On Oct 12, Sacombank's debt management and asset exploitation company announced it had selected an auction organization to sell collateral securing Bamboo Airways' debt. The collateral is the commercial exploitation rights to six commercial floors of the Xi Grand Court project in Ho Chi Minh City, covering 47,316 m2 from floors 1 to 6, including a cinema of nearly 1,800 m2 and garden spaces, with a starting price of VND 3,620 billion. These rights stem from a contract between Phú Sơn Thuận Investment Construction Company and Dấu Ấn Sài Gòn Real Estate. Earlier, in April, Sacombank seized more than 86,000 m2 of FLC land in Gia Lai to handle a loan from 2021 to Bamboo Airways, as the bank is a major creditor of both the airline and FLC Group.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Sacombank phát mãi tài sản đảm bảo 3.600 tỷ đồng để thu hồi nợ của Bamboo Airways
Read the original on VnExpress ↗
Related tickers and likely impact
STB
▲ Likely positiveSaigon Treasure Bank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 118,392 bn VND |
| P/E | 38.4 |
| P/B | 1.88 |
| Close on 10/14/2026 | 64.60 |
| Change that session | -1.52% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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