Event Brief
Vietnam auctions Truong My Lan’s Hermes bags for damages
Filed: May 22, 2026 at 1:05 AM ET
Summary: Vietnam auctioned two Hermes handbags owned by Truong My Lan for 14.21 billion dong to recoup damages.
WHO: Vietnamese government
WHAT: Auctioned two Hermes handbags owned by convicted real estate tycoon Truong My Lan
WHEN: May 22, 2026 at 12:11 AM ET
WHERE: Vietnam
WHY: To help recoup US$27 billion in court-ordered damages after auditing assets owned by Lan and her affiliates.
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