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The tourism giant in Hanoi’s Old Quarter was forced by a bank to owe a series of cars

April 23, 2022 07:09 GMT+7

After Covid-19 passed, many businesses, including tourism and transport businesses, fell into illiquidity and could not repay bank loans. Banks have to sell bad debts to salvage the loan capital.

Saigon – Hanoi Commercial Joint Stock Bank (SHB) recently announced the sale of bad debt of Queen Travel Service Co., Ltd at SHB Hoan Kiem branch at an agreed-upon price.

Queen Travel Service Co., Ltd is a well-known enterprise among tourism enterprises in Hanoi Old Quarter area.

This company was established in 2008, with registered office at 29 Hang Hom Street, Hang Gai Ward, Hoan Kiem District, Hanoi, by Mr. Nguyen Van Hien as the legal representative.

In addition to the head office in Hanoi, the company also has two branches in Hue city (Thua Thien – Hue) and Sapa town, Sapa district (Lao Cai), with a fleet of sleeper buses and 29-seat cars serving tourists. schedule from Hanoi to Hue, Sapa, and other places across the country.

It is known that the bad debt of Queen Travel Service Co., Ltd., which SHB is selling with secured assets including 6 cars, is valued at VND 18,290 billion.

Specifically, 02 Thaco sleeper buses, each with 34 beds, valued at VND 3,680 billion each by the bank; 01 Thaco 22-bed passenger car, valued at VND 4,050 billion; 01 Thaco 40-bed passenger car, valued at VND 3.5 billion; and 02 Samco 29-seat cars, each valued at VND 1,690 billion.

Previously, a famous passenger transport enterprise in Quang Ninh, Trung Thanh Logistic Trading Joint Stock Company (Trung Thanh Garage), was also notified by VietinBank to sell collateral to deal with bad debts. The property for sale includes 20 cars, including 8 7-seat cars, brand Isuzu, model number MU-X, manufactured in 2019 and 12 11-seat Hyundai Solati Limousine passenger cars, manufactured in 2019. Transfer price by agreement.

The tourism giant in Hanoi’s Old Quarter was forced by a bank to owe a series of cars

Also at SHB, this bank has just announced the exercise of the right to sell loans from customers, Hoang Tuan Trading and Import-Export Joint Stock Company (Hoang Tuan Company) at SHB Hanoi Branch. Notably, in addition to a land plot with an area of ​​​​50.9m2 (worth VND2.2 billion) in Thuong Dinh ward, Thanh Xuan district, which is mortgaged by this company for a loan, the remaining collateral is a series of cars. luxury cars, valued by the bank with a total value of only VND 15,482 billion.

These collaterals include: 01 five-seat car of Chrysler 200 Limited brand; 02 cars 05-seat Ranger Rover Evoque 2012 cars; 01 Ranger Rover Evoque 2011 5-seat car.

As usual, SHB does not disclose the details of the starting price of the debt as well as other information related to the debt.

It is known that Hoang Tuan Company was established in 2008 by Ms. Pham Thi Viet Ha as the legal representative. This company operates in the field of buying, selling and consigning cars.

Ngan Giang

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