Two Birkin bags belonging to Truong My Lan, a Vietnamese businesswoman serving a life sentence, were sold at auction for half a million dollars in just 30 minutes.

A Vietnamese bank will sell properties and a car belonging to disgraced tycoon Truong My Lan to recover $27 billion in damages she was ordered to repay after a fraud conviction.

Two luxury handbags confiscated from Truong My Lan, a Vietnamese businesswoman sentenced to life in prison, were sold at a government auction for over $535,000 within half an hour of bidding.

Vietnam has auctioned two Hermes handbags belonging to real estate tycoon Truong My Lan for 14.21 billion dong (US$539,000). This sale is part of ongoing efforts to recoup billions of dollars in damages from the nation's largest fraud case, in which Lan was convicted.