BAMC, the asset management and debt recovery unit of BIDV, announced it plans to seize an 18,027 m2 land plot in the Thủy Tú eco-urban area of Da Nang, owned by Trung Nam Joint Stock Company, to recover debt, starting at 8:00 on October 30, 2026. Trung Nam mortgaged the land to secure loans taken by two individuals from BIDV's Quang Trung branch. The bank had requested handover of the collateral since July 24, 2026, but the parties had not carried it out when the notice was issued. The notice does not disclose the outstanding debt or the separate valuation of the collateral. The Golden Hills City project covers a planned area of over 335 ha, and on July 7, 2026, Da Nang's People's Committee raised its total investment from 4,400 billion VND to more than 15,468 billion VND as part of efforts to resolve legal obstacles. Some 2,804 residential plots covering more than 42 ha have been completed and transferred, while the remaining works are scheduled for completion between 2027 and 2034.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: BIDV thông báo thu giữ hơn 18.000 m2 đất của Trung Nam để xử lý nợ xấu
Keywords
BIDbanksreal estatenon-performing loans
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Related tickers and likely impact
BID
• NeutralBIDV
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 262,904 bn VND |
| P/E | 8.2 |
| P/B | 1.39 |
| Close on 10/23/2026 | 34.25 |
| Change that session | +1.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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