As of September 26, the Civil Judgment Execution Department (CJED) of Ho Chi Minh City has disbursed 29.5152% of the total compensation amount in the case of Truong My Lan and her accomplices, equivalent to over VND 8.7 trillion.
According to the verdict, Truong My Lan is responsible for fully compensating VND 30.081 trillion to 43,108 bondholders under six codes: QT-2018.12.1, SET.H2025, ADC-2018.09, ADC-2019.01, ADC-2018.09.01, and SNW-2018.10. Other bond codes not included in the court’s decision will not be subject to execution.
To date, the execution agency has conducted four payment rounds: Round 1 (June 25 and July 15, 2025) disbursed over VND 7.25 trillion (24.81%); Round 2 (July 17, 2025) disbursed over VND 696 billion (2.4553%); Round 3 (August 20, 2025) disbursed over VND 376 billion (1.25%); and Round 4 (September 26, 2025) disbursed nearly VND 300 billion (0.9971%).
Defendant Truong My Lan
Additionally, the CJED of Ho Chi Minh City has made supplementary payments for bondholders who provided delayed or updated account information. For 795 bondholders who have not yet provided details, the funds have been saved in accordance with regulations to ensure their rights.
Thus, after multiple recovery and distribution rounds, bondholders have received nearly 30% of the compensation mandated by the court. The remaining 70% (over VND 21 trillion) is being processed by the execution agency through asset recovery and liquidation for further payments.
The CJED of Ho Chi Minh City is currently surveying, valuing, and processing assets owned by Truong My Lan and related individuals or entities. They are also requesting SCB Bank to transfer frozen funds as per the first-instance and appellate judgments from both phases. Once the assets are processed and funds transferred, subsequent payment rounds will be initiated.
Consideration of Execution Fee Exemption
During the fourth payment round, the CJED of Ho Chi Minh City temporarily waived execution fees following numerous petitions from bondholders. The agency has submitted a request to higher authorities for a fee exemption for all 43,108 bondholders. Official updates will be announced upon receiving a response.
Warning to Bondholders Against Exploitation
The CJED of Ho Chi Minh City advises bondholders and related parties to avoid unverified links, rely solely on official execution agency channels for information, and refrain from large gatherings to prevent misinformation and exploitation by malicious actors.
Ho Chi Minh City THADS Disburses Fourth Payment to Bondholders in Van Thinh Phat Case
At the 4th payment installment, the Ho Chi Minh City Department of Judgment Execution (THADS) has temporarily suspended the collection of judgment enforcement fees.
Seizing the Mai Linh Express High-Speed Vessel for Debt Recovery
Mai Linh Tay Do Joint Stock Company borrowed funds from an individual in Can Tho but failed to repay the principal and interest as agreed. The enforcement agency has decided to seize and enforce the asset, a high-speed passenger ferry previously operated by the company on the Can Tho – Con Dao route.
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.
