SCB restructuring: What did the foreign investor group commit to Ms. Truong My Lan?

Representatives of Van Thinh Phat Group and a group of foreign partners have just had a working session with Ms. Truong My Lan. What commitments have been made?

Ms. Truong My Lan - Photo: HUU HANH

With the approval of the Ministry of Public Security's Investigation Police Agency (C03) and T17 Detention Center, on June 18, representatives of Van Thinh Phat Group and a group of foreign partners had a working session with Ms. Truong My Lan.

According to Tuoi Tre Online 's source, one of the contents agreed upon during the working session was that foreign partners would support and prove the source of capital of 3 billion USD for the first phase, of which 1 billion USD would be used to pay bondholders of phase 2 of the case.

Unify 3 contents

The meeting was attended by foreign investors who are considered to have "financial resources to cooperate and finance Van Thinh Phat". They are Fortlane Partners (Germany) with representatives Mr. Axel Meythaler (Chairman and CEO) and Mr. Christian Wältermann (CEO); Asset Capital (Germany) is represented by Mr. Vladimir Matias (CEO).

During the meeting, the parties discussed the plan to handle assets, overcome consequences, associated with restructuring SCB Bank to optimize asset value and time to recover capital and repay to the State.

There are three contents agreed by the parties.

Ms. Truong My Lan and Van Thinh Phat Group need foreign partners to support and prove the capital source to implement the project to handle assets associated with the restructuring of SCB Bank in the first phase, which is 3 billion USD.

Of which, 1 billion USD will be used to pay bondholders of the second phase of the case and the rest will be used to restructure SCB Bank (including refunding people with deposits at SCB, increasing charter capital to ensure operating capital).

In addition, relevant parties will submit to competent state agencies for approval to implement the project.

The foreign investor agreed to prove the source of capital as requested by Ms. Lan and Van Thinh Phat according to the principle that the parties must be approved by the competent authority to allow implementation; must have collateral corresponding to the amount of money the foreign partner transferred to Vietnam to serve the restructuring of SCB and remedy the consequences of the case.

Commitment to complete treatment within 12 years

As reported by Tuoi Tre Online , recently, a representative of Van Thinh Phat Group Joint Stock Company sent a submission 18/2025 to General Secretary To Lam, Prime Minister Pham Minh Chinh, Permanent Deputy Prime Minister Nguyen Hoa Binh and Governor of the State Bank Nguyen Thi Hong.

According to the content of the submission, Van Thinh Phat and Ms. Lan said they had partners to join the consortium to restructure or voluntarily accept a mandatory transfer with SCB, associated with the handling of the case's assets.

Partners in this consortium are domestic and international investors in the fields of real estate development, financial investment, corporate restructuring and infrastructure construction such as Germania Helvetica Grupus AG, Alvarez & Marsal Holdings...

After receiving the petition from Van Thinh Phat, the Government Office issued a document assigning the Governor of the State Bank to study and propose handling the petition. The State Bank also issued a response letter, assigning the Special Control Board of SCB Bank to review and handle the petition according to regulations and authority; in which, it noted the regulations on proposals and plan development.

In addition, according to the petition sent by Ms. Lan to state agencies, her family representative and Van Thinh Phat representative had a meeting with foreign partners such as Asset Holding Limited Securities Company, Sino Suisse Capital Company and Peninsula Shanghai Hotel Group. The parties agreed on the plan, capital investment roadmap, and financial support for the group of investors represented by Van Thinh Phat to quickly restructure SCB.

According to the proposed roadmap, from the 6th to the 12th year, after repaying new credit loans to invest in project development, Van Thinh Phat and its partners will use the remaining cash flow to gradually repay the special loan to the State Bank and complete the obligation to remedy the consequences for Ms. Lan. By the 12th year, the remaining amount of about 155,000 billion VND will be fully repaid.

Back to topic

HONG PHUC

Source: https://tuoitre.vn/tai-co-cau-scb-nhom-nha-dau-tu-nuoc-ngoai-cam-ket-gi-voi-ba-truong-my-lan-20250620080855224.htm