SCB extends deadline for asset-auction filings in the Van Thinh Phat case involving Truong My Lan

SCB has completed the legal basis for 12 collateral assets from the Truong My Lan case and other defendants, bringing the package to a stage ready for appraisal and auction. The bank has issued a second invitation to bids, extending the submission deadline for a consultant selection related to Judgment 157/2024/HS-ST and Judgment 1125/2024/HS-PT.

Consultant selection and timeline

SCB’s second bid invitation covers the package “Selection of a consultant to handle collateral assets under Judgment 157/2024/HS-ST and Judgment 1125/2024/HS-PT” tied to the Truong My Lan case and other defendants. The submission deadline is set for 16 April 2026.

SCB said the move is part of its plan to process the collateral assets under the effective judgments, enabling capable consulting firms to continue refining an optimal handling plan that safeguards the highest interests of SCB and related parties.

Asset list prepared for valuation and auction

According to SCB, the bank has published a plan to handle eight asset codes (equivalent to 12 collateral assets) that meet legal conditions to implement valuation and auction steps in accordance with regulations.

The asset portfolio is described as diverse, spanning high-value real estate and various movable assets used for production and business.

Real estate and attached land assets

The real estate group includes land-use rights and assets attached to land across multiple localities.

Movable assets and large inventory lots

Movable assets include vehicles, machinery and equipment, consumer goods, and warehouse facilities.

SCB highlighted a batch of more than 8,500 items including clothing, handbags, and fashion accessories owned by Saigon Galleria JSC.

It also noted a large lot of more than 370,000 products owned by Eurasia Concept JSC, currently stored in warehouses and showroom systems.

Other notable assets

The list further includes assets such as cars and trucks; the Lavifood factory in Long An Province (now part of Tay Ninh) with its plant and offices; an industrial park property in the area; and a two-story house with an office in Tan Hung Ward, Ho Chi Minh City.

Why SCB is seeking professional consultants

SCB said that given the assets’ distinctive nature and scale, it is intensifying its search for professional consulting firms to develop an efficient, transparent, and legally compliant handling plan.

The bank described selecting a consulting firm as a crucial step to ensure the auction and asset-recovery process proceeds in a disciplined manner, reducing the risk of issues arising.

Previous work on collateral asset handling

SCB said that in 2025, it carried out review, classification, and procedures to establish control and handling rights for 1,120 asset codes in accordance with the judgments. The bank also completed legal procedures to clearly define rights and responsibilities in managing and handling the assets entrusted.