Agribank Plans to Auction More Than VND 40.8 Billion in Bizmedia Debt
Agribank’s Tay Ho branch is selecting an auctioneer for Bizmedia’s debt, provisionally valued at more than VND 40.8 billion as of October 31, 2026. The loan no longer has collateral, and no starting price has been announced.
The Tay Ho branch of the Vietnam Bank for Agriculture and Rural Development (Ngân hàng Nông nghiệp và Phát triển Nông thôn Việt Nam, or Agribank) is selecting an auctioneer to sell the debt of Bizmedia Joint Stock Company (Công ty cổ phần Bizmedia) and recover the loan. As of October 31, 2026, the debt was provisionally valued at more than VND 40.8 billion. The bank said the loan no longer has collateral, and no starting price has been announced.
The debt stems from a credit agreement signed on September 25, 2020. The outstanding principal exceeds VND 23.84 billion, while outstanding interest is nearly VND 16.97 billion. That interest includes more than VND 11.42 billion accrued during the loan term and about VND 5.55 billion in overdue interest.
Bizmedia was founded in 2009 by Bùi Thị Thu Hồng. Case records show that before 2017, the company faced business difficulties and had personal and bank debts totaling about VND 69 billion. To raise money to repay the debts, she established several clean agriculture businesses and solicited funds from investors with promises of monthly interest payments of 2% to 3.5%.
From August 2017 to June 2022, Bùi Thị Thu Hồng raised and borrowed more than VND 195 billion from 15 victims. She repaid more than VND 124 billion and misappropriated about VND 70 billion. On September 30, 2025, the Hanoi People’s Court sentenced her to life imprisonment for fraudulently appropriating property.
Source: VietVance
