Agribank announced it would auction two large debt amounts related to CFS Investment Trade and Import-Export Joint Stock Company (KLF) and FLC Land on November 13, 2025, with a starting price of over 200 billion VND. The debt from KLF has a starting price of over 123 billion VND, with a total debt amount of about 133 billion VND, secured by seven land use certificates in Thanh Hoa. The second debt from FLC Land has a starting price of above 77 billion VND, with total debt nearing 86 billion VND, tied to 25 land parcels in Thanh Hoa. Agribank warns about risks related to disputes, financial obligations, and internal conflicts during asset recovery. KLF operates in real estate and tourism, established in 2009, while FLC Land has been active since 2008 with major projects, including FLC Landmark Tower. Both companies face financial difficulties and have previously had valuable assets seized by banks.
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