Cao Nguyen Joint Stock Auction Company has just announced the auction of assets of the Con Bap Eco-tourism project, in Hoi An ward, Da Nang city (formerly Cam Nam ward, Hoi An city, Quang Nam ).

The owner of the auctioned property is Nam A Commercial Joint Stock Bank (Nam A Bank), after this bank seized the Con Bap project to settle debt.

The starting price is set at more than 3,581 billion VND, the deposit is more than 179 billion VND (equivalent to 5% of the starting price).

The auction will take place at 8:30 am on September 30 at 30 Nguyen Tat Thanh, Hoi An Tay Ward, Da Nang . The registration deadline ends on September 25.

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The project is located in a prime location, adjacent to Hoi An ancient town and more than 80% of the area is surrounded by Thu Bon river. Photo: Ha Nam

Previously, Nam A Bank issued a notice of seizure of the secured assets of Con Bap Eco-Tourism Company Limited. All rights and interests arising from the Con Bap project are mortgaged under the contract signed on July 2, 2024 to secure loan obligations.

As VietNamNet reported, in 2010, the People's Committee of Quang Nam province (old) leased land to Con Bap Hoi An Eco-tourism Company Limited to implement the project.

In April 2021, the project started construction, with the commercial name Hoian d'Or, with a total investment of about 3,959 billion VND. Items include 52 villas, 300 condotels, 202 shophouses, a 272-room 5-star hotel, and a 193-room boutique hotel.

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202 shophouses have been completed in phase 1 of the project. Photo: Ha Nam

By September 2022, phase 1 with 202 shophouses was completed and handed over to customers. However, phase 2 then fell into stagnation and prolonged delays.

According to research, Con Bap Eco-Tourism Company Limited is a member of BCG Land (stock code: BCR), an enterprise belonging to the Bamboo Capital ecosystem (code BCG).

This company has a charter capital of VND 398 billion, of which BCG Land holds 50.1% of capital as of December 31, 2024.

Subsequently, the entire capital contribution at Con Bap Company was mortgaged to secure the bond lot worth VND 2,500 billion. At the end of February 2025, the Hanoi Stock Exchange (HNX) announced the temporary suspension of trading for this bond lot.

Source: https://vietnamnet.vn/dau-gia-du-an-con-bap-o-da-nang-de-xu-ly-no-khoi-diem-hon-3-581-ty-2443016.html