Trương Mỹ Lan linked to 935 billion VND debt secured by 226 land certificates

Investigative authorities in Vietnam have released supplementary findings regarding a case involving BMC Company, Saigon Commercial Bank (SCB), and the Van Thinh Phat Group. Investigators determined that since 2010, leaders of BMC Company, including former General Director Nguyễn Văn Ngọc and former Deputy General Director Phạm Lê Hùng, coordinated with Trương Mỹ Lan, Chairwoman of Van Thinh Phat Group, to secure loans from Nghia Bank and the former SCB.

Trương Mỹ Lan reportedly directed the withdrawal and use of 1,235 billion VND, of which 300 billion VND was repaid, leaving a principal debt of 935 billion VND that was transferred to the Van Thinh Phat Group ecosystem. To address this financial obligation to SCB, Trương Mỹ Lan reached an agreement with Trần Nhật Bằng, General Director of Bằng Đại Lộc Group Tây Ninh, to use his personal assets as collateral. This collateral consists of 226 land use right certificates covering 55.8 hectares in Tây Ninh province, with an estimated 2025 value of approximately 2,399.4 billion VND.

While Trương Mỹ Lan is not facing additional criminal charges due to her existing life sentence, authorities have determined she remains responsible for compensating the full 935 billion VND principal plus all accrued interest and fees. Law enforcement will continue to manage the collateral to ensure the recovery of assets for the State and the bank.