Civil enforcement authorities in Ho Chi Minh City have announced plans to auction three luxury vehicles linked to convicted businesswoman Truong My Lan, chairwoman of Van Thinh Phat Group, later this month.`
The Ho Chi Minh City Civil Judgment Enforcement Department said the auction will take place online on May 22.
Among the vehicles is a white four-seat Maybach bearing license plate 51F-199.99, registered under Van Thinh Phat Investment Group JSC on January 27, 2015.
The luxury sedan, manufactured in Germany in 2011, carries a starting price of more than VND7 billion ($270,000).
According to inspection records, the vehicle has not been used since December 2023 and is currently in deteriorated condition.
The rear right door panel has detached, the body contains multiple scratches, and several parts including the wheels, doors and interior components have been removed.
The Lexus will also be auctioned later this month. Photo: TL
Authorities will also auction a BMW with license plate 50L-069.47 registered under Times Square Vietnam Investment JSC in 2016.
The vehicle has a starting price of more than VND966.6 million ($37,000).
Officials said the BMW currently has a damaged battery and cannot be moved, although its engine can still start normally.
A Lexus bearing license plate 51A-942.85, also registered under Van Thinh Phat Investment Group JSC on June 6, 2016, is listed with a starting price of more than VND767.8 million ($29,500).
The Maybach linked to Truong My Lan has a starting auction price of more than VND7 billion. Photo: TL
Authorities noted that all starting prices exclude value-added tax, registration costs and potential repair expenses, which must be covered by the successful bidder.
The vehicles will be auctioned online through the Ho Chi Minh City auction platform.
Interested buyers can inspect the vehicles and related legal documents during working hours from May 13 to May 15 at storage locations in former Districts 1, 3 and 4.
Applications for participation are being accepted until 5 p.m. on May 19.
Participants are required to deposit 20% of each vehicle’s starting price in advance.
The deposit for the Maybach exceeds VND1.4 billion ($54,000), while the BMW and Lexus require deposits of more than VND193 million and VND153 million respectively.
The BMW’s starting price is set at nearly VND1 billion. Photo: TL
The auction schedule is divided into separate time slots, with the Maybach auction running from 2 p.m. to 2:30 p.m., the BMW from 3 p.m. to 3:30 p.m., and the Lexus from 4 p.m. to 4:30 p.m.
Bidding will follow an ascending-price format, with minimum increments of VND100 million for the Maybach and VND20 million for the BMW and Lexus.
Authorities said bidders are responsible for independently reviewing the legal status, physical condition and potential risks associated with each vehicle.
By submitting an application and deposit, participants are considered to have fully accepted the vehicles’ existing conditions and legal documentation.
Earlier, Ho Chi Minh City civil enforcement authorities also announced auctions for two rare white Hermès handbags linked to Truong My Lan.
Vietnamnet.vn
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