Monitor this situation.

Unsubscribe anytime.

[SITUATION] · [ACTIVE] · [BUSINESS]

3 clusters · 8 sources · 4 days · First seen 5 days ago · Last updated 2 days ago

Asset liquidation in Truong My Lan case

Overview

Authorities in Ho Chi Minh City are auctioning various assets belonging to Truong My Lan, the former Chairwoman of Van Thinh Phat Group, to satisfy her obligation to reimburse over 30,081 billion VND to more than 43,000 victims and stakeholders.

Real estate auctions include multiple properties with combined starting prices exceeding 334 billion VND, such as villas on Nguyen Thi Dieu, Vo Van Tan, and Dong Khoi. A villa at 22B Nguyen Thi Dieu is valued at over 200 billion VND, while properties at 142 Vo Van Tan and 151 Dong Khoi have starting prices of over 94 billion VND and 37.3 billion VND, respectively. Other land assets in Long Phuoc and on Tran Quoc Toan have also been valued for liquidation, with combined starting prices exceeding 169 billion VND.

In addition to real estate, luxury vehicles are being sold. A black Lexus luxury vehicle (license plate 51A-942.85) was sold in September for 600 million VND to a Ho Chi Minh City resident. This final sale price represents a reduction of more than 167 million VND from its initial May starting price of over 767 million VND. The vehicle's difficulty in finding a buyer was reportedly due to its used condition and a faulty battery that prevented it from being driven. This follows the prior sale of a Maybach for 16.6 billion VND and a BMW for 879 million VND.

Entities

Truong My Lan · Van Thinh Phat Group · Ho Chi Minh City · Ho Chi Minh City Civil Judgment Enforcement Agency · Ho Chi Minh City Asset Auction Service Center

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Ho Chi Minh City civil judgment enforcement authorities are auctioning real estate linked to Truong My Lan. cafef.vn · soha.vn · thanhnien.vn
[● 3 SOURCES] The villa at 22B Nguyen Thi Dieu has a starting price of over 200 billion VND. cafef.vn · soha.vn · thanhnien.vn
[● 3 SOURCES] Truong My Lan is obligated to reimburse over 30,081 billion VND to more than 43,000 victims. cafef.vn · soha.vn · thanhnien.vn
[● 2 SOURCES] The total starting price for the three properties being auctioned on October 23 is over 334 billion VND. cafef.vn · soha.vn
[○ 1 SOURCE] Three additional properties in Long Phuoc and Tran Quoc Toan have been valued at over 169 billion VND. thanhnien.vn
[○ 1 SOURCE] Authorities have previously auctioned 8 of Truong My Lan's assets, recovering over 1,806 billion VND. thanhnien.vn

Timeline

2 days ago

[BUSINESS] 3 sources
Lexus luxury car owned by Truong My Lan sold at auction
A Lexus luxury car belonging to Van Thinh Phat Group Chairwoman Truong My Lan has been sold at auction for 600 million VND to help recover funds for bondholders.
5 days ago

[BUSINESS] 2 sources
Lexus vehicle owned by Truong My Lan sold at auction
A Lexus vehicle linked to Truong My Lan was sold at auction in Ho Chi Minh City for 600 million VND after multiple price reductions.
5 days ago

[CRIME] 6 sources
Vietnam auctions real estate linked to Truong My Lan
Authorities in Ho Chi Minh City are auctioning several high-value real estate properties linked to Truong My Lan to recover funds for victims of the Van Thinh Phat Group case.

Sources

cafebiz.vn · cafef.vn · dantri.com.vn · doanhnghiephoinhap.vn · soha.vn · thanhnien.vn · tienphong.vn · tuoitre.vn

This summary has been updated 1 time: see revision history