Sacombank SBA, the asset management and debt collection arm of Saigon Joint Stock Commercial Bank, recently announced the seizure of collateral assets of Bamboo Airways Joint Stock Company. Specifically, on May 29, 2026, SACOMBANK SBA sent a notice requiring the borrower to repay the loan and the collateral holder to voluntarily surrender the collateral and the legal documents for asset disposal by June 9, 2026. However, the borrower and the collateral holder did not comply. Accordingly, on June 11, 2026, SACOMBANK SBA issued a decision to seize the collateral for Bamboo Airways’ bad debt.
The seized assets include asset rights such as debt collection rights, rights to demand payment, rights to benefit from contracts, exploitation rights, transfer rights, lease rights, asset management rights, rights to compensation for damages under contracts, rights to insurance benefits, rights to compensation for damages outside contracts, and cash value arising from the future-construction sale contract No. 01/2017/HĐMB/PST-SSI dated December 22, 2017, signed between the mortgagee Saigon Real Estate
Investment and Development Group and Phu Son Thuan Construction Investment Co., Ltd.
Also included are profits, income, receivables, fees earned; other benefits currently and in the future from the economic contract, including but not limited to money and/or other benefits derived from further investment, use and exploitation of the shopping center area.
Proof of ownership for the collateral asset is the Future Construction Project Sale and Purchase Contract No. 01/2017/HĐMB/PST-SSI dated December 22, 2017.
Previously, Sacombank had also seized collateral for Bamboo Airways’ bad debt. On March 31, 2026, Sacombank decided to seize assets of Bamboo Airways’ bad debt, including land use rights covering 86,308.9 square meters (86,267.5 sq m rural residential and 41.4 sq m urban residential) under 355 land-use certificates, ownership of houses and other land-attached assets at the Dak Doa area, Gia Lai Province (now Dak Doa Commune, Gia Lai) issued by the Gia Lai Department of Natural Resources and Environment on September 9, 2021. The owner of this real estate is FLC Group JSC. The usage term runs until July 27, 2071.
