
Strengthening the Steering Committee for the recovery of assets seized in the Van Thinh Phat case.
Deputy Prime Minister Pham Gia Tuc heads the inter-ministerial steering committee to recover assets seized or lost in the Van Thinh Phat case.

Deputy Prime Minister Pham Gia Tuc heads the inter-ministerial steering committee to recover assets seized or lost in the Van Thinh Phat case.

At the appeal hearing, defendant Do Thi Nhan stated that the price she paid for her crimes was too high, that she had lost almost everything, and hoped the panel of judges would consider mitigating her sentence.

The One HCMC project has been unfinished for over 10 years, while Saigon One Tower was seized to settle debts; both mega-projects in the heart of District 1 were once expected to bring a new look to Ho Chi Minh City.

According to Mr. Le Minh Tri, Chief Justice of the Supreme People's Court, the Van Thinh Phat case involves a very large amount of assets, so it needs to be handled cautiously to avoid any negative consequences.

Ms. Truong My Lan stated that before her arrest, she had agreed with Bitexco to transfer the Ben Thanh Quadrilateral project for 22.000 billion VND, and now the project is worth more than 100.000 billion VND.

Ms. Truong My Lan's Amigo mega-project, aimed at rectifying the consequences for bondholders, covers an area of over 1,3 hectares and is located on Nguyen Hue pedestrian street, with an expected land price of 810 million VND/m2.

On August 19, the Ho Chi Minh City People's Court issued a notice to investors who purchased bonds from four companies involved in the second phase of the Truong My Lan and accomplices case.

During questioning by investigators, Mr. Nguyen Cao Tri denied receiving 1.000 billion VND from Truong My Lan and claimed that Ms. Lan had slandered and defamed him.

Authorities are transporting defendant Truong My Lan (Chairwoman of Van Thinh Phat Group) and 80 other defendants in the Van Thinh Phat case to Ho Chi Minh City to prepare for trial.

According to Party Secretary Nguyen Van Nen, Ho Chi Minh City has been and is resolving outstanding issues, and by the end of 2022, previously unresolved cases had become major incidents, such as the Van Thinh Phat case.

Many voters in Ho Chi Minh City expressed concern about the Van Thinh Phat case, the fight against corruption and negative practices, and the supervisory activities of the Ho Chi Minh City People's Council...

According to Mr. Nguyen Thai Hoc, the case that occurred at the Vietnam Registering Agency and some Inspection Centers "is not petty corruption, but organized and on a very large scale."