The Ho Chi Minh City Civil Judgment Enforcement Department will auction three properties linked to Truong My Lan, 70, Chairwoman of the Board of Directors of Van Thinh Phat Group, on 23/10.
These three properties in Ho Chi Minh City have a combined starting price exceeding 334 billion VND. This includes the villa on Nguyen Thi Dieu street, Xuan Hoa ward (formerly District 3), valued at over 202.5 billion VND.
The villa stands on a plot of nearly 300 square meters, with a built-up area of 164 square meters.
The second property is a house and land at 142 Vo Van Tan street, Xuan Hoa ward, with a starting price over 94 billion VND. This plot measures 115 square meters and is designated as urban residential land. The third asset comprises land use rights and house ownership at 151 Dong Khoi street, covering 26 square meters, with a starting price exceeding 37.3 billion VND.
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Truong My Lan at the phase two appellate court, in 4/2025. *Thanh Tung* |
In addition to these three properties, other assets linked to Truong My Lan are also expected to be auctioned in the coming time, including The Reverie Saigon yacht, two ships named Thalia and Electra, and a property at 7 Ham Nghi street.
Previously, several other assets associated with Truong My Lan were successfully auctioned. These included two Hermes bags with a total winning bid of 13.3 billion VND, one Maybach sold for 16.6 billion VND, one BMW for 879 million VND, and a diamond jewelry set for nearly 25 billion VND.
For the property at 12-14 Nguyen Thiep street (4th floor), Ben Nghe ward, District 1 (now Sai Gon ward), the enforcement agency decided on a third price reduction, lowering the starting price to 19.5 billion VND. This asset is scheduled for auction on 12/11.
Truong My Lan is currently serving a life imprisonment sentence for multiple offenses in the case involving Van Thinh Phat Group and SCB.
In phase two of the case, she was ordered to compensate over 30,000 billion VND to more than 43,000 victims and bond transferees with related rights and obligations. In phase one, she was ordered to compensate SCB nearly 674,000 billion VND.
During the case resolution, procedural authorities seized over 1,000 assets linked to her to ensure the enforcement of judgments.
Hai Duyen
