BIDV (BID) Land Reclamation: HCMC Seizes 145ha Binh Duong Plot

Overview

Ho Chi Minh City’s People’s Committee has issued a decision to reclaim a 145.9-hectare land plot in Binh Duong ward from Binh Duong Production and Import-Export Corporation (TNHH MTV) to enforce Appellate Judgment No. 912/2022/HS-PT dated 28 December 2022. The land had previously been registered as a capital contribution to Tan Thanh Investment and Development JSC, and the decision explicitly addresses how the legitimate rights of BIDV (HOSE: BID) will be handled. The ruling matters for BID because the bank holds an interest tied to the asset, and the enforcement path now runs through the judgment rather than a negotiated settlement.

Key Facts

• The reclaimed plot measures 1,459,101.8 square meters, or more than 145 hectares, in Binh Duong ward, Ho Chi Minh City.
• The reclamation enforces Appellate Judgment No. 912/2022/HS-PT dated 28 December 2022, issued by the High People’s Court in Ha Noi.
• The land was covered by five land-use right certificates numbered BO-594924, BO-594925, BO-594926, BO-594927 and BO-594928, all issued on 25 August 2013 to Binh Duong Production and Import-Export Corporation.
• Land-use rights were subsequently registered as a change to reflect a capital contribution to Tan Thanh Investment and Development JSC.
• After reclamation, the plot will be handed to the HCMC Party Committee for management, per the appellate judgment.
• BIDV’s legitimate rights and interests, along with those of Tan Thanh shareholders and related parties, are to be handled according to the appellate judgment and applicable law.
• The Department of Agriculture and Environment will lead the handover, revoke the five certificates, and update cadastral records.

What Happened

According to the HCMC People’s Committee decision, the 145.9-hectare site in Binh Duong ward is being reclaimed from Binh Duong Production and Import-Export Corporation - TNHH MTV to execute Appellate Judgment No. 912/2022/HS-PT. The five certificates underpinning the plot were issued to the corporation on 25 August 2013, and the land-use rights were later registered as a capital contribution to Tan Thanh Investment and Development JSC.

The decision directs Tan Thanh Investment and Development JSC, Binh Duong Production and Import-Export Corporation, and related organisations and individuals to hand over the land, cooperate in defining boundaries and markers, and record the site’s current condition. The Department of Agriculture and Environment is tasked with organising the handover to the HCMC Party Committee, revoking the five certificates, and instructing the city land registration office to update cadastral records and the land database. On BIDV, the decision states that the bank’s legitimate rights and interests, together with those of Tan Thanh shareholders and related parties, will be implemented in line with the appellate judgment and legal regulations; unresolved disputes are to proceed through litigation procedures.

Market Context

BIDV trades on HOSE under BID, closing at 35,600 on 13 September 2026. The decision concerns a legacy real-estate exposure rather than the bank’s core lending franchise, so it sits alongside, not inside, the earnings drivers that typically move BID. The plot is in Binh Duong ward, an area of Ho Chi Minh City that has drawn industrial and residential development interest, and the enforcement action reflects the broader Vietnamese trend of courts and city authorities clearing long-running land disputes tied to bank collateral. The filing does not disclose the value of BIDV’s claim or the plot’s current market valuation.

Strategic Significance

For long-term holders of BID, the key question is recovery, not headline size. The decision confirms that BIDV’s claim is recognised inside the enforcement process and will be resolved under the appellate judgment, which reduces the risk of the asset being transferred without regard to the bank’s position. Because the land was contributed to Tan Thanh Investment and Development JSC, the bank’s economics depend on how the judgment allocates proceeds among the corporation, the joint-stock company, and creditors. A clean, court-supervised handover would shorten the timeline to resolution; a contested process would extend it. The outcome also signals how HCMC authorities will treat bank interests in large reclaimed plots, a template relevant to other legacy collateral cases in the city.

What to Watch

• The formal handover minutes and boundary demarcation for the 145.9-hectare plot, led by the Department of Agriculture and Environment.
• Revocation of the five land-use certificates and corresponding updates to the city cadastral database.
• Any BIDV disclosure on the carrying value, provisioning status, or recovery expectation tied to the Tan Thanh exposure.
• Court or enforcement milestones under Appellate Judgment No. 912/2022/HS-PT that allocate proceeds among BIDV, Tan Thanh shareholders, and Binh Duong Production and Import-Export Corporation.
• Any dispute filing if the parties fail to reach agreement, which would move the matter back into litigation procedures.