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Saigon Commercial Bank (SCB) has issued a second bid invitation to select a consulting firm to handle secured assets related to the judgments in the Truong My Lan case. The submission deadline is 16 April, as part of SCB’s plan to execute the disposition of secured assets under Ho Chi Minh City People’s Court and Ho Chi Minh City Court of Appeal rulings.
In the second bid invitation, SCB calls for bids for the package “Selecting a consulting firm to handle secured assets under the judgments 157/2024/HS-ST and 1125/2024/HS-PT.” SCB said the second invitation forms part of its execution plan for secured assets, aiming to maximize opportunities for capable consulting units to refine an optimal disposition plan and safeguard SCB’s interests and those of related parties.
SCB stated that details of eight asset codes—equating to 12 secured assets—are ready to proceed with valuation and auction procedures. In the first phase, SCB has completed the full legal basis for these eight assets to move forward with valuation and auction.
The asset list includes high-value real estate rights (land use rights and assets attached to land), vehicles, machinery and equipment for production and business, consumer goods and warehousing, more than 8,500 fashion products (clothes, bags, accessories), and more than 370,859 other inventory items.
In March, SCB announced the plan to process eight asset codes under the Ho Chi Minh City People’s Court criminal first-instance judgment 157/2024/HS-ST dated 11/4/2024 and the Ho Chi Minh City Court of Appeal judgment 1125/2024/HSPT dated 3/12/2024.
SCB said it is executing the court’s judgments on the transfer of secured assets in the Truong My Lan case and other defendants to SCB for management and processing under the mortgage contract signed in accordance with the law. The enforcement is under the supervision of the Supreme People’s Procuracy, the Investigation Police—Ministry of Public Security (C03), and the competent civil judgment execution authorities.
SCB said it has gradually completed necessary legal procedures under the guidance of the State Bank of Vietnam, the SCB Special Control Board, and other authorities to prepare resources for asset disposition in accordance with the law.
To ensure objectivity, transparency, compliance with the law, and protection of the rights of all parties, SCB will carry out the process in two phases:
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