State-owned lender Agribank will auction the ship Elisa, a floating restaurant on the Saigon River that was used as collateral for a VND134 billion (US$5.2 million) loan.
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The Elisa Floating Restaurant in HCMC, March 27, 2025. Photo by VnExpress/Quynh Tran |
The HCMC Property Auction Service Center said the auction will be held on April 18.
The starting price will be set at VND134 billion, equal to the value of the loan, and bidders are required to deposit 20%, or nearly VND27 billion.
The boat of Hao Huy company, built in 2007, can accommodate 1,000 guests and is a popular venue for viewing fireworks during Vietnam’s various holidays.
Unlike other floating restaurants on the river, the Elisa is docked at Saigon Port in District 4.
Hao Huy, incorporated in 2005, claims that the Elisa is the largest floating restaurant in HCMC.
