Ninh, Ms. Ria - Vung Tau, and Khanh Hoa... These are all collateral assets that must be managed to collect this bank's debts.

The cost of a 5-star hotel in Da Nang City exceeds 600 billion

Notably, this bank offers a large number of real estate properties such as villas, hotels, and restaurants for sale via auction or sale agreement. Ho Chi Minh City has approximately 30 land use rights, including numerous villas and 3- to 5-star hotels. Hoi An (Quang Nam) is available for purchase from the bank.

Several properties are for sale for hundreds of billions of dong, including a 4-star hotel with 105 rooms and a land area of 1,830 m2 for 420 billion dong. Similarly, another 4-star hotel with an area of 9,057 m2 and 98 rooms is for sale for 420 billion VND; a plot of land with an area of 4,217 m2 is for sale for 277 billion VND; a hotel with 137 rooms is for sale for 365 billion VND on a plot of land measuring 1,786 m2...

Also in Hoi An, VietinBank is selling land use rights of 686.7 m2 and a 3-star villa with 18 rooms priced at VND 110 billion; a 4-star hotel with a capacity of 55 rooms on a land area of 1,032 m2 priced at 120 billion; a 4-star hotel with a capacity of 137 rooms on a land area of 1,737 m2 priced at 240 billion; a 4-star hotel with a capacity of 95 rooms on a land of 1,757 m2 priced at VND 260 billion...

This bank is selling a 5-star hotel in Da Nang with an area of 1,220 square metres, a construction area of 21,702 square metres, and a capacity of 236 rooms for 600 billion Vietnamese Dong.

In addition, the location with the most real estate for sale by VietinBank is the district of Thoi Lai in the city of Can Tho, with a total of 145 properties, primarily land plots ranging in size from 90 to 2,200 square metres. Popular prices range from 990 million to over 20 billion Vietnamese Dong. Notably, some plots of land with an area greater than 40 m2 are sold for 280 million VND and up.

49 homes in Ho Chi Minh City and Hanoi

In Ho Chi Minh City, this bank also sells 37 properties consisting of land and land-related assets. Numerous properties are valued at tens of trillions of dong. For example, a commercial and service land lot with an area of 1,058 m2 located at 99 Nguyen Huu Canh in the district of Binh Thanh is being offered for sale with a starting price of VND 213 billion; or an apartment located at 74 Ham Nghi in District 1 with a selling price greater than VND 34 billion...

A land plot of 128.6 m2 and a house of 477.7 m2 on land in Tan Binh district is for sale for VND 10 billion; a land plot near 71 m2 at 207/5 Nguyen Van Dau, Binh Thanh district is for sale for more than 8 billion dongs; or real estate at 30/27 Tan Quy, Tan Phu district is for sale for more than 1.9 billion dong...

VietinBank offers 12 properties in Hanoi ranging in price from several billion to tens of billions of dong. The lowest price is the right to use land, houses, and other assets in Ha Dong district, with an area of 48.5 m2 for 2.4 billion VND; 2 apartments at 54A Nguyen Chi Thanh (Dong Da) with an area of 80.3 m2 and an apartment at No. 1 Nguyen Huy Tuong (Thanh Xuan) with an area of 135 m2 with selling prices of VND 5.3 billion and VND 4 billion, respectively.

In addition to the hundreds of properties mentioned previously, VietinBank simultaneously announced the sale of 556 consumer loans. These are the unsecured consumer loans of 556 individual borrowers.

The total value of the debt (including principal, interest, and penalty interest) is 11,900,000,000 VND, and the total starting price for the debts listed above is 11,900,000,000 VND. Consumer loans are sold by selling each debt, some debt or all debt. Participants in the auction will be required to pay a deposit equal to the amount of the debt.

The smallest debt in this group is approximately 500,000 VND, while the largest debt is 185 million VND.

This is not the first time this bank has sold bad loans for low-value consumer loans to individual clients. This bank has sold similar consumer loans numerous times in the past.

VietinBank remains one of the few banks to auction off consumer loans from individual customers.

Nghe Nhan (Synthesis)