Vietnam has lifted the death penalty for eight crimes, including financial fraud, which could spare the life of a prominent real estate tycoon involved in the country's largest financial fraud case.
VietnamLegal ReformsDeath PenaltyReal EstateFinancial FraudReal EstateJun 26, 2025
Vietnam has ended the death penalty for eight crimes, including trying to overthrow the government, damaging state infrastructure, making and selling fake medicine, starting wars, spying, drug trafficking, embezzlement, and taking bribes.
Truong My Lan is the 67-year-old chair of the real estate company Van Thinh Phat. She was sentenced to death for her involvement in a financial fraud case amounting to $12.5 billion, which is nearly 3% of Vietnam’s 2022 GDP.
Truong My Lan will now be eligible for the exemption of the death penalty according to the new rules. Her sentence could be reduced to life imprisonment without parole.
The legal reforms will likely impact other ongoing trials, such as the one involving the real estate and infrastructure development company Phuc Son Group, whose chairman Nguyen Van Hau is accused of paying over $5 million in bribes to win contracts for major infrastructure projects.
Following the legal changes, Vietnam now has the death penalty for 10 crimes, including murder, sexual abuse of children, treason, and terrorism.
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