On the afternoon of December 26, the Ho Chi Minh City Department of Civil Judgment Enforcement (HCMC DCJE) provided updates on the compensation progress for victims in the Van Thinh Phat case. In the sixth payment phase, the enforcement agency disbursed over 269 billion VND to bondholders.
According to the HCMC DCJE, the enforcement process is based on the first-instance criminal judgment of the Ho Chi Minh City People’s Court and the appellate judgment of the High People’s Court in Ho Chi Minh City.
The judgments mandate that Ms. Truong My Lan must fully compensate 30,081 billion VND to 43,108 victims, associated with the following bond codes: QT-2018.12.1; SET.H2025; ADC-2018.09; ADC-2019.01; ADC-2018.09.01; and SNW-2018.10.
Defendant Truong My Lan during the trial.
As of December 26, 2025, the enforcement agency has conducted six payment phases: Phase 1 (June 25, 2025): 7,464 billion VND (24.8%). Phase 2 (July 17, 2025): 738 billion VND (2.4%).
Phase 3 (August 20, 2025): 376 billion VND (1.2%). Phase 4 (September 26, 2025): 299 billion VND (0.9%). Phase 5 (November 26, 2025): 206 billion VND (0.6%). Phase 6 (December 26, 2025): over 269 billion VND for 42,482 bondholders (0.9041%).
After six phases, the total compensation paid to victims exceeds 9,350 billion VND.
For the 626 bondholders who have not provided bank account details, the HCMC DCJE has deposited the corresponding amount in savings accounts as per regulations, ensuring full protection of citizens’ rights. Fee collection and waivers are strictly implemented according to the Civil Judgment Enforcement Law and Circular 216/2016 of the Ministry of Finance.
The enforcement agency is expediting the verification, measurement, and valuation of assets owned by Ms. Truong My Lan and related entities as per the court’s decision.
Notably, the HCMC DCJE has requested Saigon Commercial Bank (SCB) to transfer all frozen funds as per the first-instance and appellate judgments from both phases of the case.
“Once asset processing is complete and funds are received from the bank, we will notify and proceed with subsequent payment phases for the victims,” affirmed a representative of the HCMC DCJE.
The Truong My Lan – Van Thinh Phat Case: Sixth Payment Disbursed to 42,000 Bondholders
In the sixth installment of payments, the Civil Judgment Enforcement Agency of Ho Chi Minh City disbursed over 269 billion VND to 42,482 bondholders.
Quốc Cường Gia Lai Sells Subsidiary to Settle Debts with Trương Mỹ Lan
To address the financial obligations arising from the purchase agreement for the Bac Phuoc Kien Residential Area project with Sunny Island Investment Corporation, Quoc Cuong Gia Lai Corporation proposes that shareholders approve the transfer of capital contributions in its subsidiaries and affiliated companies within this year.
Exclusive: Quốc Cường Gia Lai Seeks Asset Sale to Settle Debt Linked to Trương Mỹ Lan
Revised Introduction:
Quốc Cường Gia Lai proposes shareholders approve capital withdrawal, asset sales, and investment partnerships to secure funds for settling the outstanding VND 2.882 trillion debt linked to Trương Mỹ Lan.
Quốc Cường Gia Lai Seeks Asset Sales to Settle Remaining VND 1,783 Billion Debt to Trương Mỹ Lan
National Realty Group is strategically restructuring its portfolio by divesting stakes in subsidiaries and affiliated companies, while also exploring partnerships and investments in real estate projects and products. These initiatives aim to settle outstanding financial obligations to Mrs. Truong My Lan.
The Truong My Lan Case: Fifth Payment Disbursement to 42,000 Bondholders
In the fifth payment round, 42,451 bondholders received payouts at a rate of 0.683% of the enforced amount. Additionally, 657 bondholders have not yet provided their account details, delaying their payments.
