Agribank reported a profit of nearly 13,000 billion
Credit growth is limited due to the lack of capital increase, Agribank’s profit decreased by nearly 9%
Agribank is still trying to sell a series of real estate worth tens to hundreds of billions of Tan Hoang Minh.
In the latest move, Agribank Trang An Branch continues to announce the fourth auction of debt mortgaged by land plots belonging to the Thien Bao Phu Quoc Tourist Area project and the Hoang Hai Tourist Complex (Phu Quoc) – capital is the collateral for loans of some businesses.
Agribank 4 times offered Tan Hoang Minh's real estate for sale.
Agribank had to sell up to 4 times the debt of businesses related to Tan Hoang Minh Group in about 1 month, but there were still no buyers.
Accordingly, the Bank for Agriculture and Rural Development (Agribank) Trang An Branch has just announced the 4th auction of debts of land plots belonging to the Thien Bao Phu Quoc Tourist Area and Hoang Hai Tourist Complex project (Phu Quoc).
This is the collateral for loans from businesses related to Tan Hoang Minh.
For Hoang Hai Tourist Complex (Phu Quoc), Manh Loan Construction and Trading Company Limited mortgaged 6 land use rights and assets attached to land (debt value as of August 4 was more than 105 billion VND, starting price 90 billion VND); Mivi Vietnam Trading and Services Co., Ltd. mortgaged 4 land use rights and assets attached to land (debt value as of August 4 is more than 52 billion VND, starting price is nearly 46 billion VND) and Green-Art Landscape Infrastructure Joint Stock Company mortgaged 3 land use rights and assets (debt value as of August 4 is nearly 38 billion VND, starting price is 33 billion VND).
Related Thien Bao Phu Quoc Tourist Area, Hanoi Import-Export - Business Investment and Commercial Services Co., Ltd mortgages land use rights and assets attached to the 2,641 m2 plot of land (debt value As of August 4, more than nearly 63 billion VND, starting price is nearly 54 billion VND).
Xuan Nam Construction Services Co., Ltd. mortgaged land use rights and assets attached to the 1,884.4 m2 plot of land (debt value as of August 4 is nearly 46 billion VND, and the starting price is nearly 40 billion VND copper).
Thien Bao Phu Quoc Tourist Area and Hoang Hai Complex Tourist Area are part of a tourist and entertainment complex with a scale of nearly 34 hectares and more than 20 km of beach at Bai Truong, Duong To commune, Phu Quoc City, Kien Giang province.
This project is also advertised with the name D'Thien Bao, started by the investor, Tan Hoang Minh Group, from the end of 2021 with a total investment of 24,000 billion VND (nearly 1 billion USD) - tourism complex project - Resort - entertainment includes hotel apartment buildings, resort systems, shophouse systems, luxury villas...
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In addition to the above debts, the Agribank Trung Yen branch has just announced the third auction of debts of businesses related to the Tan Hoang Minh Group.
The first is the debt of Hoang Hai Phu Quoc Housing Development Investment Joint Stock Company (Hoang Hai Phu Quoc Company) with a starting price of nearly 253 billion VND.
This is a Tan Hoang Minh ecosystem member enterprise legally represented by Do Hoang Viet - son of Tan Hoang Minh Group chairman - Do Anh Dung.
This company owns the Hoang Hai tourist complex project in a tourism and entertainment complex with a scale of nearly 34 hectares and more than 20 km of beach at Bai Truong, Duong To commune, Phu Quoc City, Kien Giang Province.
Next is the debt of Quang Trung Real Estate Investment Company Limited, with a starting price of nearly 64 billion VND. This enterprise was established in February 2018, headquartered at 24 Quang Trung, Tran Hung Dao, Hoan Kiem, Hanoi (coinciding with the headquarters address in Hanoi of Tan Hoang Minh Group). The current legal representative of this enterprise is Mr. Tran Phuong.
Agribank is also handling the debt of Anh Thang Construction Consulting Co., Ltd. with a starting price of nearly 64 billion VND (down 7 billion VND compared to the first sale).
According to records, this business was established in May 2011, headquartered at D'.Le Pont D'or Building, O Cho Dua Ward, Hanoi City (a project of Tan Hoang Minh Group).
A member of Tan Hoang Minh is Viet Star Real Estate Investment Company Limited, which once held more than 98% of the charter capital of this enterprise.
However, the company no longer does business at the above-registered National Business Registration Portal address.
