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A business holding 26 Eco Green shophouses was "strangled" by Sacombank...

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) is preparing to auction 26 shophouses at the Eco Green Saigon project to settle debt and recover capital.

Báo Lâm ĐồngBáo Lâm Đồng19/07/2025

Saigon Thuong Tin Commercial Joint Stock Bank ( Sacombank ) is preparing to auction 26 shophouses at the Eco Green Saigon project to settle debt and recover capital.

Information from the Ho Chi Minh City Property Auction Service Center said that the auction will take place at 3:00 p.m. on August 14, 2025, at the Center's headquarters (No. 19/5 Hoang Viet, Ward 4, Ho Chi Minh City). The auction will be conducted directly by word of mouth, using the ascending bid method.

The auctioned assets include 26 contracts for the purchase and sale of shophouse use rights between Xuan Mai Saigon Construction Investment Joint Stock Company and Tuong Viet Trading & Production Company Limited. These shophouses belong to the base of buildings HR1, HR2, HR3 and M2, located in Tan Thuan Tay Residential Area - commercial name is Eco Green Saigon.

A business holding 26 Eco Green shophouses has its debt seized by Sacombank.
Eco Green Saigon Project (Illustration photo)

Eco Green Saigon is a complex real estate complex located in Tan Thuan ward (formerly Tan Thuan Tay ward and Binh Thuan ward, District 7), Ho Chi Minh City. The project is developed by investor Xuan Mai Saigon (belonging to Xuan Mai Corp) on an area of 14.36 hectares, with a scale of 7 towers 35-36 floors high with about 4,000 apartments, three basements, shophouses, officetels...

According to auction records, 95% of the contract value of the shophouses has been paid, with only about 5% remaining unfinished.

A business holding 26 Eco Green shophouses has its debt seized by Sacombank.
List of assets to be auctioned

The starting price for the entire lot is VND1,113 billion, with a required deposit of VND111.3 billion. The time for receiving documents and deposits lasts from July 15 to 5:00 p.m. on August 11, 2025.

Individuals and organizations wishing to participate can register to view the assets and related documents between August 6 and August 8 at the Ho Chi Minh City Property Auction Service Center.

For detailed information and instructions on participating in the auction, please contact us at 028.3811.5845 or directly at the Center.

Source: https://baolamdong.vn/mot-doanh-nghiep-om-26-can-shophouse-eco-green-bi-sacombank-siet-no-382861.html


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