Luxury Yacht Owned by Truong My Lan Slashed in Price to Nearly 50 Billion VND

The Civil Judgment Execution Agency (CJEA) of Ho Chi Minh City is auctioning several assets owned by Ms. Truong My Lan as part of the enforcement of a legally effective court ruling.

Among these assets, a notable item is the luxury yacht The Reverie Saigon (blue and white), manufactured in France in 2018 and currently docked at Tam Son Swan Bay Marina in Dai Phuoc Commune, Dong Nai Province.

Previously, on January 5, 2026, the yacht was put up for auction for the first time with a starting price of over 52.4 billion VND, but no buyers registered.

As a result, for the second auction, the starting price for Ms. Truong My Lan’s yacht has been reduced by 6%, to over 49.2 billion VND.

The auction is scheduled for the morning of February 12, 2026, at the Ho Chi Minh City Asset Auction Service Center (Tan Son Nhat Ward, Ho Chi Minh City). Participants must deposit 20% of the starting price, approximately 10 billion VND, via bank transfer to the center’s account.

In addition to the yacht, the CJEA has also reduced the prices of two other assets owned by Ms. Truong My Lan: the THALIA and ELECTRA vessels. Both are white, manufactured in Poland in 2017. Their starting prices have been adjusted from 5.16 billion VND to 4.8 billion VND each.

In a related development, on January 28, the CJEA of Ho Chi Minh City announced the selection of an organization to appraise and seize two albino Hermes bags owned by Ms. Truong My Lan in the Van Thinh Phat case.

The meeting was attended by CJEA officers, representatives from the Ho Chi Minh City People’s Procuracy, and other relevant agencies. Ms. Truong My Lan was absent.

The CJEA has initiated the seizure of the following assets: 1 white Hermes bag, size 25, with white stones on the lock and edges; 1 white Hermes bag, size 30, without stones; 1 watch; 1 blue fabric scarf; 3 shawls; 2 short-sleeved shirts; 2 short-sleeved T-shirts from various brands.

The CJEA officer is required to select a qualified appraisal organization to sign a contract for appraising the following assets: 1 white Hermes bag, size 25, with white stones on the lock and edges, and 1 white Hermes bag, size 30, without stones or additional materials.

The requirements for appraisal organizations are as follows: Must be certified by the Ministry of Finance to provide asset appraisal services. (Include the list of qualified appraisal companies and appraisers issued by the Ministry of Finance.)

Provide a list of appraisal contracts for similar assets from the previous year, including: asset type, executing agency/officer, contract number and date, appraisal certificate number and date, covering the period from January 1 to December 31.

Offer a comprehensive appraisal service fee (include publicly available fee schedules). Specify the time required to issue the appraisal certificate from the contract signing date.