
Not too long ago, the director of a water therapy know-how firm with greater than 10 workers needed to “chunk his enamel” to promote his Mercedes C200 automotive to have cash to pay workers in addition to preserve operations.
VTA, Director of TA Firm, mentioned: “After 2 years of battling Covid-19, I used to be compelled to decide to promote belongings to keep up the corporate. Throughout this era, regardless that it was very tough, the corporate has by no means delayed an worker’s wage, nor has there been a month that has lowered an worker’s wage regardless of having to take out a mortgage.
His firm VTA is a younger startup, acknowledged by the Ministry of Science and Know-how as a science and know-how enterprise. Nevertheless, as a result of lack of collateral, companies can’t entry financial institution loans. However this younger director additionally mentioned: “Banks don’t even dare to borrow as a result of the curiosity is so excessive that they cannot pay it”.
With the precise work of treating water sources for households, companies, and industrial parks, the times when Hanoi metropolis implements social distancing, the corporate can’t carry out contracts within the metropolis. metropolis. Whereas with contracts in provinces and cities outdoors of Hanoi, it is rather tough to be allowed to move by quarantine checkpoints regardless of having full journey paperwork in addition to unfavorable take a look at outcomes, and so forth.
A sequence of difficulties piled up as a result of influence of Covid-19 compelled the director of this firm to determine to promote the automotive to get cash to keep up the corporate and pay workers.
Nevertheless, the above case can nonetheless be thought-about a bit fortunate as a result of too many people and companies borrow from banks to purchase automobiles however are falling into dangerous debt and have their collateral recovered by banks.
These collaterals are automobiles which can be mortgaged and are at present affected by “sunshine and rain” in outside parking heaps. There are automobiles which were on the market for Three months now however haven’t been capable of finding a brand new proprietor.
Listed here are some photos taken by employees accountable for liquidation of belongings of banks and posted on the market on social networks:

The 2017 Toyota Innova at a parking zone in Ninh Kieu ward, Can Tho metropolis, was liquidated by VIB. This automotive is being offered for 420 million VND. |
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The Mercedes – Benz C200 produced in 2016 is on the market by VIB financial institution for 990 million VND. This luxurious automotive is at present being saved at a parking zone on Linh Duong Avenue, within the territory of Hoang Liet Ward, Hoang Mai District, Hanoi. |
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Additionally on the parking zone on Linh Duong Avenue (Hoang Mai), the Toyota Camry 2.0L model, produced in 2015 was offered for 610 million VND. |
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970 million VND is the promoting worth of the automotive in want of liquidation Mazda Cx8 Premium registered for the primary time in 2020 and has solely rolled 28,000km. At present, this automotive is positioned in a parking zone in Thu Duc Metropolis (HCMC). |
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The 2019 Hyundai Santafe, full petrol model, solely ran 3,000km, was liquidated by a financial institution in Hanoi for VND 760 million. |
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A reasonably “scorching” household automotive at the moment is the Peugeot 5008, model 1.6AT, produced in 2019, with the Board of Supervisors of Hung Yen province, priced at solely VND 860 million. |
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This Mazda BT50 pickup truck produced in 2017 is at present priced at VND 450 million. This automotive is at present current at a parking zone in Hoang Mai district, Hanoi. |
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Not solely small automobiles, passenger automobiles from 16-45 seats of transport enterprises are at all times accessible within the checklist of liquidated belongings of banks. This 16-seat Ford Transit, manufactured in 2018, was liquidated by a financial institution in Ho Chi Minh Metropolis for VND 442 million. |