•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
VietinBank is holding the second auction for the Tanifood Tay Ninh plant in connection with the Van Thinh Phat case, with a starting price of 1.2 trillion dong, 10% lower than the previous listing.
VietinBank’s Tay Ninh branch, in coordination with the Ho Chi Minh City Asset Auction Service Center, will auction two Lavifood assets to recover debts.
The auctioned assets include the land-use rights, buildings, and the full system of machinery and equipment of the Tanifood Tay Ninh agricultural processing plant project in Thanh Duc commune, Tay Ninh province.
The first asset is the land-use rights for an area of more than 142,900 square meters, together with the buildings on the land, used as the Tanifood Tay Ninh Plant. The starting price is about 780 billion dong, including more than 460 billion dong for land-use rights and about 320 billion dong for the value of the buildings.
The second asset is the entire system of production lines and machinery for the Tanifood Tay Ninh plant project, with a starting price of over 430 billion dong.
The total starting price for the two assets in this round is over 1,216 billion dong (excluding VAT and related taxes, fees, and charges linked to asset transfers). This represents a 10% reduction from the 1,350 billion dong starting price previously advertised by VietinBank in mid-March.
Lavifood Joint Stock Company operates in the agricultural product processing sector and is among the companies linked to Mrs. Truong My Lan, whose assets were seized for enforcement in the Van Thinh Phat case.
The Tanifood processing plant owned by Lavifood covers 15 hectares, with invested capital of 1,780 billion dong. The plant has been described as the largest processing plant in Vietnam and one of the five most technologically advanced plants in the Asia-Pacific region.
In the Van Thinh Phat case, the court has proposed unfreezing and allowing VietinBank to coordinate with the civil enforcement agency to handle and recover the debt. The remaining value of the asset will be deposited to ensure the debtor’s obligations by Truong My Lan.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
