Interest equals nearly 77% of principal debt
Agribank AMC has just announced the auction of the entire debt of D&G Vietnam Co., Ltd. at Agribank Hoang Mai Branch. The loan was previously made at Agribank Nam Hanoi Branch and is currently managed by Agribank Hoang Mai Branch.
According to the notice dated August 22, 2026, the total outstanding principal and interest balance as of March 17, 2025 is more than 162.123 billion VND. Of which, outstanding principal is more than 91.610 billion VND, and outstanding interest is more than 70.512 billion VND. Overdue interest alone is more than 21.34 billion VND.
Thus, the interest amount at the above time is equivalent to nearly 77% of the outstanding principal debt.
Agribank notes that interest continues to arise from March 18, 2025. Conversely, the actual principal balance may also be lower than the announced figure if during the auction, D&G Vietnam Company fulfills additional debt repayment obligations. Therefore, more than 162.1 billion VND is the value of the outstanding balance at the time the bank finalized the data, not the balance confirmed on August 22.
The starting price of the entire debt this time is more than 82.678 billion VND, equivalent to about 51% of the total outstanding debt recorded on March 17, 2025. The gap between the two numbers is about 79.44 billion VND.
Notably, this debt was put up for auction by Agribank before. In April 2025, the starting price was once at VND 120.315 billion. Compared to this level, the current asking price is about VND 37.64 billion lower, equivalent to 31.3%. By February 2026, the starting price was brought back to VND 91.610 billion before falling to the current level.
Collateral assets attached to more than 3,500 hectares of raw material forest
The collateral for the debt is the right to exploit raw forests associated with the production value of acacia trees in the Cao Phong and Da Bac areas, Hoa Binh, according to the enterprise's investment documents.
The area mentioned in the dossier is more than 35.55 million m2, equivalent to about 3,555 ha. The value of collateral at the time of mortgage is determined to be more than 181.32 billion VND, with a collateral scope of 90 billion VND.
Legal documents also include land lease contracts, investment certificates for acacia oregano raw material forest planting projects and 32 land use right certificates listed with mortgage contracts.
Agribank said that the debt and collateral are currently implemented according to the Judgment Enforcement Decision according to request No. 59/QD-CTHADS dated January 19, 2024 of the Civil Judgment Enforcement Department of Hoa Binh province. The bank also emphasized that the debt is sold according to the current status, and auction participants need to consider their own dossiers and legal status before deciding to buy.
The registration and submission period for auction participation lasts from August 24 to 5:00 PM on August 27. The deposit is over VND 8.267 billion, with a price step of VND 100 million.
The auction is scheduled to take place at 9:30 am on September 3, 2026 in Hanoi. The winning bidder will buy the entire debt and become a new creditor, not directly buying more than 3,500 hectares of land or raw material forest.
