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Saturday, July 13, 2024

Foreclosed properties in Hoi An available for purchase

The Saigon Times

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HCMC – The Vietnam Joint Stock Commercial Bank for Industry and Trade, or VietinBank, is offering some 400 assets as collateral for defaulted debts, primarily hotels and resorts in Hoi An City in the central coastal province of Quang Nam.

The inventory includes about 30 restaurants, hotels, and resorts in Hoi An City, ranging in rating from three to five stars, with sizes ranging from hundreds to thousands of square meters. Notably, a four-star hotel with 98 rooms is listed for sale at VND420 billion, occupying a 2,000-square-meter area.

Three land plots spanning from 1,000 to 4,300 square meters are also available for purchase.

Among the assets, the most valuable one is a five-star hotel in Danang City, priced at around VND600 billion. It encompasses a 1,200-square-meter land parcel and features 236 rooms.

VietinBank, one of Vietnam’s four major state-owned commercial banks, is open to price negotiations for several resorts in Danang City, as well as in the coastal provinces of Khanh Hoa and Binh Thuan. This includes a 4,500-square-meter resort located in Ham Thuan Nam District, Binh Thuan Province.

Properties listed by VietinBank in the Mekong Delta region have garnered significant attention as well. Over 150 land plots, covering a total area of 11,000 square meters, in the outlying district of Thoi Lai in Can Tho City are up for sale.

Additionally, the bank is selling a range of vehicles, machinery, factories, and other equipment tied to defaulted debts across the country.

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