On September 26, the Civil Judgment Execution Department (CJED) of Ho Chi Minh City announced the fourth payment distribution to bondholders in the Van Thinh Phat case.
According to the announcement, CJED is executing the judgment in the Van Thinh Phat case based on the First Instance Criminal Judgment dated October 17, 2024, by the Ho Chi Minh City People’s Court, the Appellate Judgment dated April 21, 2025, by the High People’s Court in Ho Chi Minh City, and the Execution Decision as follows:
“Mrs. Truong My Lan is obligated to fully compensate the total amount of VND 30,081 billion to the victims and related parties who acquired the bonds as per the appendices (43,108 individuals), including the following bond codes: QT-2018.12.1; SET.H2025; ADC-2018.09, ADC-2019.01; ADC-2018.09.01, and SNW-2018.10.”
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During the execution process, CJED completed the first payment, totaling over VND 7,464 billion.
On June 25, 2025, and July 15, 2025, payments were made to 41,441 bondholders, amounting to VND 7,250 billion, with each recipient receiving 24.81% of their claim.
On July 17, 2025, the second payment of VND 696 billion was distributed to 41,441 eligible bondholders, representing 2.4553% of their claims.
On August 15, 2025, CJED continued payments for the first and second phases to bondholders who updated their account details or provided new information.
On August 20, 2025, the third payment of VND 376 billion was made to 42,141 bondholders, equivalent to 1.25% of their claims.
On September 24, 2025, additional payments were made to parties from previous phases who had not provided information, transferred rights and obligations, or had closed or incorrect account details.
After the first three payments, CJED recovered over VND 299 billion from asset liquidation.
On September 26, 2025, the fourth payment was distributed to 42,313 bondholders, representing 0.9971% of their claims.
CJED has deposited funds for 795 bondholders who have not provided account details, in accordance with regulations.
As of September 26, 2025, CJED has paid out 29.5152% of the total claims.
For the fourth payment, CJED has temporarily waived execution fees due to numerous requests from bondholders to exempt these charges.
CJED has reported these requests to higher authorities for consideration of fee waivers for all bondholders and will inform them of the decision once received.
Currently, CJED is verifying, surveying, and appraising assets belonging to Mrs. Truong My Lan and other obligated parties, as identified in the judgment.
Additionally, CJED continues to request SCB Bank to transfer frozen funds as per the appellate and first instance judgments.
Once asset liquidation and bank transfers are completed, CJED will proceed with subsequent payments.
SONG MAI
– 14:05 26/09/2025
Over 42,000 Creditors of the Major Van Thinh Phat Case Get Paid in the Third Batch
On August 20th, the Ho Chi Minh City Department of Justice facilitated the third round of payments to 42,141 creditors, amounting to a 1.25% distribution rate of the remaining funds in the enforcement stage.
The Great Unveiling: Unraveling the Third Payment Installment for Bondholders in the Truong My Lan – Van Thinh Phat Case
The THADS Ho Chi Minh City team has successfully recovered 376 billion VND in assets related to the case of Mrs. Truong My Lan. With this significant recovery, the team has proceeded with the third payment round, distributing funds to 42,141 creditors. This distribution represents a 1.25% payout rate on the remaining enforced debt, bringing much-needed financial relief to those impacted by this case.
The Van Thinh Phat Case: Over $350 Million Illegally Transferred.
“In a landmark development, the Ho Chi Minh City Civil Judgment Enforcement Agency has distributed an impressive sum of over VND 8.3 trillion to more than 42,000 creditors in the Vạn Thịnh Phát case (phase 2). This marks the conclusion of the third round of payments, bringing much-needed closure and financial relief to those involved.”
The Case of the Withdrawn Payout: Unraveling the Story Behind the Reversal of Funds for 188 Bondholders in the Van Thinh Phat Scandal
188 bondholders were entitled to compensation ranging from a few hundred million to 4.5 billion VND. However, as these bondholders are now deceased or have transferred ownership through sales, gifts, or other means, the Ho Chi Minh City Court has recalled the decision to distribute funds to these individuals.
“Mrs. Truong My Lan Appeals Entire Phase 2 Verdict”
Many victims who invested in bonds related to Truong My Lan have also appealed the first-instance verdict.
