Agribank Plans to Auction Bizmedia Debt Exceeding VND 40.8 Billion
Agribank’s Tây Hồ Branch is selecting an auction firm to sell Bizmedia’s debt, provisionally valued at more than VND 40.8 billion as of October 31, 2026. The bank says the loan no longer has collateral and has not announced a starting price.
The Vietnam Bank for Agriculture and Rural Development (Agribank), Tây Hồ Branch, is selecting an auction firm to sell the debt of Công ty cổ phần Bizmedia and recover the amount owed. The bank has not announced a starting price and says the loan no longer has collateral.
The debt arose from a credit agreement signed on September 25, 2020. As of October 31, 2026, the total was provisionally calculated at more than VND 40.8 billion, comprising over VND 23.84 billion in principal and nearly VND 16.97 billion in interest. The interest includes more than VND 11.42 billion in regular interest and approximately VND 5.55 billion in overdue interest.
Công ty cổ phần Bizmedia was founded in 2009 by Bùi Thị Thu Hồng. According to case records, the company faced business difficulties before 2017, with personal and bank debts of about VND 69 billion. Bùi Thị Thu Hồng subsequently established several clean agriculture businesses and attracted investment by promising monthly interest of 2% to 3.5%.
Case records show that between August 2017 and 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 approximately VND 70 billion. On September 30, 2025, the Hanoi People’s Court sentenced her to life imprisonment for fraudulent appropriation of property.
Source: VietVance
