To: Asset Auction Organizations

Shinhan Bank Vietnam Limited would like to send our best regards to all of you.

For the purpose of ensuring obligations in Shinhan Bank Vietnam – Ha Noi branch according to engaged Agreement, Mr. Do Duc Thi has mortgaged assets to Shinhan Bank Vietnam Limited – Ha Noi branch according to Mortgage Contract notarized no. 1149/2015/HĐTC, Book no. 03 TP/CC-SCC/HĐGD dated 16/06/2015  at notary office A9; address No. 62 Nguyễn Khánh Toàn, Cầu Giấy district, Hanoi.

Until now, Mr. Do Duc Thi has violated seriously payment obligations and don’t have any ability to perform obligations according to engaged Agreement. Therefore, Shinhan Bank Vietnam Limited has decided to dispose mortgaged assets to recover debts.

By this letter, Shinhan Bank Vietnam Limited would like to inform the selection of asset auction organizations, details as following:

a) Name, address of the person having the auctioned asset: Shinhan Bank Vietnam Limited – Ground floor, mezzanine, 2nd & 3rd floor, Empress Tower, 138-142 Hai Ba Trung, Da Kao ward, District 1, Ho Chi Minh city.

b) Name of the asset, quantity and quality of the auctioned asset:

All assets attached to land including all asset located at LUR_ 98 m2  (Address: No.6, Lane 442 Ngo Gia Tu str, Duc Giang ward, Long Bien district, Hanoi city)  based to Mortgage Contract notarized no. 1149/2015/HĐTC, Book no. 03 TP/CC-SCC/HĐGD dated 16/06/2015  at notary office A9; address No. 62 Nguyen Khanh Toan, Cau Giay district, Hanoi.)

  • All utilities and other structures attached to above-mentioned land-attached-assets (according to Mortgage contract No. SHBVN/BN/2016/MA-0033 dated 15/03/2016), including:

c) The starting price of the auctioned asset: VND 3,600,000,000 (In words: Three billion, six hundred million dongs only./.)

d) Criteria for selection of an asset auction organization:

  • Auction organization: having address office with auction room and information system for auction process.

  • Feasible, effective auction plan: auction plan, progress suitable to request of Shinhan Bank Vietnam Limited.

  • Capacity, experience and prestige of asset auction organization: having at least 05 years of experience in auction, at least 03 auctioneers being working in organization.

  • Auction service fee, auction costs in accordance with laws;

  • Being in the list of asset auction organizations announced by Ministry of Justice;

  • Legal, capacity documents: Notarized Copy of Business Registration Certificate, Investment Certificate or Decision of establishment, with the lawful business line according to regulation of laws.

    e) Time and location for submission of registration files for participation in auction organization: 03 days from the announcement day of selection of asset auction organizations. Registration shall be delivered directly or by post.

Contact information: Credit Collection Team, Shinhan Bank Vietnam Limited – Northern Representative Office, 38th Floor, Keangnam Landmark 72 Building, Pham Hung street, Nam Tu Liem district, Hanoi City. Tel number: 0243 2263226 (Ex-303 or 313).