The Ho Chi Minh City Department of Civil Judgment Enforcement has sent a document to the Ho Chi Minh City People’s Court of Appeals, providing information on the receipt of evidence and the amount of compensation from the parties involved in theVạn Thịnh Phátcase.
According to the document, the evidence and money transferred by the Ministry of Public Security’s Investigation Police to the Ho Chi Minh City Department of Civil Judgment Enforcement consist of two phases.
 Truong My Lan and other individuals and organizations have paid over VND 4,250 billion and USD 27 million in compensation. |
In terms of evidence, Phase 1 includes documents related to shares, consisting of 23 shareholding books representing more than 2.34 billion shares; 1,307 land use right certificates; 34 savings books with a total of over VND 617 billion; and other electronic devices such as mobile phones, hard drives, desktop and laptop computers…
Phase 2 comprises of 79 land use right certificates; 3 term deposit cards at Vietcombank with a total value of VND 38.6 billion, including 2 cards in Chu Duyet Hang’s name worth VND 31.9 billion and 1 card in Truong My Lan’s name with VND 6.7 billion; two term deposit cards at Vietcombank worth VND 2.5 billion, and a savings book at Eximbank worth VND 10 billion.
Other evidence includes 1 Hermes handbag, 8 laptops, 10 phones, 5 hard drives, 3 digital receivers…
According to the Ho Chi Minh City Department of Civil Judgment Enforcement, the total amount of money involved is over VND 1,786 billion and USD 26.6 million.
Regarding the money paid by organizations and individuals to the Ho Chi Minh City Department of Civil Judgment Enforcement as compensation, the total amount is over VND 2,464 billion and USD 400,000. Of this, VND 390 billion was paid during the first-instance trial, and over VND 2,073 billion and USD 400,000 were paid after the first-instance verdict on April 11.
Thus, the total amount of money currently held in the account of the Ho Chi Minh City Department of Civil Judgment Enforcement, including the amount transferred by the Investigation Police and the amount paid by individuals and organizations, is over VND 4,250 billion and USD 27 million (equivalent to VND 685 billion).
What are Truong My Lan’s assets outside of this case?
Prior to this, the Ho Chi Minh City Department of Civil Judgment Enforcement received a request on October 23 from Truong My Lan. The content of the request included opinions, presentations, and proposals related to the enforcement of the civil judgment in the case No. 157/2024/HS-ST (Vạn Thịnh Phát Phase 1) and case No. 504/2024/HSST dated November 17, 2024 (Vạn Thịnh Phát Phase 2), including giving priority to enforcing the judgment for the victims (bondholders) in Phase 2, the order of disposal of seized and frozen assets, and the method of enforcing the judgment for certain assets…
Notably, in this request, Truong My Lan stated that for some assets that are not related to the case, are not mortgaged or seized, and are borrowed from friends for sale or transfer to raise funds for compensation, her family is permitted to proactively find partners or customers to continue developing or transferring these assets.
 Truong My Lan owns 18% of the shares in the Vietcombank Tower building.
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These assets include an 18% stake in the Vietcombank Tower building, the Capital Place office building, and 65 unmortgaged assets currently held and managed by OCB (including the 6A Binh Chanh project).
According to Truong My Lan, some of these assets were acquired before 2012 with money earned from her family’s business over nearly 50 years. Some of these assets are currently mortgaged at SCB, while others are seized and listed in the inventory and appendix of the first-instance verdict. As some of these assets were inherited from her ancestors, she requested the Ho Chi Minh City Department of Civil Judgment Enforcement to consider enforcing judgment on these assets last. In case the disposal of the above-mentioned assets is sufficient to compensate for the damages, she asked the authorities to lift the seizure on these assets and allow her family to keep them for a living.
To facilitate the efficient and swift disposal of assets for compensation in this case and to minimize losses for the victims and related parties, Truong My Lan proposed that the Ho Chi Minh City Department of Civil Judgment Enforcement and relevant agencies create favorable conditions for her to proactively enforce the judgment and comprehensively compensate for the damages.
Duy Quang
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