Bank reduces price of FLC yacht by nearly 10 billion VND

After more than a year of no buyers, the FLC Alabatross yacht is about to be auctioned for the 6th time, with a price starting at 25.8 billion VND - a decrease of about 10 billion VND.

FLC's yacht was first auctioned in November 2022 with a starting price of nearly 36 billion VND. This is the property that FLC Group mortgaged at the Bank for Investment and Development of Vietnam - BIDV Quy Nhon branch.

FLC Albatross yacht anchored in Ho Chi Minh City at the end of October 2022. Photo: Dinh Van

FLC's yacht belongs to the Galeon 660 Fly series and was built in Poland in 2017. FLC Albatross has a design length of nearly 22 m, a width of more than 5 m, and a side height of 3.15 m. The yacht has 4 bedrooms, a bar, a sunbathing area, and a party venue. The registered capacity of the ship is 12 people.

However, after 5 auctions over the past year, the bank has not yet been able to liquidate this luxury yacht. The 6th sale will be held on January 19 in Phu Nhuan District, Ho Chi Minh City.

The starting price of the FLC Alabatross yacht is 25.8 billion VND. Thus, this price has decreased by about 10 billion VND compared to the first auction. Customers who want to participate in this yacht need to deposit 10% of the starting price, equivalent to more than 2.58 billion VND.

Currently, the yacht is anchored at Sa Ke wharf in Ward 13, Binh Thanh District, Ho Chi Minh City, managed and maintained by FLC. This vehicle was registered since November 2018.

In addition to the yacht, after former FLC Chairman Trinh Van Quyet got into trouble with the law, banks repossessed some of his and his company’s expensive assets to auction off to settle debts. Last year, after many unsuccessful attempts, Mr. Quyet’s two Rolls-Royce luxury cars also found new owners after the starting price was reduced by billions of dong.

Anh Tu

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